Noah Smith and Erik Torenberg continue their analysis of the Israel-Gaza war, against the backdrop of shifting geopolitical power, increasing conflicts, and the end of Pax Americana. They also discuss why Noah expects a China-Taiwan conflict, and the possibility of WWIII. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102
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Every week investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Subscribe to “The Riff” with Byrne Hobart and Erik Torenberg: https://link.chtbl.com/theriff

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Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co
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TIMESTAMPS:
(00:00) Episode Preview
(01:50) Commentary on the Israel-Hamas war
(03:41) The idea that wars end
(07:34) The US has lost its unipolar moment
(09:12) Should Israel double Gaza’s GDP to prevent violence?
(15:05) Rich and aggressive? 
(19:50) Sponsors: Daffy and NetSuite
(22:02) Collapse of Pax Americana means countries feel safer declaring war
(22:59) Hotspots for conflict: Azerbaijan and Armenia, Serbia and Kosovo
(25:52) If China attacks Taiwan, what happens
(29:32) How should international companies get ready?
(31:12) Auditing supply chain
(33:50) Recap of the tension between Taiwan and China
(35:14) Strategic Ambiguity
(38:11) Other key players in the Taiwan-China conflict
(47:10) The Europeanization of the Ukraine war
(50:17) We have nukes in Germany
(51:03) Comparing Obama/Trump/Biden policies
(53:37) What we’re actually doing vs the illusion of what we’re doing with Iran
(54:26) How should the government get ready?