China’s Spy Balloon Is Down. Cold War 2.0 Risks Are Rising.

If we’re being honest, the whole thing is kind of funny. A Chinese spy balloon floated across the U.S. Nobody died, unless we count the balloon itself. In a saner age, this story would be over. But balloongate offers a useful hook to evaluate the relationship between the U.S. and China during a period of extraordinarily high tensions. These are the most powerful countries in the world, the two largest economies in the history of the world, and they are currently undergoing a kind of conscious uncoupling that is having a huge effect on our economies, politics, and planet. Juliette Kayyem is a contributing writer at The Atlantic, lecturer at the Kennedy School of Government at Harvard, and former government official. James Palmer is the deputy editor at Foreign Policy. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guests: Juliette Kayyem & James Palmer  Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices