Why China Builds Faster Than America & The Rest of the World | Dan Wang

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 8 October 2025

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why does China build so much faster—and what does that reveal about two very different ways of running a society? Ryan and David sit down with Dan Wang, author of Breakneck: China’s Quest to Engineer the Future, to unpack China’s “engineers-in-charge” model versus America’s “lawyerly” governance. We cover how this shapes daily life and growth (from subways and high-speed rail to batteries, EVs, and drones), common western misconceptions about China (surveillance, social credit, “imminent collapse”), why U.S. capital markets soar while Chinese manufacturing dominates, what an American “abundance agenda” could look like, and Dan’s closing prescription: the U.S. needs ~20% more engineering; China needs ~50% more rights-protecting legalism. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAXNET | MINT, REDEEM, EARN https://bankless.cc/fraxnet 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR L2 NETWORK https://bankless.cc/Mantle 🌳KGEN | REQUEST A DEMO https://bankless.cc/KGEN-podcast 🐂BULLISH | TRADING COMPETITION https://bankless.cc/trading-competition 💠BIT DIGITAL ($BTBT) | ETH TREASURY https://bankless.cc/bit-digital We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors ------ TIMESTAMPS 0:00 Intro 0:45 US Lawyers vs China Builders 8:50 Becoming Elite in China vs US 14:55 Motivating Forces 18:26 China’s Misconceptions 24:38 Protests in China 26:00 US vs China Innovation 27:59 Digital Authoritarianism 34:49 Social Credit System? 36:51 Will China Collapse? 42:53 China & Crypto 47:59 China’s Capital Markets 49:46 Path to Wealth 54:29 Property Rights 58:49 Stock Price vs Productivity 1:02:35 The 1960s 1:04:56 Abundance Agenda 1:06:51 US Weakness Relative to China 1:10:53 The Best of Both Worlds 1:13:43 Is China a Security Threat? 1:14:52 US Manufacturing Comeback? 1:20:20 US Global Talent Hub 1:25:07 China’s US Misconceptions 1:27:03 US Success Scenario 1:29:39 Closing & Disclaimers ------ RESOURCES Dan Wang https://x.com/danwwang Breakneck: China's Quest to Engineer the Future https://www.amazon.com/Breakneck-Chinas-Quest-Engineer-Future/dp/1324106034 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Transcript

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0:00.0	I would like for the U.S. to be 20% more engineering. I think that it, you know, that's how you get a few more homes constructed and wind turbines and solar and mass transit as well. And to recover some of this engineering muscle that has lacked for quite a while. Just 20%. That's not bad.
0:18.4	Seems low. 20%. That's good enough. I'll take it.
0:21.2	We're close, right? I guess we're...
0:23.2	We still have that DNA here. We just need to polish it.
0:26.4	We just need to, you know, work out and, you know, work out these muscles and get stronger again.
0:34.8	Bankless Station, Dan Wong is the author of Breakneck. It's China's Quest Engineer the Future. We've got a lot of questions about China here today. Dan, welcome to Bankless.
0:44.5	Hey, Ryan. Good to be here.
0:45.9	Okay, so the central idea of your book is that the U.S. is kind of a lawyerly type of society, that China is more of a builder, engineer society.
0:56.3	Can you break that down for us? What do you mean by this?
0:58.7	Take a look, especially at the elites of both countries. I used to be a fellow at the Yale Law School
1:03.6	when I was really felt like I was surrounded by all the future aspirants of the White House
1:09.4	who really want to become president one day.
1:12.5	And so these are people who are very smart, fun, interesting in all sorts of ways, but
1:18.3	especially very ambitious. And indeed, the U.S. is really run by lawyers for 16 presidents from
1:24.8	Washington to Lincoln, 13 of them were lawyers.
1:28.1	Every single nominee of the Democratic Party between 1980 to 24, most recently with Harris,
1:34.0	had gone to law school.
1:35.5	Much of the U.S. Senate has law degrees, only one of them is an engineer.
1:41.2	By contrast in China, much more of the leadership had degrees in mechanical engineering,
1:47.0	electrical engineering, thermal engineering, whatever else.
1:50.8	And they really treat society, the economy, and the environment as just a giant engineering
1:55.9	project.
	...

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