The David McWilliams Podcast

 In this episode, we continue our European mini-series, moving from Germany to the broader continental landscape. Europe faces mounting economic challenges as Mario Draghi, the former president of the European Central Bank and technocratic Italian prime minister, issues a bold €800 billion investment proposal aimed at closing the gap with the U.S. and China. Is Europe falling behind due to overregulation, fragmentation, and a lack of innovation? We discuss Draghi’s call for massive investment, the continent’s economic stagnation, and why the gap between Europe and America has widened over the past two decades. Is the European dream of a unified, prosperous continent slipping away, or can Draghi’s vision revive the old-world dynamism that once defined it? Hosted on Acast. See acast.com/privacy for more information.

 In this episode, we take a hard look at Germany’s current crossroads, where economic fragility and political tensions collide. Once the bedrock of European stability, Germany now faces challenges like the rise of the far-right AFD party, factory closures at Volkswagen, and energy crises driven by its dependency on Russian fuel. We explore the deeper cultural and historical factors at play, diving into the uneasy relationship between East and West Germany, the legacy of Angela Merkel’s policies, and the country's strained stance on immigration. With the help of historian Katja Hoyer, we unpack why Germany’s once rock-solid economy and political center are starting to crack—and what that means for the future of Europe. Hosted on Acast. See acast.com/privacy for more information.

In this episode, we dive into the fascinating resurgence of vinyl and its surprising resilience amidst the digital age. We explore the economics of vinyl, the history of the music industry’s evolution, and how formats like CDs and streaming disrupted the landscape. Vinyl, once thought to be on the brink of extinction, has made an extraordinary comeback, and we're here to find out why. From independent record shops keeping the flame alive to the unique cultural experience vinyl provides, we look at how this format has redefined the music experience across generations. We speak with Graham Jones, author of The Vinyl Revival and the Shops That Made It Happen, to get his insight into the ongoing revival. Graham takes us through the vinyl resurgence, Record Store Day, and how independent record stores played a pivotal role in keeping vinyl alive. Buy the new book here: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

This podcast episode dives deep into the complexities of the Apple tax ruling and its broader implications for Ireland's economic model. We explore how Ireland's low corporate tax strategy, which began in the mid-20th century to attract foreign capital, evolved into a cornerstone of its economic growth. The discussion touches on Ireland's historical emigration issues, the soft power of the Irish diaspora, and the country's role as a bridge between American corporations and the European market. We also unpack how Apple’s tax dealings with Ireland resulted in a €13 billion windfall, the legal challenges involved, and the potential reputational risks for both Ireland and multinational companies. With a focus on Ireland’s current housing and infrastructure crises, the episode argues that now is the time for bold political decisions—especially how best to spend the Apple windfall to address urgent public needs. Get ready for a mix of economic history, policy analysis, and insights into what lies ahead for Ireland.Buy the new book here: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

In this episode, we’re diving into one of the wildest stories in the book, involving none other than Adolf Hitler. Can you imagine money falling from the sky? That's what Hitler had planned—he wanted to defeat Britain by literally dropping millions of counterfeit pounds across the country. He believed that if he could flood the British economy with fake money, he could induce a Weimar-style hyperinflation and collapse the British war effort. It’s a story of forgeries, secret concentration camp operations, and a plot to cripple an entire nation with counterfeit cash.Want to know how this insane plan almost worked? Well, grab your copy of Money: A Story of Humanity, and find out. Trust us, it’s not just about Hitler, there’s so much more—stories of people, civilizations, and how money shaped the world we live in today.Buy the new book here: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

This week, we delve into a fascinating hypothetical for Ireland’s future: could Conor McGregor really be our next President in 2025? From the quaint leadership of Michael D. Higgins, to McGregor’s brash, larger-than-life personality, the shift would be nothing short of dramatic. But what does this say about modern Irish politics and the world we’re living in? As global politics continues to throw us curveballs, we’re not ruling anything out. Beyond the political theatre, we turn our focus to a more grounded topic—progress. Sean Keyes from Progress Ireland joins us to discuss how his think tank is dedicated to solving Ireland’s infrastructure challenges, tackling the country's underperformance despite its huge potential. How can Ireland overcome its stumbling blocks and unlock a future filled with opportunities? We look at the bigger picture of what it really means to move forward in an increasingly complex world. Tune in for a discussion that spans politics, progress, and everything in between. Hosted on Acast. See acast.com/privacy for more information.

