This podcast episode examines the failures of the contemporary political class, shaped by a prolonged unipolar moment, and critiques the implications of centralized power in America. Smith argues that the ruling class lacks foresight and is driven by self-interest, while also highlighting the influence of powerful business interests in foreign policy. The episode discusses the challenges of decentralization against historical trends favoring centralization, advocating for a return to federalism and emphasizing the success of free markets in promoting prosperity. Ultimately, Smith expresses optimism that emerging information transparency could lead to a more decentralized and liberated society.
