Explore the intricacies of state management in React applications through this insightful conference talk from React Advanced 2021. Delve into the challenges of managing state and handling race conditions, and discover how finite state machines can provide a structured approach to building components while eliminating common bugs. Learn to construct a finite state machine and witness its practical implementation in React development. Gain valuable insights into creating more robust and maintainable React applications by leveraging this powerful state management technique.