This week, we dive into the shifting tides of the U.S. economy and its global impact on smaller countries like Ireland, who are deeply tied to American trade and investment. With the Fed’s balancing act of boosting stock markets while trying to control inflation, are we heading into another bubble? As inequality deepens, we ask what the upcoming U.S. election could mean for the global economy. Legendary short-seller Jim Chanos joins us to discuss why he believes we’re living in a “Golden Age of Fraud” and how investors are ignoring red flags. Are we returning to a 1970s-style economic era, but with new players like China and the rise of social media-driven distrust? We explore it all in this week's episode.Pre-order the book or get podcast tickets here: https://linktr.ee/davidmcwilli Hosted on Acast. See acast.com/privacy for more information.

This episode, we dive into the world of Taylor Swift to explore a Delicate issue—why Ireland’s housing market is stuck in a Blank Space. We’re taking a page from the Leaving Cert’s economics exam, using a question about Taylor’s ticket frenzy to understand the bigger picture of why we can’t seem to build homes, schools, and hospitals on time. It’s not just Bad Blood that’s holding us back—it’s a fundamental supply problem. Tune in as we break down how Ireland’s infrastructure could use a dose of Swift’s Style to get things back on track.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

In this episode, we kick things off by exploring the deep divides within the Arab world, tracing the roots of these fractures back to the early 19th century when two competing visions for Arab unity emerged. One vision, anchored in religious conservatism, sought to unify Arabs under the strict interpretation of Islam, as seen in the rise of the House of Saud and Wahhabism. The other vision, driven by figures like Muhammad Ali Pasha in Egypt, looked forward—envisioning a modern, secular, and industrialized Arab world. As we delve into these historical tensions, we connect them to the present day, questioning why Arab nations struggle to present a united front in times of crisis, like the ongoing conflict in Gaza. Alongside this, we touch on the broader geopolitical implications, from the influence of outside powers to the challenges of creating a cohesive Arab identity. It's a conversation that sheds light on the complex interplay of history, religion, and modernity in shaping the Middle East today.Pre-order Money: A Story of Humanity here: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

In this episode, we kick things off by delving into the secluded world of Jackson Hole, where central bankers and economic elites gather in a remote Wyoming enclave, musing over the fate of global economies while casting their lines into serene rivers. It's a world of high-stakes policy decisions and economic riddles, wrapped in the calm of the American wilderness. But while these powerbrokers debate interest rates and inflation, we take a hard look at the other side of the global economic coin. In the Mediterranean, once-thriving wine and olive farms are now casualties of globalisation, with local agriculture outpriced by industrial farming giants from Northern Europe. Meanwhile, tourism, driven by cheap flights and the Airbnb boom, has transformed these rural communities into seasonal hotspots—leaving them deserted for much of the year. It's a clash of worlds, from the plush isolation of Jackson Hole to the abandoned farmlands of Southern Europe, as we explore the very real human costs of our modern global economy.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams ! Hosted on Acast. See acast.com/privacy for more information.

 In this episode, we dig into the UK’s recent social unrest with Andy Haldane, former Chief Economist at the Bank of England and now head of the Royal Society of Arts. We explore the deeper economic and social fractures that led to riots in marginalised communities and highlight the critical role of social capital—trust, community, and cohesion—as vital as roads and railways. Andy reveals how the breakdown of trust, fueled by social media and inequality, has left communities vulnerable. We challenge conventional economics, questioning whether governments are truly leveraging their financial power to fix these systemic issues. From Brexit to the erosion of trust in institutions, we discuss how countries like the UK and Ireland can rebuild through smarter public investment and stronger social connections.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

In this episode, we're kicking off with a classic Irish disaster—a ladder, a man, and gravity having a scrap, but then we're diving deep into something even more painful than a sprained ankle: Ireland's shocking inability to build anything on time or on budget. We're talking about the Children's Hospital fiasco, the never-ending MetroLink saga, and why, despite having buckets of cash, our state just can’t get the job done. But here’s the kicker: while Ireland is dragging its feet, places like Serbia are throwing up high-speed rail links in a few years, all thanks to the Chinese. And it’s not just them. Italy and Spain have cracked the code on getting infrastructure done without bankrupting the country. So, is it time we swallow our pride, bring in the experts, and let the Italians or Chinese sort out our mess? Maybe it’s time to accept that while we’re world-class at building pubs, we might need a little help with building, well, everything else. Let’s get into it!Pre-order Money: A Story of Humanity here: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

