China Derangement Syndrome Prevents The West from Seeing Reality | Silk and Steel
In this episode of The Silk and Steel Podcast, host Carl Zha sits down with Han Fei-Zi (aka Blue Bear, formerly Doggy) – a prolific writer at Asia Times – for a deep dive into classical economics, the Lucas paradox, China's development model, and why the West fundamentally misunderstands China's economic rise.
The key insights:
• The Lucas paradox – capital should flow from rich to poor countries, but since the 1970s, it's been flowing from poor to rich
• How assets-for-goods trade has de-industrialized the West and enriched Asia (at a cost)
• Why China's economy is already 2-3 times larger…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.