America’s debt spiral & China’s big AI bet

In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau debunk the mainstream economic orthodoxy that reserve currency status grants America immunity from default, exposing how the US is heading towards an uncontrollable sovereign debt spiral, while exploring how China is pursuing an alternative path to escape economic stagnation through state-directed open-source automation. Hosted on Acast. See acast.com/privacy for more information.

Episode metadata supplied by the publisher feed · Published Aug 25, 2026

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America’s debt spiral & China’s big AI bet

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