Xi's China
The Good Fight
Yascha Mounk
4.7 • 963 Ratings
🗓️ 19 December 2020
⏱️ 53 minutes
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Summary
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| 0:00.0 | In the last 40 years, the Communist Party enjoyed one of the most benign international environments for a right for a rising superpower. |
| 0:15.2 | Now it has created an existential enemy, the U.S. |
| 0:20.4 | because the U.S. will not rest until it destroys the comes back. |
| 0:26.0 | And now the good fight with Yasha Monk. |
| 0:31.0 | At the beginning of this pandemic there were a lot of projections that this would show the weakness of capitalism. |
| 0:39.0 | When there was a few weeks in which everybody bought a ridiculous amount of toilet paper and it was a little harder to find toilet paper rolls at your local supermarket, there was jokes and memes, but actually capitalism turns out to be like socialism of all of those production shortages. |
| 0:54.0 | This was supposed to be the year according to many which definitively shows and proves |
| 0:59.6 | the shortcomings of capitalism. |
| 1:03.0 | Well I think in many ways we have overlooked as we always do the dark that didn't bark. |
| 1:10.0 | You know there has been real economic suffering this year, There have been a lot of people who have been unemployed. There's some food scarcity for people who have lost economic income. |
| 1:20.0 | But on the whole, I think this has been a story of astounding economic resilience. |
| 1:26.0 | And this is the biggest public health crisis that developed democracies have faced in essentially. |
| 1:31.0 | It is the most global public health crisis that we have collectively |
| 1:34.7 | faced probably in a number of centuries. |
| 1:37.8 | And yet, water, electricity, internet, food, all continued to be plentifully available. |
| 1:47.0 | And a lot of the suffering has been alleviated |
| 1:51.6 | by sensible actions from states, including welfare benefits, stimulus checks, and so on and so forth. |
| 2:01.0 | All of this, I think, is a vote of confidence for not the ideological |
| 2:04.9 | version of our economic system but our economic system as it actually exists. |
| 2:09.7 | An incredibly inventive free market society that Buffett's suffering through the welfare state. |
| 2:18.6 | It's important to make this argument because when we forget about the resiliency of our economic system we can actually |
| 2:26.0 | go badly wrong and there was an important example of that in this year as well. All through the early part of 2020 public health officials in the United States |
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