Ones and Tooze

One of the most surprising data points to emerge from the U.S. election last week was a significant swing toward Donald Trump among the poorest of U.S. voters—those who earn less than $50,000 a year. The shift seems to be part of a broader political trend, and it raises a question about class and politics in the United States: Why are poor people supporting a candidate whose policies have generally benefited the rich? Adam and Cameron dig in. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron discuss how President-elect Donald Trump’s second term will affect U.S. policy around the world. In order to keep Ones and Tooze going, we’re planning to start a membership program. This is a chance for listeners to tell us what kind of extra content they’d want to hear. Interviews? Listener questions? A Ones and Tooze book club? Please click on the link below and fill out the survey. https://bit.ly/3NBskqM Learn more about your ad choices. Visit megaphone.fm/adchoices

The economic platforms of Harris and Trump contrast sharply. But will this election change the country's economic trajectory? Adam and Cameron dig in. Also on the show: Everything you wanted to know about the North Korean military. And a note from Adam and Cameron: In order to keep Ones and Tooze going, we're planning to start a membership program. This is a chance for listeners to tell us what kind of extra content they'd want to hear. Interviews? Listener questions? A Ones and Tooze book club? Please click on the link below and fill out the survey. https://bit.ly/3NBskqM Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

More than a million people applied for asylum in Europe last year—helping to stoke an immigration backlash on the continent. Even some centrist governments across Europe are adopting far-right policies on immigration and asylum. Adam and Cameron discuss. Also on the show: The World Bank and global poverty. You can find the link to our membership survey here: https://bit.ly/3NBskqM. We appreciate your input and ideas! Learn more about your ad choices. Visit megaphone.fm/adchoices

As China prepares a raft of stimulus measures to reboot the country’s domestic economy, Adam and Cameron discuss whether or not the measures will be effective. Also on the show: Adam and Cameron continue their tradition of discussing the annual Nobel Memorial Prize in Economic Sciences. The 2024 prize went to Daron Acemoglu, Simon Johnson, and James A. Robinson, whose work helped highlight differences in prosperity between nations. To learn more about their work, check out this paper by the three winners on the causes of long-run growth: https://www.nber.org/papers/w10481 Learn more about your ad choices. Visit megaphone.fm/adchoices

Weeks before the presidential election, Adam and Cameron discuss the state of Donald Trump’s financial empire. He got his start in the New York City real estate market and made more money—and became more famous—as the host of a reality television show. But Trump is also a social media executive and cryptocurrency trader. If elected, does he stand to benefit from his economic program of high tariffs and a weaker dollar? Also on the show: Pumpkin spice has become a billion-dollar industry worldwide. How did that happen? Learn more about your ad choices. Visit megaphone.fm/adchoices

On Oct. 7, 3023, Hamas militants attacked southern Israel and killed some 1,200 people. Israel responded with an invasion of Gaza, killing more than 41,000 Palestinians so far, most of them civilians. On this episode, Adam and Cameron consider the economic impact of the war on Gaza, Israel, and other parts of the region. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron taped this episode in front of a live audience at the Caveat Theater in New York City. They talk about the life and ideas of economist John Maynard Keynes. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosts Cameron Abadi and Adam Tooze take to the stage in front of a live audience at the Sixth and I Historic Synagogue in Washington, D.C., for a wide-ranging discussion. Their conversation touches on topics as varied as Adam’s quest for U.S. citizenship, former European Central Bank President Mario Draghi’s dire report on the state of Europe’s economy, and what to make of some of the swing states in the upcoming U.S. presidential election. Learn more about your ad choices. Visit megaphone.fm/adchoices

