Ones and Tooze

In parliamentary elections next week, Canadians are expected to turn out in large numbers for the Liberal Party led by Mark Carney—in part as a reaction to U.S. President Donald Trump. The Liberals had been down in the polls for months, but Trump’s rhetoric and policy, including on tariffs, have prompted voters to turn away from the Conservatives and back Carney, who had a long career in central banking and global finance. On this episode, Adam and Cameron discuss the Canadian economy—the ninth largest in the world—and how Carney plans to deal with Trump. Learn more about your ad choices. Visit megaphone.fm/adchoices

A deep dive into Pope Francis's economic views reveals his unique blend of social justice and environmental ethics. The discussion contrasts his radical stance on economic justice with traditional Catholic teachings, emphasizing the plight of the poor. Examining human dignity, it links ecological concerns to interpersonal relationships. His leadership reflects a theology focused on the marginalized, challenging both communism and libertarianism. Lastly, Pope Francis's collaborations with social scientists signal a significant shift in Church engagement with socio-economic issues.

As tariff concerns rippled through financial markets around the world this month, the 10-year yield on U.S. Treasury bonds advanced 50 basis points. That is the most in more than two decades. Adam and Cameron talk about what fluctuations in the bond market mean and why it has put a scare in investors.Plus, in the second half of the show, the costs and benefits of nuclear proliferation from the perspective of defense budgets, nuclear waste, and international security. Learn more about your ad choices. Visit megaphone.fm/adchoices

The podcast dives into the rollercoaster of Trump's trade war, with a surprising three-month pause on tariffs but hikes reaching 125%. China retaliates with 84% increases, raising questions about policy goals and economic fallout. The hosts dissect the chaotic U.S.-China trade dynamics, highlighting the tensions between decoupling and de-risking. They explore the strategic implications of tariffs and the challenges of protectionism, while also examining the urgency of long-term energy policies amidst shifting economic realities.

The podcast dives into the tumultuous U.S.-China economic relationship, sparked by Trump's tariff strategies. It explores the chaotic decision-making behind these tariffs and contrasts the policies of the Trump and Biden administrations. The discussion also touches on China's rapid technological advancements despite economic challenges. The impact of increasing tariffs on Asian alliances and trade dynamics, coupled with rising geopolitical tensions, paints a gripping picture of the current global trade landscape.

Discover the staggering $300 billion legal services industry in the U.S., which faces new challenges from political agendas. Dive into the corporate governance of law firms and how their decision-making differs from traditional companies. Explore the ethical dilemmas big law firms encounter, including the balance between profit and pro bono work. The discussion even touches on the complexities of international conflicts, like those in the DRC, showcasing how deep-rooted issues influence global dynamics.

Delve into the complexities of the U.S. political landscape during the Trump administration, examining rising tensions and constitutional crises. Discover how 'Abundance' proposes a revitalization of liberalism through innovative approaches to governance. Explore the stark housing cost disparities between states and the underlying ideologies, as well as the impact of legalism on societal trust. Reflect on the early optimism of the Obama era and the potential for a liberal renaissance in today's world.

This discussion dives into the dramatic impact of Trump's trade wars, which have erased $4 trillion from U.S. stock markets. The hosts analyze the stark realities of tariffs, debunking misconceptions about their benefits. They also explore the complex interplay between political expression on campuses and economic policy shifts. With insights into the challenges facing Canada under Mark Carney's leadership, the conversation highlights protectionism's effects on American jobs and the ongoing tensions between differing political ideologies in the U.S.

The U.S. budget deficit has skyrocketed to $1.8 trillion, raising concerns about the sustainability of a staggering $36 trillion debt. Intriguingly, the contrast between individual life spans and society's infinite outlook on debt is explored. The shifting dynamics of U.S. tax policy reveal how proposed tax cuts exacerbate income inequality. Meanwhile, geopolitical tensions with China are causing ripples in U.S. debt markets, hinting at a potential crisis. A looming threat of stagflation complicates the economic landscape, challenging policymakers' responses.

The discussion dives into Trump's controversial $5 million gold card initiative, offering affluent individuals a quick path to citizenship, which raises questions about immigration policy and economic implications. It explores the evolving dynamics of U.S. immigration politics and the challenges faced by deportees in Central America. Moreover, the podcast takes a fascinating turn toward brutalism in architecture, delving into its historical roots and community connections, while addressing its aesthetic and ethical relevance today.