In this episode of the Economist Intelligence podcast, we explore three key topics: the shifting military balance between the US and China, the downturn in luxury e-commerce, and the poignant story of Ecuador's last ice harvester.
First, we discuss how China is swiftly modernizing its military, especially its navy and air force, while the US still holds an edge in experience and certain technologies. Next, we delve into the luxury online market, which is facing challenges due to economic pressures and evolving consumer tastes. A smaller, more agile company is set to acquire a larger competitor that is struggling to keep up. Lastly, we reflect on the life of Balthazar Uscha, whose ice harvesting profession is threatened by climate change as glaciers continue to shrink, highlighting the broader impact on traditional livelihoods.
