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Tesla or an entire home locally. these are things people are concerned about now. >> so you outline all these reasons very well. the thing i'm struck by, if this is going to be a war which cheap is not that important, efficiency is not that important, that's by nature structurally inflationary. so are we entering a world where we're going to be living in a world of inflation, because people are paying extra for national security, for the environment. that's inflationary. >> it's true, cheap isn't cheap. it's never been cheap for workers or the environment. but you're right, as supply chains be...

From the u.s., and cheap energy, in particular russia going into europe. all those things are going away. so this is happening for a lot of reasons. there are geopolitical shifts. covid, war in ukraine. it's made us realize that it matters where we get our energy. it matters where the supply chains are. even if we didn't have such a fractious politics globally, we are moving to a more localized economy for all kinds of reasons. the environment. you look at the emissions cost in transporting cheap goods around the world, and this is something that's changing as we move to a price on carbon at s...

Arabia, or anywhere else, on bended knee and ask for more oil? we have the resources and we have to do it with a climate policy. but we have waited too long. there has to be a coherent, strategic approach to this, and get over the whole progressive thing that we can't talk to oil companies. if the biden administration doesn't get a coherent policy together, if the energy secretary, who has been missing in action, doesn't get the group together, we need to have a coherent policy that maximizes economic and climate security, if not, we're going to beg every six months for somebody else to fill i...

Third term to xi jinping, kremgt his position to one of china's most powerful leaders. what agenda will china set for the next five years and beyond? joining me now is a former prime minister of australia, now the president and ceo of the asian society, and this year released an important new book called "the avoidable war, the dangers of a catastrophic conflict between the united states and xi jinping's china." kevin, welcome. i want to ask you about this party congress. we look at china right now and we see a lot of problems. we see a covid policy that isn't working. we see an economy that's...

Did to ukrainians in bucha. >> translator: civilians were crushed by tanks while sitting in their cars in the middle of the road. just for their pleasure. they cut off limbs, slashed their throats, women raped and killed in front of their children. their tongues were pulled out only because the aggressor did not hear what they wanted to hear from them. >> the former australian prime minister kevin rudd, now he's the president of asia society policy institute and author of the book "the avoidable war: the dangers of a catastrophic conflict between the u.s. and xi jinping's china." right here on...