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Economist Podcasts

Spies isn’t everything: Putin’s global-chaos machine

Oct 21, 2024
Shoshank Joshi, Defense editor for The Economist, reveals how Russia is expertly orchestrating chaos globally, including election interference and disinformation tactics. Callum Williams, Senior economics writer, tackles inefficiencies in government spending, suggesting that raising taxes might be a pragmatic approach. Meanwhile, Maria Vilcek, News editor, reflects on the cultural significance of baked beans in Britain, discussing their evolution and the rise of trendy alternatives. Together, they offer a compelling exploration of power, politics, and culinary shifts.
24:30

Podcast summary created with Snipd AI

Quick takeaways

  • The paradox of growing government size leading to inefficiency contrasts with the urgent need for effective public service delivery amid rising entitlement spending.
  • Russia's aggressive global tactics, marked by sabotage and disinformation campaigns, highlight a troubling shift in its international behavior and confrontation with the West.

Deep dives

Growing Inefficiencies in Government

Governments in the rich world are becoming larger yet less effective, posing a significant paradox in public administration. As these entities expand, they account for approximately 40% of GDP, a noticeable increase from about 30% in the 1960s. However, this growth in size has not translated into improved efficiency in service delivery, exemplified by infrastructure spending in the U.S. declining despite previous promises for enhancement, alongside the struggles of the U.K.'s National Health Service to show any meaningful improvement. These inefficiencies stem from a shift in government spending priorities, with significantly more resources now allocated to entitlement programs rather than essential public services, leading to a system unable to effectively deliver on its promises.

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