Are we living through the death of innovation? We’re back in HQ asking a tough question: has culture stagnated, and if so, is economics to blame? We explore the twin juggernauts of our age: financialisation and tech. From Florence under the Medicis to Hollywood in 2023, we trace how once-risky bets on the new have been replaced by spreadsheets and streaming algorithms. In 2023, all of the top 10 highest-grossing global films were sequels, spin-offs, or remakes. Back in 2005, 40% of top films had...
Jul 01, 2025•31 min•Season 2025Ep. 54
Has Israel just become the undisputed power in the Middle East? After a lightning-fast 12-day conflict, oil prices fell instead of spiking, Iran backed off with symbolic missile strikes (after giving the U.S. a heads-up), and Russia is suddenly too nostalgic about its expats in Tel Aviv to pick a side. We unpack how this war, short, sharp, and stunning, shifted the entire balance of power in the region. Why didn’t the Strait of Hormuz crisis materialise? Why are markets pricing in peace while Ga...
Jun 26, 2025•33 min•Season 2025Ep. 53
Live from a packed GAA hall at the Dalkey Book Festival, this episode tackles one of the wildest questions in economics: how did humans, flimsy, anxious apes, end up running the world, and why did we invent money to do it? We dig into the evolution of money as a collective hallucination hardwired into our psychology. Along the way, we unpack how 90% of dollars exist only digitally, how the pandemic rewired our sense of value, and why the dollar’s global dominance might be nearing its final act. ...
Jun 24, 2025•40 min•Season 2025Ep. 52
In this powerful episode recorded at the Dalkey Book Festival, we sit down with Israeli historian Avi Shlaim, whose memoir The Memoirs of an Arab Jew weaves together the personal and political. Born in Baghdad and expelled to Israel, Shlaim dismantles the dominant Zionist narrative and shares a forgotten story: that of the Arab Jews, rooted in the Middle East for millennia, fluent in Arabic, and often alienated in the state built in their name. Shlaim explores British colonial meddling, the lega...
Jun 19, 2025•50 min•Season 2025Ep. 51
Tensions in the Middle East are escalating, following Israel’s surprise attack on targets across Iran on Friday, and ensuing strikes between the two powers continued over the weekend. The Muslim world has often been accused of a failure to modernise and adapt. Christopher de Bellaigue disagrees and charts the forgotten story of the Islamic Enlightenment – the social movements, reforms and revolutions that transformed the Middle East from the early nineteenth century to the present day. Modern id...
Jun 17, 2025•47 min•Season 2025Ep. 50
Forget Brussels, the first European Union was built by medieval merchants, not politicians. This week, we dive into the Hanseatic League: a loose alliance of 200 city-states that dominated trade across the Baltic and North Seas for 500 years. They pioneered free trade, built Europe’s first banking networks, and forged a multilateral model that still shapes today’s EU. Their story is also a warning. The League eventually lost out to land-based nation-states, a tension that’s alive again in today’...
Jun 12, 2025•37 min•Season 2025Ep. 49
When Jamie Dimon warns that the U.S. bond market could "crack," it’s time to listen. This week, we dive into America’s mounting debt crisis, with U.S. debt now surpassing $34 trillion, deficits running at $2 trillion a year, and interest payments exceeding military spending. We unpack how Trump’s tax cuts, tariffs, and spending splurges are pushing the system to breaking point, and why a bond market crack could trigger a global dollar crisis. Then we turn the lens to Ireland, where the economy i...
Jun 10, 2025•37 min•Season 2025Ep. 48
We’re on the road again, this time reporting from Vilnius, Lithuania, in the heart of Europe’s Bloodlands . Don’t be fooled by the history of war and trauma, this episode is all about how the Baltics are sprinting into the future. Estonia, with just 1.3 million people, has produced 10+ tech unicorns and collects 99% of its taxes online. Lithuania, home to 50,000 people living in Ireland, is building Rail Baltica , a €6 billion high-speed line connecting Finland to Poland. We chat with economist ...
Jun 05, 2025•36 min•Season 2025Ep. 47
Back home at HQ, we stretch our legs and dive into something huge hiding in plain sight: Ireland is now the most educated country in the world . But what does that really mean? From the Inhaler gig in St. Anne's Park to the brilliance of Roddy Doyle and camogie skirts, this episode celebrates the often-overlooked power of the suburbs, not just as a creative hotbed, but as the epicentre of Ireland’s education revolution. We trace how the children of small farmers became the middle class, why subu...
Jun 03, 2025•40 min•Season 2025Ep. 46
We're back in Spain, and I’ve got questions. Why is Spain growing faster than Germany, France, and even the US? Why can they build high-speed rail for a fraction of the cost, and why are they the only major EU country where immigration is boosting GDP without blowing up politics? This week, we talk to Professor Joe Haslam in Madrid about what’s being called Europe’s miracle economy. Since COVID, Spain’s growth has outpaced every major European economy, driven by smart immigration (nearly 1 milli...
