China's economy has grown exponentially over the last four decades, but George Magnus, former chief economist at UBS, sees four traps that could derail its continued rise: rising debt, the struggle to keep its currency stable, aging demographics, and the challenges of changing from a low-income economy to a complex middle-income one. Will Xi Jinping be open to reform? What could be the effects of lingering U.S.-China trade tensions?
In the second podcast in The Crack-Up series, which looks at how 1919 shaped the modern world, historian Ted Widmer talks to Harvard's Professor Lisa McGirr about Prohibition's roots in anti-immigrant sentiment and its enforcement, in some cases, by the Ku Klux Klan. Plus, they discuss the Eighteenth Amendment's connections to World War I and the rise of the modern American state.
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