Ones and Tooze

The podcast dives into the recent 50% tariffs on Indian imports imposed by the Trump administration, revealing the complexities of U.S.-India relations and the surprising economic implications. It also explores the evolution of tennis economics, highlighting the soaring prize money at the US Open and its impact on players' financial realities. The discussion touches on the sport's aristocratic roots and the call for reform as tennis adapts to modern challenges, showcasing its intricate connections to broader diplomatic dynamics.

The podcast delves into the controversial firing of Federal Reserve Governor Lisa Cook, raising questions about the independence of the Fed and its political entanglements. The discussion highlights the need for diversity in economic policymaking. It then takes a fun turn, exploring the journey of hamburgers from their Mongolian roots to American icon status, including challenges in beef production. A unique highlight is the Big Mac Index, comparing global currencies and purchasing power, while also lifting the veil on how McDonald's produces its burgers.

Dive into the vastness of China through intriguing personal insights and regional contrasts gathered from a transformative 30-day journey. Discover how China's immense size shapes its economy and politics, while the historical complexities of its culture unfold. The discussion turns to the impact of the iconic movie 'Jaws,' celebrating its 50th anniversary by reflecting on its economic themes and cultural significance. Tying these conversations together are philosophical reflections on economic choices and public safety, revealing deeper societal anxieties.

Adam Tooze, a historian at Columbia University and foreign policy economics columnist, shares his insights on the pivotal changes shaping our world. He discusses the U.S.-China trade war and the complexities of global perceptions in a time of geopolitical upheaval. The impact of artificial intelligence as a transformative force in international relations is also explored. Tooze highlights the historical lessons of the Trump administration's policies and the challenges faced by the Biden administration amid escalating tensions and evolving education landscapes.

Discover the Svalbard Global Seed Vault, a crucial safeguard against potential global food crises, housing 1.3 million seeds. Explore the role of seed banks in preserving genetic diversity and protecting food security. Transitioning to Alaska, delve into its economic landscape shaped by oil and resource extraction, and examine the complexities of wealth distribution through the state's sovereign wealth fund. The conversation also touches on the legacy of indigenous influences in resource ownership and the societal challenges faced by its diverse populations.

The discussion navigates the economic fallout from Trump's tariffs, highlighting inflation and import impacts. It also dives deep into the hunger crisis in Gaza, addressing alarming food shortages and their humanitarian implications. The conversation critically examines the intertwining complexities of tariffs and global trade relations. Lastly, it confronts more serious allegations of genocide linked to starvation in Gaza, drawing parallels to historical events and stressing the urgent need for effective humanitarian aid.

The podcast dives into the shortfall of the UN's Sustainable Development Goals, with 80% failing to meet their targets. It discusses the implications of the U.S. retreat from international aid and the rising influence of China’s development strategies, particularly its One Belt, One Road initiative. The dual role of artificial intelligence in addressing poverty and infrastructure is also examined, highlighting the need for new frameworks in a rapidly changing technological landscape. The resulting challenges paint a complex picture for global development.

Dive into the revolutionary ideas of Karl Polanyi, a key figure in critiquing self-regulating markets. Discover how his Jewish heritage and struggles shaped his views, and explore his belief that economic systems are deeply influenced by cultural and political contexts. The discussion challenges mainstream economic assumptions, advocating for a re-evaluation of how we conceptualize the economy. Join the conversation on the societal impacts of commodification and the urgent need to restore values within market dynamics.

Explore the life and groundbreaking ideas of Thorstein Veblen, the heterodox economist who reshaped economic thought. Discover his thoughts on 'conspicuous consumption' and how social status influences consumer behavior. Delve into Veblen's vision of technocrats driving societal progress and his critique of the commercialization of education in American universities. The discussion juxtaposes Veblen's insights with traditional economic models, revealing their enduring relevance today.

This discussion delves into John Kenneth Galbraith's impact on economics, showcasing his progressive ideas and critiques of consumerism and corporate power. The conversation highlights the rivalry between Galbraith and Paul Krugman, shedding light on shifting trends in economic thought. Listeners will discover Galbraith's realist approach, challenging conventional wisdom and advocating for a deeper understanding of economic complexities. Furthermore, his critique of consumer sovereignty remains relevant, offering a fresh perspective on modern economic debates.