In this episode, we explore the dramatic downfall of a once-wealthy nation that is now one of the poorest: Venezuela. How does a country with vast natural resources find itself in such dire straits? We delve into the devastating effects of misguided economic policies, rampant corruption, and the political missteps that led to hyperinflation, mass poverty, and the collapse of basic services. Join us as we examine how Venezuela’s leaders, blinded by ideology and short-term gains, destroyed a thriving economy, and what lessons this holds for the rest of the world.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

This week, we delve into the growing crisis facing Dublin’s city center, exploring the troubling "donut effect" where the heart of the city becomes hollowed out due to rising crime, unaffordable rents, and a lack of residential footfall. Drawing parallels to the decline of once-thriving cities like San Francisco, we examine how Dublin’s vibrant center is at risk of becoming a ghost town. With commercial property vacancies on the rise and locals increasingly avoiding the city, the stats paint a worrying picture: a 2.5% decline in hospitality spending, 40% of people cutting back on visits, and a nightlife sector that’s half the size of New Zealand’s. The discussion highlights the urgent need for bold, strategic interventions—like the tax-driven revitalization of the 90s—to prevent Dublin from slipping into irreversible decline. Without decisive action, the vibrant, living city we know could soon be a thing of the past.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

This week, we delve into the unsettling reality that this generation in Ireland might be the first in two generations to be poorer than their parents. We explore the ripple effects this could have on career choices, social class, and societal structure. For years, class snobbery in Ireland has intrigued us, from the rigid social hierarchies of the past to the dramatic social uplift during the Celtic Tiger era. However, the end of this upward mobility could bring about significant changes. Drawing parallels with the U.S., where only 50% of those born in 1980 earn more than their parents compared to 90% of those born in 1940, we examine what this means for Ireland. The discussion includes the fascinating idea of "kitchen table capital," the influence of family environment on success, and how immigrants often fill critical roles in an economy. As Ireland potentially faces stalled social mobility, we foresee increased tension and division, similar to the culture wars in the U.S. This episode provides a compelling look at the future of social mobility in Ireland and the possible societal shifts ahead.Pre-order Money: A Story of Humanity here: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

With financial markets on edge, the world is anxiously awaiting the Fed’s decision on whether to cut or maintain historically high interest rates. In this episode, we dive into the profound impact these choices have on commercial property, exchange rates, and stock markets. We explore the 'wealth effect' of these rates, now around 5%, and what it means for the real economy. A sharp drop in non-farm payrolls to 115,000 jobs from an average of 250,000 raises concerns about the U.S. economic trajectory—could a recession be on the horizon? We also bring the discussion home, examining how these shifts impact Ireland, especially given our reliance on multinationals like Intel, which recently saw a 30% stock drop. The Fed's data-driven decisions are not unlike ancient Assyrian stargazing, blending science with a dose of guesswork in shaping our economic future.Pre-order Money: A Story of Humanity here: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

This week, we dive into the issue of inheritance tax in Ireland, asking if it's time for a rethink. With house prices skyrocketing by 62% since 2012, many middle-class families find themselves unexpectedly asset-rich but cash-poor, facing significant tax bills on inherited homes. We explore potential adjustments like increasing the tax-free threshold or adjusting tax rates based on asset types, such as land and property. Could these changes ease the burden on families while fostering a more dynamic economy? Should inheritance tax exist at all, or is it crucial for maintaining economic equality? We also delve into the history of inheritance, exploring post-colonial influences on the Irish psyche and the surprising alignment of libertarian and Marxist views on wealth distribution.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

This week, we delve into one of the most transformative shifts in economics and finance: the rise of e-banking, spotlighted by Revolut's meteoric growth. Revolut, a Lithuanian-born company now boasting 2.7 million Irish customers—nearly three-quarters of the adult population—has quickly transitioned from a simple travel card service to a major banking player. With recent licenses from the European Central Bank and the UK, Revolut is set to enter the mortgage market, leveraging its 45 million global users and disrupting traditional banking models with no physical assets. This digital upstart, now valued at around $45 billion, challenges established banks like AIB and Bank of Ireland, demonstrating how quickly the financial landscape is evolving. We explore how Revolut’s model compares to the historical development of money and banking, questioning the mainstream understanding of money creation and the role of banks. Tune in as we discuss how this 'Napster of Finance' is reshaping the industry and what it means for the future of money.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