With data showing a weakened labor market and a potential recession on the horizon in the United States, the Federal Reserve is expected to cut interest rates. Adam and Cameron discuss what it means for the economy. Come see Adam and Cameron’s live taping in Washington, D.C. on September 17 at the beautiful Sixth and I venue. Or purchase VIP tickets and meet them in person. Follow the link below for details. https://www.sixthandi.org/event/foreign-policys-ones-and-tooze-podcast/ Brought to you by: https://flip2024.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s episode, hosts Adam Tooze and Cameron Abadi discuss climate policy and how it’s playing out on both sides of the Atlantic. In the first half of the show, they look into the effectiveness of the Inflation Reduction Act, which passed in the United States in 2022, and how it’s faring two years later. Then they direct their focus on efforts to reduce carbon emissions in Germany and see what has been effective and where there are stumbling blocks. --- Adam and Cameron’s live taping next month in New York is sold out. But there are still tickets available for the live show in Washington, D.C. Follow the link below for tickets. Sixth & I in Washington, DC, on Tuesday, September 17. https://www.sixthandi.org/event/foreign-policys-ones-and-tooze-podcast/ --- Cameron’s book Climate Radicals is on sale Sept. 10 and and available for pre-order now: https://amzn.to/3ASyK1v *FP earns an affiliate commission on anything purchased through links to Amazon.com on this page. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

The Lebanese pound has lost 98 percent of its value since 2019—just one sign among many that the country’s economy is in free fall. Cameron and Adam dig in. Also on the show, another installment in the series on U.S. swing states—this time, Michigan. --- Adam and Cameron’s live taping next month in New York is sold out. But there are still tickets available for the live show in Washington, D.C. Follow the link below for tickets. Sixth & I in Washington, DC, on Tuesday, September 17. https://www.sixthandi.org/event/foreign-policys-ones-and-tooze-podcast/ Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

With a 20 percent hike in the cost of food, Democratic presidential candidate Kamala Harris is vowing to crack down on price-gouging. But is that what grocery chains are doing? Adam and Cameron discuss. Also on the show, how the political tumult in Bangladesh will affect the country's economy. ------ Adam and Cameron will be doing two live shows next month—one in Washington, D.C., and the other in New York City. Follow the links below for tickets. Sixth & I in Washington, DC, on Tuesday, September 17. https://www.sixthandi.org/event/foreign-policys-ones-and-tooze-podcast/ The Caveat in New York City on Wednesday, September 25. https://www.caveat.nyc/events/ones-and-tooze-9-25-2024 Learn more about your ad choices. Visit megaphone.fm/adchoices

After a U.S. district court determined that Google was violating antitrust laws with its Chrome browser, Justice Department officials are weighing whether to break up the company. Adam and Cameron discuss what it would mean. Also on the show, Part One in an occasional series on U.S. swing states. This week: Minnesota. Adam and Cameron will be doing two live shows next month—one in Washington, D.C., and the other in New York City. Follow the links below for tickets. Sixth & I in Washington, DC, on Tuesday, September 17. https://www.sixthandi.org/event/foreign-policys-ones-and-tooze-podcast/ The Caveat in New York City on Wednesday, September 25. https://www.caveat.nyc/events/ones-and-tooze-9-25-2024 Learn more about your ad choices. Visit megaphone.fm/adchoices

Did international markets overreact to the job data earlier in the week? Or is the United States entering a recession? Also: Adam and Cameron will be doing two live shows next month—one in Washington, D.C., and the other in New York City. Follow the links below for tickets. Sixth & I in Washington, DC, Tuesday, September 17. https://www.sixthandi.org/event/foreign-policys-ones-and-tooze-podcast/ The Caveat in New York City on Wednesday, September 25. https://www.caveat.nyc/events/ones-and-tooze-9-25-2024 Learn more about your ad choices. Visit megaphone.fm/adchoices

