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Economics Explained

Latest episodes

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Feb 15, 2024 • 17min

Eritrea Is the Worst Economy on Earth

A podcast discusses Eritrea's dire economic situation, calling it the worst economy on Earth. The country is a military dictatorship and lacks free markets and trading partners. Its high debt to GDP ratio is due to its critical region for international shipping. Life in Eritrea is incredibly challenging.
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Feb 10, 2024 • 16min

Is Capitalism Inevitable?

The podcast discusses the concept of capitalism and its development, benefits like capital growth and innovation, drawbacks such as inequality and resource exploitation. It explores the advantages and disadvantages of capitalism, including its ability to stimulate economic growth, criticisms of wealth inequality and private ownership of land. The chapter also explores how expensive land can hinder economic output and the challenges of coordinating labor in capitalism.
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Feb 7, 2024 • 13min

What Does the World Economic Forum Really Do?

Exploring the World Economic Forum's controversial image, the podcast discusses Davos Summit, the forum's origins, contradictions, and criticisms. Unveiling the controversies surrounding Davos, including environmental messaging, sponsorship, hidden agendas, and the 'Great Reset' theme.
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Feb 3, 2024 • 17min

The Rather Pathetic Economy of the Roman Empire

Exploring the economic weaknesses of the Roman Empire despite its architectural feats, analyzing GDP measurement challenges and wealth disparity between ancient and modern economies, discussing the reliance on manpower and lack of technological advancements, and comparing Rome's GDP per capita to present-day countries like Ethiopia and Rwanda.
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Jan 29, 2024 • 19min

France Could Be Heading for Economic Collapse

France's slow approach to industrialization has resulted in a lack of competitiveness and brain drain. The podcast discusses the need for France to reshape its economy to stay internationally competitive. It explores the impact of government intervention and state-owned enterprises on efficiency and output. France's economic challenges include generous retirement conditions and an aging population.
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Jan 26, 2024 • 20min

What Would Happen if North and South Korea Reunite

This podcast explores the challenges and potential economic consequences of reunifying North and South Korea, including the difficulties of combining their economies. It examines the lessons learned from the reunification of East and West Germany. The podcast discusses the obstacles and intricacies of reunifying the two Koreas, such as financial costs, logistical challenges, and the impact on South Korea's economy. It also explores the potential benefits of reunification, such as improved access to resources and more efficient transportation. The podcast highlights the importance of ending tensions and alleviating human suffering in order to address the disparities and challenges that would arise from reunification.
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Jan 12, 2024 • 19min

Japan's Rise and Fall... And Rise Again?

Explore Japan's economic stagnation since the 1990s and its implications for advanced economies. Discover Japan's decline in technology, low labor force participation rates, and factors influencing housing prices. Uncover the challenges and opportunities for Japan's economic growth, including low productivity and the potential for regaining competitiveness.
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Jan 9, 2024 • 19min

Australia Should Be Poor. Why Isn’t It?

Exploring Australia's ability to maintain a strong economy despite reliance on natural resources. Comparisons to Norway's resource tax model. Unique tax rules and housing affordability issues in Australia. Selling the country as a basis of economic growth. Challenges faced by young Australians in affording housing.
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Dec 30, 2023 • 13min

Texas Will Not Be the Next California

This podcast explores the economic history of Texas, highlighting its advantages such as business-friendly practices, energy sector growth, and investments in higher education. It also discusses challenges like geopolitical tensions, labor market tightness, and future water shortage. Despite challenges, Texas has a strong economic position with a high GDP, Fortune 500 companies, and success as an advanced manufacturing hub.
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Dec 28, 2023 • 16min

Will The EU Fail?

Exploring the challenges faced by the EU, including the debt crisis, Brexit, and tensions with major energy suppliers. Analyzing the potential impact of a non-unified Europe on the global economy and the likelihood of other nations leaving the union. Exploring the history and benefits of the EU, including trade and labor mobility. Examining the effects of the pandemic on free trade and job mobility within the EU. Understanding brain drain, shared currency, and the potential consequences of an EU collapse. Exploring the economic indicators and potential consequences of EU failure.

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