May 29, 2025•44 min•Season 2025Ep. 45
We're in Bilbao this week, and it’s got us thinking. How does a football club that refuses to sign non-Basque players manage to qualify for the Champions League, raking in close to €100 million from TV rights, match days, and UEFA money, while Dublin’s best bet is a few fivers from the Conference League? The answer is in economics. The Basques were Europe’s forgotten industrialists, the only region in Spain to undergo a full-blown Industrial Revolution, powered by local iron ore, steel productio...
May 27, 2025•32 min•Season 2025Ep. 43
This week, we’re keeping one eye on Wall Street and the other on a canal in Dublin. Moody’s just downgraded the United States' credit rating, a move that quietly confirms what most won’t say out loud: America’s debt-fuelled growth is unsustainable, and interest payments are now outpacing military spending. Meanwhile, back home, a row of cottages literally collapsed, not abandoned, but owned by the very people lobbying to fix Ireland’s housing crisis. In a country where average rents just passed ...
May 22, 2025•33 min•Season 2025Ep. 42
From wine valleys to White House stand-offs, we’re in South Africa as the continent’s biggest economy finds itself caught between China, Russia, and a sulking Uncle Sam. Reporting from Franschhoek, we trace the Huguenot legacy, the Dutch East India Company, and how South Africa became the West’s favourite refuelling stop, until now. With President “Cupcake” Ramaphosa headed to the White House this week, US aid frozen, and Afrikaner “refugees” granted asylum, tensions are flaring. South African p...
May 20, 2025•43 min•Season 2025Ep. 41
Trump is stealing Bernie’s manifesto. In this episode, we dive into why Trump is suddenly talking about taxing the rich and slashing the cost of prescription drugs, policies lifted straight from the progressive left. Is he turning on the billionaire donors funding his campaign? And is Israel, long a pet cause of those donors, being quietly edged out of Trump’s new MAGA calculus? We unpack a flurry of recent deals, from a largely meaningless UK–US trade agreement , to an urgent truce with China a...
May 15, 2025•31 min•Season 2025Ep. 40
This week I'm in South Africa on a book and speaking tour and am chatting at the Franschoek Literary Festival, so we are all South Africa today. A country of contradictions, rich in resources, vibrant in culture, yet S.A. is held back by inequality, corruption, and the long shadow of apartheid. In this episode, we explore its uneasy present and remarkable past: from Mandela’s legacy to Elon Musk’s childhood, from empire and race to why Donald Trump has fixated on white Afrikaners. We travel thro...
May 13, 2025•51 min•Season 2025Ep. 39
Broadcast from a wine-soaked table in Italy’s Valle di Comino, ancestral home of Ireland’s chipper dynasties, this episode covers everything from Irish-Italian football matches and Elvis impersonators to the far more serious threat inflation poses to liberal democracy. We chat to political economist Mark Blyth about his new book Inflation: A Guide for Users and Losers, unpicking why prices stay stubbornly high, who inflation hits hardest, and how it quietly fuels everything from MAGA to Farage. ...
May 08, 2025•42 min•Season 2025Ep. 38
This week, we talk about the most unexpected political shift of the year, Canada’s sudden transformation into the liberal world’s new playbook. We unpack how Mark Carney, once a Davos technocrat, won an election by turning it into a referendum on Trump… and won big. Along the way, we explore nationalism (the decent kind), what Trump gets wrong about trade, and why standing up to bullies actually works. Plus, we chat with Evan Solomon, now an MP in Carney’s new government, about what Canadians re...
May 06, 2025•43 min•Season 2025Ep. 37
This week, we take a breath. In a world spinning faster than a speedcubing final, we step away from bond yields and geopolitics and lean into something more human: imagination. We swap global crises for quiet joys, from a Rubik’s cube competition in Wicklow to the power of storytelling in uncertain times. As we always say, economics is about life and today we are joined by bestselling novelist Elif Shafak, to explore how fiction helps us make sense of chaos, how literature bridges the political ...
May 01, 2025•34 min•Season 2025Ep. 36
Trump’s global chaos might just offer an opportunity. if we’re bold enough to take it. In this episode, we dive into how a crisis can give countries the political permission to reshape their economies, starting with how we tax, who we tax, and why we desperately need to rethink urban financing. From Roman emperors funding the Colosseum with "toilet taxes," to why Dublin (and most Irish cities) are economic engines shackled by a broken funding system, we explore how cities around the world are gr...
Apr 29, 2025•35 min•Season 2025Ep. 35
We mark the passing of Pope Francis by asking: is there such a thing as "Catholic Economics"? If so, what is it, and what strain of Catholic economics did the Pope represent? We start with a lad stopped by the Italian cops on a Vespa in Rome, and a most unusual and uplifting conversation with the Pope, Bono, and yours truly. Yeah, for real. We explore liberation theology, the roots of Franciscan banking, and the common and deeply embedded DNA of Catholic social teaching in the economic policy of...