As millions of people around the globe tune into the 2024 Paris Olympics, hosts Cameron Abadi and Adam Tooze peer into some of the economic questions around the spectacle. The two look into the cost of hosting, how much money it takes to be an athlete, and the relationship between expected medal count and a country’s GDP. Tickets to the live show: https://www.sixthandi.org/event/foreign-policys-ones-and-tooze-podcast/ Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe Biden still has six months left in his presidency, but it’s not too early to size up his economic legacy. Adam and Cameron dig in. And here's an announcement: Adam and Cameron will be recording a live show in Washington, D.C., on Sept. 17 at the historic Sixth & I building. Follow the link below for tickets. Don’t wait! Other Ones & Tooze live shows have sold out quickly. https://www.eventbrite.com/e/foreign-policys-ones-and-tooze-live-tickets-949344052617?aff=oddtdtcreator Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode, hosts Cameron Abadi and Adam Tooze examine the economic policies of the Republican Party and what might happen should Trump win the upcoming U.S. presidential election. They also discuss how issues such as a stricter immigration policy and higher tariffs could have an adverse impact on inflation and how much weight should be given to campaign messaging versus the realities of enacting law. In the second segment, the two look at the debt owed by Ukraine, who holds it, and how it puts yet another painful strain on the country that’s already been devastated by years of war with Russia. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode, hosts Cameron Abadi and Adam Tooze discuss electoral politics in the United States and Britain. In the first segment, the two look at the career of U.S. Vice President Kamala Harris. Harris is being talked about as a potential replacement candidate for Joe Biden should he decide to no longer pursue a second term. The second segment analyzes the economic ramifications of the recent U.K. elections, where the Labour Party won in a landslide, ushering in new Prime Minister Keir Starmer. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the U.S. presidential election draws closer, hosts Cameron Abadi and Adam Tooze look at how the current climate of elevated inflation and economic discontent translates into political instability. They focus their attention by comparing these times to Weimar Germany, an era that lasted between World War I and the rise of the Nazi dictatorship. That brief democratic period also famously had high inflation and eventually collapsed into outright dictatorship. In this episode, the two dig into the economics of Weimar Germany and consider where exactly the analogy with the United States lines up and where it doesn’t. Special thanks to listener Nick Page for the idea for this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

A snap election called in France could lift the far-right National Rally to power. Adam and Cameron discuss the economic conditions that facilitated the party's rise. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron discuss the Tour de France—its historical and economic dimensions. Also on the show: The Chiquita verdict. Learn more about your ad choices. Visit megaphone.fm/adchoices

Russia’s economy is growing at a healthy clip despite international sanctions that the country has endured for more than two years. How did that happen? And why did Russian President Vladimir Putin just appoint an economist—Andrei Belousov—as his new defense minister? Cameron and Adam dig in. Learn more about your ad choices. Visit megaphone.fm/adchoices

The conviction of former U.S. President Donald Trump on 34 felony charges raises profound political questions but also some economic ones. Adam and Cameron dig in. Also on the show: An economic perspective on D-Day—the Allied invasion of Normandy that began 80 years ago on June 6. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

European Union elections in the coming week will likely see a surge in support for populist right-wing parties. Adam and Cameron discuss the economics of the European Parliament. Also on the show: What the UEFA Champions League final between Borussia Dortmund and Real Madrid tells about Germany’s Ruhr valley. Learn more about your ad choices. Visit megaphone.fm/adchoices

We're popping up in your feed between episodes of Ones and Tooze to introduce you to a different show—produced by the team at Foreign Policy, in partnership with Doha Debates. The Negotiators, available exclusively on Wondery+, focuses on some of the most dramatic negotiations around the world—from diplomacy, to hostage crises, to labor disputes and more. On season 4, The Afghan Impasse, we explore why diplomats failed over 20 years to broker a peace agreement in Afghanistan. This is a preview of episode 1, Original Sin, from reporter Soraya Lennie. You can listen to the rest of this episode, and all seven episodes of The Negotiators - The Afghan Impasse, exclusively and ad-free with Wondery+. You can find the show and join Wondery+ in the Wondery App or Apple Podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

The recent attempt on the life of Slovakian Prime Minister Robert Fico raises questions for Adam and Cameron. Do political assassinations mainly occur in advanced economies? Do they tend to bring about change or reinforce the status quo? And what does it cost to hire a hit man? Also on the show: The economics of holiday grilling. Learn more about your ad choices. Visit megaphone.fm/adchoices

How successful is the American singer-songwriter Beyoncé? When she performed in Sweden last year, the event caused an uptick in the country’s inflation. Adam and Cameron explain. Also on the show: The economics of Immanuel Kant. Learn more about your ad choices. Visit megaphone.fm/adchoices

Elon Musk's car company Tesla is in trouble. Its share price has plunged since the start of the year and the company has laid off thousands of employees. Adam and Cameron dig into the problems at Tesla and the reasons electric car companies in China are doing better. Learn more about your ad choices. Visit megaphone.fm/adchoices

With students at Columbia and other universities across the country demanding that their schools divest from Israel over the war in Gaza, Adam and Cameron discuss the economic angle: endowments, investments, and billionaire donors. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

