This Econ 102 podcast episode features an interview with Erik Torenberg, discussing the ongoing Ukraine-Russia conflict and its implications for Europe. The conversation analyzes Ukraine's unexpected resilience, the shifting balance of power in Europe away from US dominance, and the potential roles of various European nations (e.g., Germany, Turkey, Poland) in the conflict's resolution. Torenberg suggests that Europe needs to deregulate its software industry, increase energy production (including nuclear), and remove internal trade barriers to strengthen its position. A key takeaway is that the conflict's outcome will likely involve a negotiated settlement, influenced by the economic pressures on Russia and the willingness of European powers to provide military support to Ukraine.