Apr 24, 2025•46 min•Season 2025Ep. 34
The world shifting under our feet and US financial markets remain in turmoil. We explore whether Trump’s economic war with China is backfiring, and might push Europe closer to Beijing, not Washington. We detail a likley monetary scenario for the US over the coming months which will be the backdrop to any geo-political moves. For example, could France, weighed down by debt, turn to China as creditor? Are we entering a new global “Great Game,” where America’s threats drive its allies into the arms...
Apr 22, 2025•38 min•Season 2025Ep. 33
Broadcasting from Paris, we bring a bottle of wine and a warning: the transatlantic honeymoon is over. As America turns inward under the MAGA banner, Europe, led in thought (and theatre) by France, is starting to ask tough questions: Can we still rely on the US? Should we even try? From Macron’s eerily prescient Sorbonne speech to the wild moves in the US bond market, this episode explores why France feels vindicated, why Ireland might soon have to pick a side, and why the real battlefield isn't...
Apr 17, 2025•36 min•Season 2025Ep. 32
Yes has always been more of a worldview than a word. In this episode, we channel the spirit of Molly Bloom’s iconic soliloquy from Ulysses to explore how saying “yes” can reshape economies. From Joyce’s sensual metaphor for self-abandon to the economics of openness, growth, and transformation, we dig into what it means to embrace change. Why does resistance stagnate nations? What happens when a country dares to say yes to innovation, to risk, to the unknown? This isn’t your average econ chat—thi...
Apr 15, 2025•36 min•Season 2025Ep. 31
What do Nike runners, IKEA furniture, and half a million Vietnamese workers have in common? They’re all caught in the crossfire of Trump’s tariff tantrum. This week, we trace the hidden supply chains behind the global economy, from Vietnam’s rise as a manufacturing powerhouse to how a sneaker company now employs more people abroad than Ford and GM do at home. We break down how the MAGA tariff regime threatens to crater entire economies, sour U.S. relations in Asia, and hand China the long game. ...
Apr 10, 2025•34 min•Season 2025Ep. 30
This week, we watched the world’s biggest economy base its entire trade policy on a formula so dodgy it wouldn’t pass the Leaving Cert. We break down how Trump’s tariffs are chaotic, as well as economically illiterate, dangerously populist, and could have slammed Ireland with more than a 39% hit if not for the EU. This isn’t just bad maths. It’s billionaires mistaking personal instinct for macro strategy, and a White House mistaking nationalism for economic policy. We’re talking supply chains, t...
Apr 08, 2025•38 min•Season 2025Ep. 29
What if the future of capitalism isn’t tech or tax, but trust? This week, we’re talking about Employee Ownership Trusts: a radical rethink of who gets to own the companies we work for. We’re joined by Alan Coleman of Wolfgang Digital, the first Irish company to take the leap and hand ownership to its staff. It’s a story about building businesses that are more productive, more democratic and maybe even more human. From colonial corporations to AI takeovers, we trace why this small idea could be t...
Apr 06, 2025•34 min•Season 2025Ep. 28
On Wednesday, we watched in real time as America’s trade policy devolved into a parody of itself. Trump’s Liberation Day was part Caesar, part Mattress Mick, all empty bluster. A dodgy chalkboard of made-up numbers, a crowd in high-vis, and a president who thinks tariffs are just theatre. You may also have heard that Jeffrey Goldberg, editor of The Atlantic and friend of the pod, was accidentally added to a Signal group chat planning actual U.S. airstrikes. He joins us to talk about what it reve...
Apr 03, 2025•51 min•Season 2025Ep. 27
What do tariffs, the Laffer Curve, and Ferris Bueller’s Day Off have in common? More than you’d think. This week, we dive into the world of trade policy, culture wars, and deflated middle-aged fatherhood, all from the basement. From Trump's so-called "Liberation Day" of tariffs to secret WhatsApp groups planning military strikes, this episode examines how America’s trade war is about identity, masculinity, and a long-festering grudge against Europe. With a history lesson on Smoot-Hawley, Reagano...
Apr 01, 2025•39 min•Season 2025Ep. 26
From Dublin’s housing crisis to stalled metros and blocked wind farms, this week’s episode explores how well-meaning people, and governments, have tied themselves in knots. We ask the simple but provocative question: if we could build Ardnanacrusha in three years a century ago, why can’t we build homes or rail lines now? Blame over-regulation, hyper-democracy, and good intentions gone rogue. Whether it’s zoning laws, environmental red tape, or endless consultations, we’ve made it nearly impossib...
Mar 27, 2025•40 min•Season 2025Ep. 25
Trump is back, and in just 75 days, he’s issued half as many executive orders in two months than Biden did in four years. Beyond the chaos, there’s a bigger story: what happens when a country, like Ireland, finds itself up against a global heavyweight? From Trump’s tariffs and economic incoherence to America's shift toward isolationism, We argue it’s time for smaller nations to find their rope-a-dope —a strategy borrowed straight from Muhammad Ali’s legendary win over George Foreman - who just d...
Mar 25, 2025•34 min•Season 2025Ep. 24
