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Economics Explained

Latest episodes

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Oct 11, 2023 • 13min

How Brunei Built the Laziest Economy in the World

Exploring the challenges of Brunei's welfare state and its heavy reliance on oil reserves. Discussion on efforts to diversify the economy and concerns about future growth. Comparing investment strategies in Brunei and Alaska. Exploring working conditions, salaries, and the uncertainty caused by the depletion of oil reserves.
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Oct 6, 2023 • 16min

Why Nations Fail

Exploring the paradox of economic growth in developing countries facing collapse. Identifying common factors behind these failures and discussing potential solutions. Contrasting characteristics of advanced and developing economies. The relationship between democracy and economic development. Understanding the reasons for economic failures and shocks.
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5 snips
Oct 4, 2023 • 15min

Do We Need More Children, or Fewer Children?

Economists debate whether we need more or fewer children; challenges of overpopulation and benefits of reduced population; economic burden of children and its impact on society; potential benefits of population decline; relationship between economic growth, resource usage, and population growth; consequences of population growth and the case for depopulation.
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Oct 2, 2023 • 13min

Capitalism Doesn't Need Consumers Anymore

The podcast explores the impact of AI and automation on the economy and society. It discusses the potential consequences of widespread unemployment caused by advanced robots and AI, such as reduced birth rates and challenges faced by developing countries. The podcast also highlights the concerns surrounding technology and AI, while predicting that AI-related jobs will contribute to economic prosperity.
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Sep 29, 2023 • 16min

Iran's Economy Could Be Huge, But They Don't Care

Exploring the untapped economic growth opportunities in Iran and the barriers preventing it from reaching its potential, including authoritarian government and heavy reliance on fossil fuels. It examines the consequences of Iran's war with Iraq and the rise of bonyads as tools of corruption. The chapter also discusses the impact of sanctions on Iran's economy and highlights the missed potential of the country as an economic superpower.
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Sep 27, 2023 • 16min

Should We Be Worried About The BRICS?

Exploring the ambitions of the BRICS countries, their plans for intensified trade, a common currency, and their potential impact on reshaping the global economy. The formation and objectives of the BRICS organization, the effectiveness of the BRICS group, and the challenges they face. Exploring the dynamics within the BRICS alliance, conflicting goals, and control issues impacting their initiatives.
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Sep 25, 2023 • 14min

There Will Never Be Another Singapore

This podcast explores the remarkable economic growth of Singapore and the challenges in replicating its success. It covers Singapore's history, governance, policies, geographic advantages, and economic factors. It also discusses how Singapore became a major player in the global oil industry and highlights the unique factors behind its economic success, such as its revenue and expenditure system and the impact of Malaysian commuters on its GDP.
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Sep 19, 2023 • 16min

Why Top Investors Are Betting Against The USA

Michael Burry, famous for shorting the US housing market in 2008, now bets against the US bond market. Explore the relationship between the economy and the stock market, and the challenge of predicting economic cycles. Understand the inverted yield curve and concerns about overvaluation in the USA.
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Sep 13, 2023 • 19min

Could An Economy On Mars Ever Be Viable?

The podcast explores the challenges and opportunities of a mission to Mars, including accessing unlimited resources, the potential for a thriving economy on Mars, manufacturing in microgravity, and creating Earth-like living conditions in space.
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6 snips
Sep 8, 2023 • 14min

The Game Theory Of Military Spending

The podcast explores the intersection of economics and military spending, using game theory to analyze its necessity. It discusses the positive economic contributions of military spending, such as technology development and government stimulus programs, while also highlighting the destructive consequences of conflicts. The application of game theory to global military spending, including the prisoner's dilemma and alliances, is explored. Additionally, the podcast delves into how military spending affects global geopolitics and highlights disparities in purchasing power between countries.

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