Plain English with Derek Thompson

Jake Auchincloss, a U.S. Congressman from Massachusetts, tackles the Democratic Party's branding struggles and offers fresh policy ideas. He proposes a digital dopamine tax to address social media's impact on attention. The conversation dives into the 'cost disease' in housing and healthcare, suggesting tech adoption as a solution. Auchincloss argues for a new centrist approach, blending bold ideas across ideologies. He also emphasizes the importance of catchy, relatable political messages to reconnect with young voters and challenge big tech.

Azeem Azhar, an investor and author of the Exponential View newsletter, dives deep into the debate surrounding AI as a financial bubble. He argues against conventional wisdom, suggesting that today’s AI differs fundamentally from past bubbles due to real user demand. Azeem discusses the implications of rapid GPU depreciation, the strain of data center spending, and the potential for AGI to reshape the economy. He also outlines critical revenue growth needed for sustainability, questioning whether AI is truly a bubble or simply misunderstood.

John Johnson, a seasoned Broadway producer with over 25 years in theater, sheds light on the challenges facing Broadway musicals today. From skyrocketing production costs to changing audience preferences, he discusses the financial struggles of new shows. Johnson explains the impact of COVID-19 on demographics and tastes, emphasizing a shift towards intimate Off-Broadway productions. He explores the tension between risk-taking in original works and the dominance of established blockbusters, while contemplating the future pathways for live theater.

Ben Fritz, an entertainment industry reporter for The Wall Street Journal, sheds light on the current turmoil in Hollywood. He discusses the steep decline in movie ticket sales and employment, attributing it to a combination of COVID, production issues, and changing market demands. Fritz also explores whether the downturn could lead to a renaissance in filmmaking, driven by smaller, bolder projects. He shares insights on how AI may reshape the industry, highlighting both its potential benefits and the challenges it poses for jobs.

America is rich—richer than ever. Yet Americans are more anxious, lonelier, and less satisfied than people in many poorer nations. The 2025 World Happiness Report ranked the U.S. 24th in life satisfaction, its lowest on record. Maybe, as social scientists say, we’ve traded community for consumption. Today’s guest, Morgan Housel, thinks there’s a deeper reason money hasn’t bought us happiness. America, he says, is world-class at making money, but bad at spending it wisely. In his new book, The Art of Spending Money, Housel argues that we’re burdened not only by visible debt—mortgages, credit cards, loans—but also by invisible debt: desire. In this episode, Derek talks with Morgan—the author of The Psychology of Money and Same as Ever—about how money, comparison, and human nature shape happiness. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Morgan Housel Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

Lloyd Minor, the Dean of the Stanford University School of Medicine and a physician-scientist, dives into the transformative role of AI in healthcare. He discusses its potential to diagnose diseases better than doctors and the current limitations of AI in drug design. Concerns about overdiagnosis and the risk of de-skilling clinicians are also highlighted. Minor emphasizes AI's promise in clinical trials and chronic disease management, while addressing the societal impacts of technology on human connections.

In this discussion, Greg Lukianoff, president of the Foundation for Individual Rights and Expression and an expert in First Amendment law, explores the controversial state of free speech in America. He highlights recent political pressures that threaten free expression and reflects on whether hypocrisy on this issue is tolerated across the political spectrum. Greg analyzes how cancel culture began, the differing views on free speech among liberals and conservatives, and the potential for renewed appreciation for free speech amidst rising tensions.

Joining the conversation are Kevin Hall, a former NIH nutrition researcher known for his work on ultra-processed foods, and Julia Belluz, a veteran health journalist with insights into how policies impact our food environment. They discuss how American health issues stem from inadequate food policies rather than just personal choices. Kevin shares findings from controlled trials on overeating driven by ultra-processed diets, while Julia highlights the historical roots of food regulation. Together, they advocate for targeted policies to improve food safety and nutrition.

In this discussion, Paul Kedrosky, an investor and venture partner, explores the staggering $300-$400 billion AI infrastructure spending by American tech firms. He warns of a potential AI bubble, highlighting economic risks, from capital outflow in manufacturing to energy demands driving inflation. Kedrosky explains the complexities of financing data centers and the vulnerabilities they pose across various sectors. With intriguing insights into the political implications and real-world opportunities for AI, he underscores the urgency of addressing these looming risks.

Matt Belloni, a veteran Hollywood reporter and host of The Town podcast, dives into the fallout from Jimmy Kimmel’s controversial comments and the media's strained relationship with free speech. He shares insider details about Disney's response, Bob Iger’s strategic decisions amid political pressure, and the chilling effects of FCC threats on creativity. The discussion also highlights Hollywood's reactions and ongoing negotiations as Kimmel seeks a resolution while maintaining his platform and reputation.