Ones and Tooze

Los Angeles wildfires have wreaked havoc, costing an estimated $275 billion and reshaping neighborhoods. The discussion delves into the overlooked risks of urban development in fire-prone areas. Contrasting the LAPD with the LA Fire Department highlights socio-political dynamics and historical segregation. Meanwhile, Greenland's colonial past and current geopolitical significance are examined, including the ramifications of Danish colonialism and U.S. interests in the region. The podcast paints a compelling picture of climate impact and historical narratives.

Dive into the complex economic legacy of Jimmy Carter, exploring his innovative strategies during turbulent times. Discover his approach to inflation, his hesitant shift towards deregulation, and the pivotal role of Paul Volcker. Uncover how Carter's foreign policy, especially relations with China, laid the groundwork for globalization. The discussion also highlights America’s transformation from a leader to a partner in global economic diplomacy and how Carter's presidency set the stage for the neoliberal policies that followed in the 1980s.

The hosts dive into The Planetary, an ecological framework reshaping our understanding of humanity's relationship with nature. They reflect on the iconic 'Earthrise' photo that sparked the environmental movement. The contrasting visions for space colonization from Elon Musk and Jeff Bezos are explored, alongside vital lessons drawn from Earth's ecological challenges. The tension between capitalism and sustainability is examined, raising questions about our current systems and their impact on life and energy flow.

Dive into the world of Hyman Minsky, an economist whose insights on financial instability gained attention only posthumously. Discover how his unique theories challenge mainstream economic thought, especially amid the 2008 crisis. Learn how Minsky’s idea that stability breeds fragility reshapes our understanding of financial systems. Plus, explore the crucial role of credit in macroeconomic development and why addressing banking crises is essential for future economic discussions.

In this insightful discussion, Malado Kaba, a former finance minister of Guinea, shares her experiences advocating for women in economic leadership. Christine Lagarde, President of the European Central Bank, emphasizes strategies to narrow gender gaps in finance. Journalist Sharon Kibouri reports on the dire effects of Kenya's debt crisis on women and children. They explore the importance of female representation in leadership and the critical need for inclusive economic policies to empower women across Africa, while addressing ongoing challenges like local protests against economic policies.

Dive into the life and groundbreaking work of Joan Robinson, a trailblazer in heterodox economics. Discover how she challenged societal barriers as a pioneering female economist and critiqued mainstream Keynesian views. Explore her radical interpretation of Keynes and the implications of 'bastard Keynesianism' on contemporary economic discussions. Unpack her revolutionary theories on labor markets and the importance of evolving economic thought beyond traditional paradigms.

Dive into the world of heterodox economists, starting with Michał Kalecki, who saw capitalism as a major issue rather than a solution. Explore how his Polish roots and intellectual influences shaped his critical theories on labor and economic development. Discover the fascinating clash between Kalecki’s Marxist views and Keynesian thought, focusing on aggregate demand and social division. Also, catch a poignant message from Adam post-surgery, adding a personal touch to the insightful discussions.

Adam's upcoming heart surgery due to an aortic aneurysm takes center stage. The hosts discuss advancements in surgical techniques and the stark realities of the U.S. healthcare system. Humor mixes with gravity as they navigate personal reflections and systemic inefficiencies. The paradox of high costs and outcomes in elective surgeries is examined, alongside global disparities in heart disease treatment. Community support shines as a vital element, with exciting future content on heterodox economics teased.

Discover why turkey prices drop before Thanksgiving and the impact of avian flu on supply. Delve into the transformation of Black Friday from a holiday tradition to a retail phenomenon. Reflect on the historical narratives of Thanksgiving and its commercialization. Experience heartfelt moments of gratitude, personal connections, and the complexities of sports fandom, particularly with the New York Jets. This festive discussion intertwines cultural insights with personal reflections and a strong sense of community.

Explore the fallout from the collapse of Germany's ruling coalition as job cuts at Volkswagen signal deeper economic woes. Discover the rise of far-right politics amid significant political shifts and the future of potential leaders like Friedrich Merz. Unpack the complexities of German identity in crisis and the influence of Christian democracy on Europe's political landscape. Delve into critical failures in energy and defense policies that underscore the country's challenge in navigating current geopolitical tensions.