Episode Details

Capitalism's last line of defense is that it innovates best. But what if China has already proven otherwise? Recording live from the Global Governance Initiative conference in Xiong'an, China's brand new city south of Beijing, I am joined by regular guest Warwick Powell. We report on our visits to the energy giant Huaneng and to China Mobile, already trialling 6G, and Powell explains why the "overcapacity" Western media decry is in fact abundance. Meanwhile, monopoly capitalism, built on rents rather than competition, now blocks the very innovation it claims to champion.