In the final episode of 2023, Walter and Jeremy take a look back at Chinese spy balloons, Silicon Valley bank failures, Russia's coup manqué, and the dominance of American popular culture.

Each week on What Really Matters, Walter Russell Mead and Jeremy Stern help you understand the news, decide what matters and what doesn’t, and enjoy following the story of America and the world more than you do now. For more, check out tabletmag.com/what-really-matters. You can read Walter Russell Mead’s Tablet column here, and check out more from Tablet here.

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