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The David McWilliams Podcast
MAGA, Mercantilism & Mass Extinction: The Economics of a Shifting World Order
Feb 25, 2025
Anxiety looms over America's changing economic landscape as MAGA economics clashes with traditional Wall Street ideals. The roots of this movement trace back to mercantilism, revealing a complex trade surplus debate. Ireland could become a key player in upcoming trade wars, while Silicon Valley faces a potential mass extinction of unicorn startups due to rising interest rates. The podcast delves into tariffs, the dichotomy between working-class demands and corporate priorities, and the shifting ideologies that threaten to reshape the global economy.
42:34
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Quick takeaways
- MAGA economics reflects a return to mercantilism, emphasizing trade surpluses and framing other nations as economic adversaries, particularly impacting U.S.-Ireland relations.
- A potential mass extinction event looms for Silicon Valley tech companies as rising interest rates challenge their previously inflated valuations and unsustainable growth.
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Book Club Announcement
The upcoming book club in March will feature 'Manias, Panics and Crashes' by Charles Kindleberger, a classic that delves into economic and credit cycles. This book is noted for its insightful exploration of financial crises and offers a comprehensive understanding of how economic behaviors lead to manias and panics. Participants are encouraged to read it before the discussion scheduled for the evening of March 24th. Engaging with this text promises to enhance discussions around current economic situations and historical precedents.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode