4.8 • 2.7K Ratings
🗓️ 30 July 2025
⏱️ 139 minutes
🧾️ Download transcript
In this episode of The Peter McCormack Show, I speak with Balaji Srinivasan, tech founder, investor, and author of The Network State.
We discuss the decline of the West, the rise of China, AI disruption, Bitcoin’s role in a collapsing dollar system, and why political polarisation is tearing America apart. Balaji explains why dollar inflation is global taxation, why U.S. empire is unsustainable, and how decentralised technology is reshaping money, media, and geopolitics.
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0:00.0 | recent media that portrays like a rich non-Western country. But for the most part, you don't see |
0:07.3 | that kind of media. And the reason is because it's depressing to people in the West who are seeing |
0:11.7 | their living standards declining. They don't want to see escapism and they want to see superhero movies. |
0:16.8 | Like, you know, clocks, watches used to say like New York, London, Tokyo. You know, they were like, they sold watches in the 80s with those three. |
0:23.0 | Now that would be, I think in a few years, if this Mumdani, for example, wins in New York, it'll be |
0:28.7 | Miami, Dubai, Singapore. |
0:30.3 | Even with color servers, China disrupted red America. |
0:33.2 | And the internet disrupted blue America. |
0:35.4 | This is only set to go further in the next 10 years |
0:39.8 | because the internet is doing AI and crypto, |
0:43.2 | so you're gonna take over all media and all money. |
0:46.4 | China is doing robots and drones, |
0:48.7 | so you're gonna take over all manufacturing and all military, |
0:51.2 | because China has already won the war. Like, you can't fight a war with China because they make all the parts. |
0:58.0 | America was the center of the world in the early 2000s. |
1:01.0 | And China and the internet are these sort of barbarian powers kind of growing on either side. |
1:05.0 | So the fall of the USSR is the closest parallel, I think, within our lifetimes to what is going to happen. |
1:10.0 | 2024 or 2025 plus, I think you need to figure out where you want to be on the surface of the earth. |
1:15.6 | This episode is brought to you by our least sponsor, a massive legends iron, the largest NASDAQ listed Bitcoin miner using 100% renewable energy. |
1:24.9 | Now, they're not just power in the Bitcoin network. |
1:28.4 | They're also providing cutting edge computer resources for AI, all backed by renewable energy. Now, my boy Danny and I have |
1:35.5 | been working with their founders, Dan and Will, for quite some time now. And we've always been |
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