The new film Civil War, which follows a group of journalists making their way across a swath of fractured and war-torn America, is a box-office hit. It’s also an opportunity for Adam and Cameron to speculate on the economic implications of a real civil war in the United States. For more podcasts, check out the latest episode of Disorder, 'How Small States Can Save the World,' featuring Former President of Armenia Dr Armen Sarkissian: https://linktr.ee/disorderpod Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode features a live taping Adam and Cameron did at the John Hopkins School of Advanced International Studies in Washington, DC—covering the possible impact of a wider war in the Middle East and the economics of a future Biden or Trump administration. For more podcasts, check out the latest episode of Disorder, 'How Small States Can Save the World,' featuring Former President of Armenia Dr Armen Sarkissian: https://linktr.ee/disorderpod Learn more about your ad choices. Visit megaphone.fm/adchoices

As the Israel-Hamas war drags on, about half of the Palestinians in Gaza are on the brink of famine, and the other half are experiencing acute food insecurity. Adam and Cameron discuss how humanitarian aid works in a crisis zone and what it would take to rebuild Gaza. Learn more about your ad choices. Visit megaphone.fm/adchoices

It will cost up to $3 billion to replace the Francis Scott Key Bridge in the U.S. city of Baltimore, Maryland, which collapsed last month after it was struck by a container ship. Adam and Cameron discuss the implications for the city of Baltimore, the insurance industry, and global shipping. Also on the show: The economics of Tajikistan. Learn more about your ad choices. Visit megaphone.fm/adchoices

To mark the Easter holiday, Adam and Cameron discuss the economic thinking of Pope Francis and how it strays from the traditional approach of the Catholic Church. Brought to you by: betterhelp.com/onestooze crashplan.com/ones Learn more about your ad choices. Visit megaphone.fm/adchoices

This is the fourth installment of a mini series on the long shadow of COVID-19, marking four years since the start of the coronavirus. In this final segment, Adam and Cameron discuss whether the world is now better equipped to respond to similar crises. Also on the show: The economics of resort hotels. Learn more about your ad choices. Visit megaphone.fm/adchoices

To mark four years since the start of the COVID-19 pandemic, Adam and Cameron are talking about the long shadow of the coronavirus. In Part 3, they look at how the pandemic affected the global economy. Also on the show: China's economy is facing a major rebalancing. Can it keep rising? Learn more about your ad choices. Visit megaphone.fm/adchoices

To mark four years since the start of the COVID-19 pandemic, Adam and Cameron are talking about the long shadow of the coronavirus. In Part 2, they look at the economic impact of long COVID—which afflicts about 10 percent of people who contract the coronavirus. Also on the show, coinciding with the night of the Oscars: The economics of Oppenheimer’s Manhattan Project—the U.S. endeavor to build the first nuclear bomb. Learn more about your ad choices. Visit megaphone.fm/adchoices

To mark four years since the start of the COVID-19 pandemic, Adam and Cameron are launching a miniseries: four episodes on the long shadow of the coronavirus. In Part 1, they look at its impact on the commercial real estate market. Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States’ top leaders are older than ever. Is capitalism inherently gerontocratic? Do older leaders govern better or worse historically? And could a leader’s advanced age sap economic confidence and have a pocketbook effect? Adam and Cameron dig in. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

Prabowo Subianto is on track to win the presidential election in Indonesia, raising concerns about a backslide towards authoritarianism in the world's third largest democracy. Adam and Cameron discuss the political and economic implications. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s episode, Adam and Cameron look at the political realities as they assess both the United States’ and the European Union’s willingness to continue funding Ukraine’s efforts to defend itself against Russia. In the second segment, the two take a historic look back at how Las Vegas became Sin City and whether or not having a “fun” economy is beneficial to residents in the long term. Learn more about your ad choices. Visit megaphone.fm/adchoices

The market value of Novo Nordisk, the Danish company that makes the weight loss drugs Wegovy and Ozempic, hit $500 billion this past week—a rare achievement for a European firm. Novo Nordisk is owned by a non-profit foundation, which gives the company an unusual corporate structure. Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices

Boeing's stock price has fallen by 14 percent since a hole blew open on one of its 737 Max 9 planes mid flight earlier this month. The plane has had other safety issues over the years. What are the implications for Boeing and its European rival, Airbus? Adam and Cameron dig in. Learn more about your ad choices. Visit megaphone.fm/adchoices

