PODCAST: “Hexapodia” is þe Key Insight! XLVII: “Polycrisis” Was Just the New Cold War All the Time!

Key Insights:* The global trade network is immensely valuable…* Friendshoring is not deglobalization, but raher shift-globlization…* Brad was stupid in 2005 in thinking “passing the baton of hegemony” constructively and progressively was a possibility…* Countries have no gratitude, and only remember what is convenient…* William James sought for “the moral equivalent of war” to mobilize civilizational energies for good and progress; and a Cold War certainly counts…* As Zhou Enlai said on similar issues: “it is too soon to tell”…* We both hope that America and China will soon be friends again—but the balloon freakout makes us pessimistic…* Hexapodia!!References:* Sophia Ankel: China flew spy balloons over the US while Trump was president, but nobody realized until after he left office, reports say…* Steve Clemons: 🟡 The red balloon…* Damon Linker: America the Unserious…* Noah Smith: China's industrial policy has mostly been a flop…* Noah Smith: Three books about the technology wars…* Noah Smith: Friend-shoring vs. "Buy American"…* Noah Smith: You are now living through Cold War 2…+, of course:* Vernor Vinge: A Fire Upon the Deep <https://archive.org/details/fireupondeep00ving_0/mode/1up> Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe