Uk Column Podcasts

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 than the US on a real basis – and why that's dangerous for Americans to ignore • The difference between Western aid (Peace Corps, microcredit, window dressing) and Chinese infrastructure investment (roads, rails, dams, solar panels) • Why manufacturing is the hardest part – and why the US can't replicate China's supply chains • The zero-to-one myth – China isn't just copying; it's scaling