The attacks by Houthi militants on cargo ships in and around the Red Sea is posing a serious threat to global trade—serious enough to prompt American-led air strikes on the group in Yemen. Thirty percent of all global containers pass through the Red Sea Strait. Adam and Cameron discuss the economic implications. Learn more about your ad choices. Visit megaphone.fm/adchoices

The theme of the 54th annual meeting of the World Economic Forum at Davos is "Rebuilding Trust." Do the rich and powerful have our trust? Do they deserve it? Adam and Cameron dig in. Also on the show: Will the Biden administration block the $14.1 billion bid by Japan's Nippon Steel to take over U.S. Steel? Learn more about your ad choices. Visit megaphone.fm/adchoices

In the coming year, a record number of elections will be held around the world, including in Taiwan, India, Britain, the European Union, and the United States. Adam and Cameron look ahead at 2024 and specifically at the potential impact of these elections. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron look at the biggest economic stories of 2023, from inflation surges to the declining growth rate in China to the impact of artificial intelligence on jobs and life generally. Learn more about your ad choices. Visit megaphone.fm/adchoices

Just in time for Christmas, Adam and Cameron talk all things Santa and touch on topics ranging from elves, to reindeer, to the political status of the North Pole, in a tongue in cheek look in the holiday. Adam does his best to give real economical analysis to some farcical questions while also offering insight and historical perspective to the holiday celebrated across the globe. Learn more about your ad choices. Visit megaphone.fm/adchoices

Member states at the U.N.-led conference on climate change in Dubai have agreed to "transition away" from fossil fuels. Was it an unprecedented deal or a vague agreement that amounts to very little? Adam and Cameron dig in. Also on the show: Germany's 17 billion euro budget crisis. Learn more about your ad choices. Visit megaphone.fm/adchoices

Argentina's new president, Javier Milei, is a far-right libertarian and former television personality. He's also an economist who has promised to slash spending and close the country's central bank. Adam and Cameron dig in. Learn more about your ad choices. Visit megaphone.fm/adchoices

Filmmaker Ridley Scott's movie on Napoleon Bonaparte is an ambitious portrayal of a man considered one of the greatest military commanders in history. It's also the worst film Adam has ever seen. On this episode, Adam and Cameron discuss the movie and the man—including his economic policies. Brought to you by: betterhelp.com/onestooze https://www.npr.org/podcasts/510289/planet-money factormeals.com/ones50 Learn more about your ad choices. Visit megaphone.fm/adchoices

Wars and climate change around the world have had a huge impact on the insurance industry and the way it assesses risk. Adam and Cameron break it down. Learn more about your ad choices. Visit megaphone.fm/adchoices

A 5,000-word essay titled “The Techno-Optimist Manifesto” is getting a lot of attention in Silicon Valley and elsewhere. Written by the venture capitalist Marc Andreessen, the essay is a paean to technology as a driver of wealth and happiness but also a jingoistic glorification of late-stage capitalism and American nationalism. Adam and Cameron discuss. Brought to you by: factormeals.com/ones50 Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Adam and Cameron talk about the United Nations, which operates on an annual budget of $3.4 billion. The money is provided by member states but what does it buy them? Also on the show: The economics of Sweden. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cam do a live show at the Hertie School in Berlin. The two discuss topics including German political parties, Germany’s relationship to Israel, the efficacy of border walls both physical and virtual, and the state of higher education in Germany. Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2023 U.S. deficit is expected to be around $2 trillion — about double the size of the 2022 fiscal year. Adam tends to be less concerned with deficits than other economic experts. But how does he feel about it this time? On today’s episode, Adam and Cameron analyze the current deficit. Then, they explore the World Series in baseball. Tickets for the livestream of our Oct 27 event in Berlin are still on sale: https://www.hertie-school.org/en/events/event-detail/event/ones-and-tooze-live-in-berlin Learn more about your ad choices. Visit megaphone.fm/adchoices

Egypt is struggling economically. Now it’s also facing pressure from the war between Israel and Hamas in the neighboring Gaza Strip. Adam and Cameron dig in. Also: Harvard University professor and economic historian Claudia Goldin won the Nobel Prize in economics this year for her work studying the gender pay gap. What does that work tell us about today’s labor force? For other podcasts, check out: https://www.npr.org/podcasts/510289/planet-money https://www.goalhangerpodcasts.com/disorder Learn more about your ad choices. Visit megaphone.fm/adchoices

