Dwarkesh Podcast

• Stephen Kotkin — How Stalin Became the Most Powerful Dictator in History

  The Stephen Kotkin episode. Kotkin is arguably the world’s foremost expert on Joseph Stalin and has written a massive 2-volume biography on him (with a 3rd volume in the works).No other individual had more of a profound impact on the 20th century than Stalin. He held the power of life and death over every single person across 11 time zones, and he killed tens of millions of people, utterly consumed by an ideology aimed at building paradise on Earth.And, he was one half of the biggest and most consequential military confrontation in history (even if Hitler didn’t prove to be his match).Watch on YouTube; listen on Apple Podcasts or Spotify.Sponsors* Lighthouse is THE fastest immigration solution for the technology industry. All they need is your resume or LinkedIn profile to tell you which visas you’re most eligible for, and they’ll send you this eligibility document for free, no commitment required. Get started today at https://www.lighthousehq.com/ref/Dwarkesh.To sponsor a future episode, visit dwarkesh.com/advertise.Timestamps(00:00:00) – Was the tsarist regime the lesser of 2 evils?(00:23:45) – The peasants brought Lenin to power, then he enslaved them(00:37:38) – Why did so many go along with enforced famine and the Great Terror?(01:02:26) – Today’s leftist civil war(01:13:01) – Doesn’t CCP deserve credit for China's growth?(01:35:13) – Why didn't somebody just kill Stalin?(01:52:45) – Overcoming the pathologies of communism with tech: USSR vs China Get full access to Dwarkesh Podcast at www.dwarkesh.com/subscribe

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• “China’s digging out of a crisis. And America’s luck is wearing thin.” — Ken Rogoff

  Ken Rogoff is the former chief economist of the IMF, a professor of Economics at Harvard, and author of the newly released Our Dollar, Your Problem and This Time is Different.On this episode, Ken predicts that, within the next decade, the US will have a debt-induced inflation crisis, but not a Japan-type financial crisis (the latter is much worse, and can make a country poorer for generations).Ken also explains how China is trapped: in order to solve their current problems, they’ll keep leaning on financial repression and state-directed investment, which only makes their situation worse.We also discuss the erosion of dollar dominance, why there will be a rebalancing toward foreign equities, how AGI will impact the deficit and interest rate, and much more!Watch on YouTube; listen on Apple Podcasts or Spotify.Sponsors* WorkOS gives your product all the features that enterprise customers need, without derailing your roadmap. Skip months of engineering effort and start selling to enterprises today at workos.com.* Scale is building the infrastructure for smarter, safer AI. In addition to their Data Foundry, they recently released Scale Evaluation, a tool that diagnoses model limitations. Learn how Scale can help you push the frontier at scale.com/dwarkesh.* Gemini Live API lets you have natural, real-time, interactions with Gemini. You can talk to it like you were talking to another person, stream video to show it your surroundings, and share screen to give it context. Try it now by clicking the “Stream” tab on ai.dev.To sponsor a future episode, visit dwarkesh.com/advertise.Timestamps(00:00:00) – China is stagnating(00:25:46) – How the US broke Japan's economy(00:37:06) – America's inflation crisis is coming(01:02:20) – Will AGI solve the US deficit?(01:07:11) – Why interest rates will go up(01:10:55) – US equities will underperform(01:22:24) – The erosion of dollar dominance Get full access to Dwarkesh Podcast at www.dwarkesh.com/subscribe

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• Xi Jinping’s paranoid approach to AGI, debt crisis, & Politburo politics — Victor Shih

  On this episode, I chat with Victor Shih about all things China. We discuss China’s massive local debt crisis, the CCP’s views on AI, what happens after Xi, and more.Victor Shih is an expert on the Chinese political system, as well as their banking and fiscal policies, and he has amassed more biographical data on the Chinese elite than anyone else in the world. He teaches at UC San Diego, where he also directs the 21st Century China Center.Watch on YouTube; listen on Apple Podcasts or Spotify.Sponsors* Scale is building the infrastructure for smarter, safer AI. In addition to their Data Foundry, they just released Scale Evaluation, a tool that diagnoses model limitations. Learn how Scale can help you push the frontier at scale.com/dwarkesh.* WorkOS is how top AI companies ship critical enterprise features without burning months of engineering time. If you need features like SSO, audit logs, or user provisioning, head to workos.com.To sponsor a future episode, visit dwarkesh.com/advertise.Timestamps(00:00:00) – Is China more decentralized than the US?(00:03:16) – How the Politburo Standing Committee makes decisions(00:21:07) – Xi’s right hand man in charge of AGI(00:35:37) – DeepSeek was trained to track CCP policy(00:45:35) – Local government debt crisis(00:50:00) – BYD, CATL, & financial repression(00:58:12) – How corruption leads to overbuilding(01:10:46) – Probability of Taiwan invasion(01:18:56) – Succession after Xi(01:25:10) – Future growth forecasts Get full access to Dwarkesh Podcast at www.dwarkesh.com/subscribe

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