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GZERO World Clips
Could another financial crash be looming—and would we even see it coming? On GZERO World, Ian Bremmer sits down with New York Times journalist and CNBC anchor Andrew Ross Sorkin to explore lessons from the Great Depression and the risks hiding in today’s economy. Sorkin’s new book, 1929: The Story of the Greatest Crash in American History, chronicles not just the initial collapse of the stock market, but the string of policy failures that followed—turning a crash into a crisis that scarred a generation.
“We're not going to have another 1929,” Sorkin says, “but I think it's very possible. Actually, I would argue it's almost impossible for us not to have another 1999.” He sees eerie parallels between the past and the present: massive speculative investments, surging inequality, and a public increasingly disconnected from financial realities. But one thing stands out today: silence. Sorkin warns that many CEOs and financial leaders, despite recognizing the risks, are unwilling to speak out publicly. “If we ever get to a moment where we need to make very difficult decisions,” he says, “are there going to be leaders willing to stand up and explain what needs to happen?”
From invisible debt in private credit markets to the unsustainable business models of leading AI firms, Sorkin and Bremmer explore whether we're ignoring the warning signs once again—and what it would take to avert the next big crash.
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube.Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
Over the last two decades, China has transformed into an engineering state. Its ability to build almost anything—bridges, high-speed rail, entire cities from nothing—has led to record growth, but also domestic challenges and soaring debt. On GZERO World, Ian Bremmer sits down with Dan Wang, tech analyst and author of the new book “Breakneck: China’s Quest to Engineer the Future,” to talk about China’s rapid growth, the US-China relationship, and who is winning the race for technological and economic supremacy.
For better or worse, Wang says that China has leaned into a belief that almost anything can be engineered. They’ve invested massively in infrastructure, which has improved life for Chinese citizens in many ways, but the country is also dealing with a stagnating economy and record youth unemployment. China’s “engineering” mentality has led to a stubborn belief that society itself can be built from the top down, Wang says, often to draconian results like the harsh ‘zero Covid’ rules or state crackdowns on the tech sector. Can the US learn from China’s rise and avoid its mistakes?
“China's a country I describe as the ‘engineering state’ because they build a lot,” Wang explains, “They also treat society as a big engineering project, where people are yet another building material that the leadership just want to tweak and destroy if necessary.”
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube.Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
From 17th-century Dutch tulip mania to the dot-com crash of the early 2000s, financial bubbles have a way of inflating around revolutionary ideas… until confidence collapses. “The internet was real,” Bremmer says. “It was just wildly overvalued.” Could AI be next?
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
The US and China are often cast as opposites: East vs. West, democratic vs. authoritarian, market-led vs. centrally-planned. But according to Dan Wang, author of the new book “Breakneck: China’s Quest to Engineer the Future,” the two countries are more alike than you might realize. Wang joins Ian Bremmer on GZERO World to talk about the US, China, and their competing visions for the future. Despite their political and cultural differences, the two superpowers share a restless drive to build, innovate, and hustle—a hunger for the “technological sublime” that pushes both countries toward big projects and ambitions.
But there’s also a more complicated side to that ambition. In China, entrepreneurs are caught between opportunity and uncertainty, never sure when the Communist Party and Xi Jinping’s “smothering love” might smash one of their businesses or punish their success. In the US, tech leaders have more freedom to pursue their goals but still need to cozy up to power in their own ways, courting the Trump administration for favorable policies and legislation. Ultimately, two very different systems have led to strikingly similar ambitions (and anxieties) when it comes to innovation and the race to build the future.
“There is a sense in which these are two great powers,” Wang says, “And that the US and China are the countries that are going to be changing the world.”GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
Companies should be designing their products to maximize productivity, economic output, and military superiority, but instead are racing for market dominance and completely ignoring mental health and other risks, like psychosis and loss of critical thinking. Harris says that ethics around AI get thrown out the window relative to the incentive. And for big tech firms, the ultimate prize is achieving artificial general intelligence (AGI), so they need to hook as many users as they can as quickly as possible.
“AI is the most powerful, inscrutable and uncontrollable technology we've ever invented,” Harris warns, “Why are we recklessly racing this out to society psychologically in ways that we definitely don't know what we're doing? This is just stupidity.”
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube.Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
But after the boom, often comes the bust. China’s experience can be both a roadmap and a warning. The results of its building spree have been astounding: more high-speed rail than the rest of the world combined, soaring GDP growth, hundreds of millions lifted into the middle class. But the People’s Republic is now dealing with a stagnating economy. Local governments that financed all that construction are drowning in debt. China bet on physical infrastructure. The US is gambling on digital. If AI doesn’t deliver on its promise, both could end up in the same place: buried under the weight of their own ambition.
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
US tech firms are focused on beating China in the AI race, but on GZERO World with Ian Bremmer, Tristan Harris of the Center for Humane Technology argues the two countries have fundamentally different visions for AI's future. While US companies are racing toward developing powerful general intelligence (what he calls “god in a box"), China is deploying AI directly to factories, medicine and industrial production to boost its economic output. Tech firms in the US are driven by venture capital and being the first to reach advanced frontier models, prioritizing speed and scale over solving real-world challenges.
This approach isn’t just misaligned—it’s dangerous. Harris says that we need to change the way we think about AI competition with China on a longer timeline. Deploying more and more advanced AI tools to consumers en masse without safeguards and in ways that degrade mental health and critical thinking, he warns, will ultimately weaken the US. Rather than framing AI competition with China as a race to sheer technological supremacy, he says we should be racing to better deploy AI technology in a way that strengthens our society.
“We beat China to social media. Did that make us stronger or did that make us weaker?” Harris says, “It made us radically weaker. So we're not in a race for technology. We're in a race for who's better at applying and governing it."
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.