Hamas’s attack on Israel and the coming Israeli ground offensive in Gaza have significant economic implications for both sides. Adam and Cameron explore. Hey, Ones and Tooze listeners in Berlin! After the success of the last live show, Adam and Cameron are going to be doing another live taping on Oct. 27 at 7 p.m. at the Hertie School (Friedrichstraße 180, 10117 Berlin, Germany). Tickets are going quickly. Purchase them here: https://www.podfestberlin.com/event-details/ones-and-tooze-live-in-berlin Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron devote the entire episode to looking at all aspects of migration as the number of asylum-seekers in Europe is on pace to hit a record 1 million this year. Adam discusses how economically speaking migration is a net-plus for most countries and how it’s vital to invest in housing and other infrastructure in order to absorb new populations. Hey, Ones and Tooze listeners in Berlin! After the success of the last live show, Adam and Cameron are going to be doing another live taping on Oct. 27 at 7 p.m. at the Hertie School (Friedrichstraße 180, 10117 Berlin, Germany). Tickets are on sale now. Purchase them here: https://www.podfestberlin.com/event-details/ones-and-tooze-live-in-berlin Learn more about your ad choices. Visit megaphone.fm/adchoices

The strike of United Auto Workers raises thorny questions not just about labor in the United States—but also about the fight against climate change. Adam and Cameron dig in. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron answer more listener questions, this week about inflation. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Adam and Cameron mark two years since the start of the podcast. They spend the episode answering listener questions on China. To sign up for Foreign Policy's excellent weekly newsletter on China for free, go to: https://foreignpolicy.com/category/china-brief/ Brought to you by: betterhelp.com/OnesTooze Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire George Soros has been funding democracy promotion around the world for decades, through his Open Society Foundations. For his efforts, he has become a bogeyman for the far right. But what economic philosophies drive Soros’s charity work? And how do they align with the business strategies that made him so fabulously wealthy? Adam and Cameron dig in. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron discuss the common pencil—both a must-have back-to-school item and a metaphor for the free-market economy. Also on the show: The economics of Mongolia. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economic growth in Japan is surging while the U.K. continues its long slump. Adam and Cameron explain what's driving the trends in each country. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are Western sanctions on Russia working? The Russian central bank raised interest rates by a dramatic 3.5 percent in the past week after the ruble dropped sharply—clear signs that the Russian economy is faltering. But in many ways, Moscow has defied expectations. Adam and Cameron explain how. Also on the show: the economics of Niger. Learn more about your ad choices. Visit megaphone.fm/adchoices

China is facing a crisis in its real estate market that threatens to impact its economy overall. Adam and Cameron explore the broader issues in China accounting for the slowdown. Learn more about your ad choices. Visit megaphone.fm/adchoices

The government of Prime Minister Benjamin Netanyahu has been moving Israel steadily toward authoritarianism, with a series of proposed laws designed to weaken the country’s Supreme Court. In response, many thousands of Israelis have protested, high-tech companies have pulled out, and credit rating agencies are issuing warnings about investment in Israel. Cameron and Adam discuss how all this will impact Israel’s economy and the country’s future. Learn more about your ad choices. Visit megaphone.fm/adchoices

For a bonus listen this week, we're sharing an episode from The Hidden Economics of Remarkable Women, a podcast from FP about women creating change through economic empowerment, hosted by Reena Ninan. The latest season focuses on the role of male allies. When are they effective? Why are they doing this work? And how do they influence men and boys? In this episode, hear how two groups of allies in South Africa are working to end gender-based violence in their country. Learn more about your ad choices. Visit megaphone.fm/adchoices

What is U.S. President Joe Biden's economic philosophy? Post-neoliberal? Or maybe pre-neoliberal? Or something else altogether? Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices

The old debate over equity in Hollywood has become much more complicated thanks to streaming services and artificial intelligence. Adam and Cameron break it down. Learn more about your ad choices. Visit megaphone.fm/adchoices

Addressing crises around the world from climate change to poverty will require spending many trillions of dollars. Yet the T-word remains a taboo among politicians. On this episode, Adam and Cameron discuss why we need to embrace it. Also on the show: The economics of cigarettes. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Apple became the first company ever to reach a valuation of $3 trillion. Is the company that Steve Jobs built really worth that much? Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices

