The 5G Revolution, Huawei Controversy, and Global Trade Dynamics

The Answer Is Transaction Costs

TAITC tries to navigate the complex world of 5G, Huawei, and the telecom revolution with special guest John Pelson, author of the thought-provoking book, Wireless Wars. With Pelson's unique insights from his time as a corporate executive in the wireless tech industry, we explore the pivotal role of rapid, reliable communication in promoting cooperation and exchange. We'll take up some of the intricacies of switching technology, capacity increases, and how institutions and transaction costs influence the wireless business competition.
Our journey won't stop at revealing the inner workings of the telecom industry. We'll also shed light on the transformative impact of 5G technology on society. Beyond simply being a faster version of 4G, we'll discuss how 5G acts as a conduit connecting things to things, with the potential to bring radical changes to multiple industries. Discover why it's not too late to jump on the 5G bandwagon and how its full potential is yet to be realized.
Some background info and links:

• Underappreciated Economists: Karl Mittermaeir (by M.C. Munger)
• SQL queries: Joins

Books'o'da'Month!
•Wireless Wars, Jon Pelson
•The Capitalist Manifesto, Johan Norberg (I said Jonah, but of course it's Johan!!!)
•The Hand Behind the Invisible Hand, Karl Mittermaier

If you have questions or comments, or want to suggest a future topic, email the show at [e-mail] !

You can follow Mike Munger on Twitter at @mungowitz

Chapters

1. The 5G Revolution, Huawei Controversy, and Global Trade Dynamics (00:00:00)

2. 5G, Huawei, and the Telecom Revolution (00:00:01)

3. The Significance of 5G Technology (00:10:43)

4. The Risks of Outsourcing to China (00:17:15)

5. Implications of Trust in US-China Relations (00:32:05)

6. Transaction Costs and AI Manipulation (00:40:37)

7. Underrated Book and Upcoming Episode (00:53:30)