The Ezra Klein Show

America is waking up to the critical risks posed by artificial intelligence. But every conversation about possible regulation tends to hit the same wall: “Well, what about China?”
Chinese A.I. models are just slightly behind American ones. If America slows down its A.I. development to make our models safer, the fear is that China will simply race ahead of us and own this critical technology of the future — with A.I. models that are less safe than our own.
So how should the United States respond to this prisoner’s dilemma? And is it possible that the two countries leading the A.I. race could actually strike a deal?
Matt Sheehan is a senior fellow at the Carnegie Endowment for International Peace. He’s been closely following the A.I. debate in China, and how China’s been interpreting the A.I. debate here. And he’s working to try to lay a foundation for future coordination between the two countries. He’s the author of a newsletter under his name and the 2019 book “The Transpacific Experiment: How China and California Collaborate and Compete for Our Future.”
This conversation was recorded on Sept. 10.
Mentioned:
“The Adolescence of Technology” by Dario Amodei
Book Recommendations:
“Country Driving” by Peter Hessler
“From the Soil” by Fei Xiaotong
“On Beauty” by Zadie Smith
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html
This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Julie Beer. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones, Aman Sahota and Gautam Srikishan. Our recording engineer is Aman Sahota. Cinematography by Marina King and Kyle Kelley. Video editing by Steph Khoury, Brandon Belk-Yee and Julian Hackney. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

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Francis Fukuyama's “The End of History and the Last Man” is one of the most insightful books for understanding the strangeness and instability of this political moment.
Fukuyama wrote his landmark book more than 30 years ago, and it’s typically remembered as a triumphalist argument, heralding the permanent victory of liberal democracy at the end of the Cold War. But that’s not quite right. Fukuyama also talked about the serious weaknesses he saw in liberal democracy — how it may not fully satisfy the human soul — and his warnings feel very prescient now.
So I wanted to have Fukuyama on the show to talk through the ideas in his book and how he sees them today, at a time when liberal democracy seems increasingly imperiled around the world. Fukuyama is a political scientist at Stanford University and the author of a number of other great books of political theory, as well as a new memoir, “In the Realm of the Last Man.”
Mentioned:
“The End of History?” by Francis Fukuyama
“The Righteous Mind” by Jonathan Haidt
Book Recommendations:
“Recoding America” by Jennifer Pahlka
“Why Nothing Works” by Marc J. Dunkelman
“The God Test” by Robert Wright
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html
This episode of “The Ezra Klein Show” was produced by Jack McCordick. Fact-checking by Michelle Harris, with Julie Beer. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones, Aman Sahota and Gautam Sirkishan. Our recording engineer is Aman Sahota. Cinematography by Marina King. Video editing by Kristen Williamson, Dani Dillon and Brandon Belk-Yee. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Rollin Hu, Kristin Lin, Emma Kehlbeck and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Behind the intense political movements of the last decade, from Trumpism to wokeness and back again, there’s a strange and erratic rhythm. Movements saturate the culture seemingly overnight, only to evaporate or spark backlash just as rapidly. We’re extremely politically engaged, yet we’ve rarely felt so powerless to create lasting policy change.
I haven’t seen many very successful attempts to explain what is driving this volatility. But one concept that has taken off recently, and captures what so many of us are feeling, is “hyperpolitics.”
The idea comes from Anton Jäger, a historian and contributing writer to New York Times Opinion. In his book “Hyperpolitics: Extreme Politicization Without Political Consequences,” Jäger theorizes what it means to live in a moment marked by hyper-engagement — high voter turnout, mass protests, trends that flare up and fade with extreme rapidity — yet where institutional trust is low, institutional relationships are decayed and people are disconnected from the structures that make political efforts stick.
I think Jäger’s theory cuts to the core of this political era. So I invited him on the show to break down what hyperpolitics is, how we got here and what it actually takes to build lasting change today.
Mentioned:
“Hyperpolitics: Extreme Politicization Without Political Consequences” by Anton Jäger
“Hyperpolitics in Command?” by Anton Jäger
“Trump’s Revolutionary Sense of Time Is Changing Politics” by Ivan Krastev
“Public Opinion” by Walter Lippmann
Book Recommendations:
“The Prophet” by Isaac Deutscher
“Cheese” by Willem Elsschot
“Quelques mois dans ma vie” by Michel Houellebecq
“Extension of the Domain of Struggle (Whatever)” by Michel Houellebecq
“Serotonin” by Michel Houellebecq
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html
This episode of “The Ezra Klein Show” was produced by Marie Cascione. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota and Gautam Srikishan. Our recording engineer is Aman Sahota. Cinematography by Marina King and Azamat Yakubov. Video editing by Dani Dillon and Arpita Aneja. Our executive producer is Claire Gordon. The show’s production team also includes Annie Galvin, Rollin Hu, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

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Whatever type of music you love, Rick Rubin has probably left his mark on it. Rubin, a founder of Def Jam Recordings and a former co-chairman of Columbia Records, might be the most influential music producer alive. A very partial roll call of the artists he’s worked with: Johnny Cash, Jay-Z, Run-DMC, Eminem, Beastie Boys, Slayer, The Red Hot Chili Peppers, Kanye West, Neil Diamond, Brandi Carlile and Adele.

We recorded this in 2023, after Rubin released a fascinating, unusual book, “The Creative Act: A Way of Being.” I’d expected stories of late-night sessions with famous musicians, but instead it read like a spiritual tract. Rubin was offering a guide to how to cultivate the mind states that lead to real creativity. And that’s what this conversation was about, too: how to open yourself up more to the world, and learn to trust your own taste.

Rubin’s advice feels more relevant with each passing year, as technology gets ever better at hacking our attention and the world fills with A.I. slop. So I wanted to share this episode again.

Mentioned:

The Tao Te-Ching by Lao Tzu, translated by Stephen Mitchell

“American Recordings” by Johnny Cash

“Pulses” by Steve Reich and Erik Hall

“Music for Wobbling. Music Versus Gravity.” by F.S. Blumm and Nils Frahm

Album recommendations:

“Forever Changes” by Love

“The Beatles” by The Beatles

“Ramones” by Ramones

Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on X @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.

This episode of “The Ezra Klein Show” is produced by Annie Galvin. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld. Our recording engineer is Aman Sahota. Cinematography by Marina King. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Rollin Hu, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser. Special thanks to Jon Caramanica, Dan Charnas, Jack Hamilton, Felix Grimm, Carole Sabouraud and Kristina Samulewski.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A lot of things are on track to get more expensive.

The U.S. Treasury market is the bedrock of the global economy. When yields on those Treasuries go up, mortgages, car loans and credit cards get more expensive, and it can hit the stock market, too. And yields have been going up – to levels we haven’t seen consistently since before the Great Recession – inspiring some erratic and futile efforts from the Trump administration to push them back down.

So why are yields creeping higher? What is the administration trying to do about it? And if this continues, what’s in store for the economy?

Robin Wigglesworth is the editor of the Financial Times blog Alphaville, a host of the podcast “The Story of Money” and the author of the forthcoming book “A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.”

This conversation was recorded on August 24, 2026.

Mentioned:

“An Economic D-Day Is Coming for Iran” by Scott Bessent

Book Recommendations:

Barbarians at the Gate by Bryan Burrough and John Helyar
The Prize by Daniel Yergin
Lords of Finance by Liaquat Ahamed

Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html

This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our recording engineer is Aman Sahota. Cinematography by Marina King. Video editing by Kristen Williamson, Brandon Belk-Yee and Dani Dillon. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.