The mutiny in Russia led by Yevgeny Prigozhin this past week raises tough questions about the future of President Vladimir Putin. Adam and Cameron discuss the military and economic implications. Also on the show: The economics of fireworks. Learn more about your ad choices. Visit megaphone.fm/adchoices

Europeans recall a time when the European Union’s economy was substantially larger than America’s. But in the past 15 years, the United States has surged, while Europe has declined. On the show this week, Adam and Cameron discuss why that is and what the implications are on both sides of the Atlantic. Also on the show: the economics of drones. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's episode, Adam and Cam look at the devastating impact Russia's war on Ukraine has had on Ukraine's infrastructure - in particular the destruction of the Kakhovka dam. In the second segment, the two reflect back on the life of former Italian Prime Minister Silvio Berlusconi and try to parse out how much his personal scandals impacted the national economy.  Learn more about your ad choices. Visit megaphone.fm/adchoices

An exhibition in Amsterdam of the Dutch painter Johannes Vermeer's works has been sold out for months. But what's in it for the museum hosting the collection? Adam and Cameron discuss the economics of high art and blockbuster art shows. Also on the podcast: The economics of professional basketball. Learn more about your ad choices. Visit megaphone.fm/adchoices

As a special bonus this week, U.S. climate envoy John Kerry joins Foreign Policy’s editor in chief Ravi Agrawal on our new show, Foreign Policy Live. Each week, Agrawal sits down with world leaders and policy experts on the issues that matter most to you. Watch these conversations live by going to foreignpolicy.com/live or listen to the podcast every Friday. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's a great time to be in the AI business. Just ask Nvidia, the AI chip company that doubled in value this year. Cameron and Adam discuss whether it's overvalued... or worth every penny. Also on the show: the economics of Mexico. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is a recording of a live show Adam and Cameron held at the Prachtwerk in Berlin on May 25, 2023. Topics include the American debt ceiling and Germany's role in the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Turkish President Recep Tayyip Erdoğan's unorthodox monetary policies have caused surging inflation and a currency crisis. And, yet, most voters don't seem to mind. Adam and Cameron analyze Turkey's economy and politics in this episode. Also on the show: Why is olive oil suddenly so expensive? Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode Cameron and Adam take a look at the emergence of green hydrogen and its potential for being a major boon to places like Africa and India. Adam also talks about how this green energy source ,which generates a tremendous amount of heat, will help reduce emissions for creating steel and other industrial processes. In the second segment, grab your backpack, Cameron and Adam take a look at European travel on the cheap. They discuss low cost travel options, hosteling, and which European countries offer the most bang for the buck. (Hint...try Albania!) Learn more about your ad choices. Visit megaphone.fm/adchoices

JPMorgan Chase has come to the rescue of the banking industry once again by buying the doomed First Republic Bank. On this week's show, Adam and Cameron discuss what JPMorgan gets from the deal (spoiler alert: higher profits and even more sway in the U.S. financial system). Learn more about your ad choices. Visit megaphone.fm/adchoices

The Biden administration has a tough dilemma to work out: how to push back against China's geopolitical ambitions while also maintaining vital economic ties. In this episode Adam and Cameron explore what levers are available to the US and its EU partners to still exert influence and why in the end the existing world powers may need to completely rethink China's role in global institutions. And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Tickets are almost all sold out so don't wait! https://www.podfestberlin.com/event-details/ones-and-tooze-live Learn more about your ad choices. Visit megaphone.fm/adchoices

Iran and Saudi Arabia are exchanging ambassadors a month after announcing their resumptions of diplomatic ties. What will this detente mean for economics in the region? And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Their last show in New York City sold out quickly, so don’t wait! https://www.podfestberlin.com/event-details/ones-and-tooze-live Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, Cameron and Adam discuss the Nike Air juggernaut: how Michael Jordan's basketball shoes became a multi-billion dollar enterprise. Also on the show, how austerity measures in Greece contributed a deadly train crash there earlier this year. And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Their last show in New York City sold out quickly, so don’t wait! https://www.podfestberlin.com/event-details/ones-and-tooze-live Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on the show, Adam and Cameron discuss the economy of South Africa, which has come a long way since the end of apartheid in 1990. South Africa is now number 36 on the list of countries ranked according to GDP. But deep economic inequalities persist, as a legacy of the apartheid era. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosts Cameron Abadi and Adam Tooze talk about Berlin, Cam’s home town, on this week’s episode. They grapple with the recent mayoral election and what it says about the economy there.  Before that, Cam and Adam dig into climate change news. According to the latest report from the Intergovernmental Panel on Climate Change (IPCC), it seems increasingly unlikely the world will be able to limit global warming to 1.5°C. Adam and Cam discuss what countries should be doing with this new information. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's been 20 years since the U.S. invaded Iraq and the toll continues to mount. Hundreds of thousands died in the fighting and millions were displaced, when you count the ancillary wars that rippled across the region. Adam and Cameron focus their discussion this week on Iraq's economy, which was devastated by the war and has never fully recovered. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam and Cameron discuss what really caused Silicon Valley Bank to collapse and what other potential calamities to look for in the coming weeks and months. Learn more about your ad choices. Visit megaphone.fm/adchoices

Environmentally conscious investing has been a thing for at least two decades now, with many corporations around the world embracing it. But the backlash is now a thing as well, driven largely by anti-woke activists and lawmakers. On the show this week, Adam and Cameron explain the mechanics of ESG—environmental, social and governance investing—and break down the arguments for and against. Also on the show: The economics of divorce. Learn more about your ad choices. Visit megaphone.fm/adchoices

According to the Bureau of Labor Statistics, U.S. inflation rates only rose by half a percentage point in January – the slowest annual rate for inflation in more than a year. Still, after periods of inflation, most economists expect a recession in the near future. But will it be a hard landing recession with many job losses, or a less painful soft landing? On this week’s episode, hosts Cameron Abadi and Adam Tooze discuss how plausible a soft landing scenario may be. Plus: the financials of therapy, the fourth part of Adam and Cam's special series on the economics of love. Learn more about your ad choices. Visit megaphone.fm/adchoices

Poland has had an incredible economic rise since the collapse of communism, even as its government has become increasingly illiberal. Are the two things connected? Or contradictory? Adam and Cameron dig in. Also on the episode: The economics of marriage. Learn more about your ad choices. Visit megaphone.fm/adchoices

As Elon Musk's fortune dwindles to a mere $190 billion, a new oligarch has been crowned the richest person in the world: Bernard Arnault of France. On the episode this week, Cameron and Adam discuss how Arnault made his money and what his empire tells us about his home country. Also on the show: the economics of chocolate. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week's episode happens to overlap with Valentine's Day, so we thought we'd use that as an opportunity to start a new series on the economics of love. For the next several weeks, we're going to be spending part of every show talking about romantic relationships from an economic perspective. We thought we'd start this week with the place that most romantic relationships tend to start, and that is with dating, specifically with dating apps. And the data point there is 39 39%. That is the share of all heterosexual couples who now report having met their partner online. That makes online including dating apps the most popular single method of meeting a romantic partner more popular than all the traditional avenues, whether through family friends at a bar, their work, church in the neighborhood, etc.. And actually, that means heterosexual couples are only now catching up to same sex couples. 65% of same sex couples say they met their partner online. So they have been ahead of the curve. All this adds up to dating apps, being in the center of our national romantic life. So we thought we'd dig in... Learn more about your ad choices. Visit megaphone.fm/adchoices

A special bonus this week, we share an episode from Heat of The Moment, a podcast from FP and the Climate Investment Funds which offers a hopeful perspective on the climate crisis. The latest season focuses on a "just transition," the idea that as we shift to climate-smarter energy, food systems, infrastructure, and more, we bring everyone along. Also that the communities and industries who historically made their living from fossil fuels or unsustainable practices, for example, aren't left behind. And that those most vulnerable to the effects of this transition are heard and also reap the benefits of this new economy. Follow the series here on Apple or wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

When activist short-seller Hindenburg Research issued a scathing report about the Adani Group this past week, the value of the Indian conglomerate plunged quickly. Adam and Cameron discuss Hindenburg's findings and what they say about the Indian economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

With news that Western countries will send tanks to Ukraine, Cameron and Adam discuss how the weapon system could help fend off Russia—and why it won't. Learn more about your ad choices. Visit megaphone.fm/adchoices