What a week! The attempted assassination of Donald Trump, Joe Biden's unexpected withdrawal from the race, and Kamala Harris setting a fundraising record has thrown the U.S. political landscape into disarray. Dubbed a Gen X woman with Gen Z vibes, Harris has energized young voters, reminiscent of the Obama era. As Trump names J.D. Vance as his VP pick, we delve into the implications. Vance, a complex figure with a history of criticizing Trump, now embodies a unique mix of Elon Musk's innovation and Bernie Sanders' populism. His anti-corporate stance, advocacy for wage increases, and controversial views on immigration and foreign policy could redefine the MAGA movement. We explore how these shifts might impact Ireland and Europe, especially if American multinationals are pulled back home, potentially destabilizing the global economy. Tune in as we dissect these political upheavals and their far-reaching consequences.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

The Central Statistics Office predicts Ireland's population could surge to 7.5 million by 2057, mostly due to inward migration. What could this mean for Ireland's future? Are we already at maximum capacity as it is? We argue for boosting local industries to match the high productivity of multinationals, crafting a vibrant and resilient economy for the future. We kick off by examining the recent Microsoft outage, exposing the fragility of our hyper-connected global economy. Without a strategic economic plan to harness Ireland's impending growth, we risk social and economic upheaval.Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

I read Nathan Thrall’s book last year before the Gaza and October 7th massacres. I couldn’t put it down. It tells the true story of a young Palestinian boy, a tragic accident, his family and the daily humiliations of the Palestinian people. There is much cruelty but there is much love, too, and courage, resolve and tenderness. For everyone who is interested in Palestine and Israel, listen to this - this is a conversation for you.  Hosted on Acast. See acast.com/privacy for more information.

The true story of how Germany’s wealthiest business dynasties amassed untold money and power by abetting the atrocities of the Third Reich — and how America looked the other way. Many of them continue to control swathes of the world economy, owning iconic brands whose products blanket the globe, brands like Daimler-Benz, Allianz, Porsche, Volkswagen, and BMW. David de Jong shows how these tycoons seized Jewish businesses, procured slave labourers, and ramped up weapons production to equip Hitler’s army – and how they got away with it.  Hosted on Acast. See acast.com/privacy for more information.

In 1980, Dalkey United went on a football trip to Germany which ended up in East Berlin. A certain economist, festival director and once under 13s centre half was on that schoolboy trip and so began a lifelong fascination with all things East German. Less than ten years after that Dalkey Utd. trip, the country vanished. In her wonderful book, Katja Hoyer argues that amid oppression and frequent hardship, East Germany was home to a rich political, social and cultural landscape, a place far more dynamic than the Cold War caricature often painted in the West. This is one for cold war anoraks, communist nostalgists and the odd few intrepid ones who always know there’s more to the story of any country than first meets the eye.  Hosted on Acast. See acast.com/privacy for more information.

In this week’s episode, we’re journeying from the bustling docks of 17th-century Amsterdam to the modern gig economy, all through the lens of Rembrandt and his old man. Rembrandt’s dad wanted him to have a “real job” – sound familiar? Today’s parents are just as anxious about their kids’ unconventional careers. We dive deep into how technological upheaval has always disrupted legacy jobs, from millers and merchants to telephone operators and typists. We’ll unravel the anxiety driving modern politics, why some jobs vanish while new ones appear, and how this relentless change is both a challenge and an opportunity. Join us to see why every generation fears the future, and why there’s a bit of a Rembrandt in every new wave of change. Hosted on Acast. See acast.com/privacy for more information.

In May 1991 I walked into Keenan's Bar in Crossmaglen, South Armagh with a superstar American economist who would go on to win the Nobel Prize for a chat about global monetary policy. Joe Stiglitz and myself must have cut two odd figures for the locals...this was South Armagh, at the height of the troubles after all, maybe not the normal chat in Keenans but the barman didn't bat an eyelid. Against the background noise of British Army helicopters taking off from the largest and most fortified base in the North, that conversation changed my professional life. Thirty years later we picked up the discussion where we left off. I hope you enjoy the chat. Maybe it's time to head back to 'Cross for another natter. Hosted on Acast. See acast.com/privacy for more information.

In this episode, we dive into the Aer Lingus strike, putting it in the context of the larger global economic landscape. We ask if this strike is the beginning of a new era in industrial relations. By exploring the historical shifts in labour and capital dynamics, we question whether we're seeing the pendulum swing back in favour of workers after decades of shareholder dominance. We connect the dots between these labour actions and global economic and political trends, offering an analysis on how these disputes might shape future economic policies. Join us as we unravel what these industrial actions mean for the future of work and wealth distribution. Hosted on Acast. See acast.com/privacy for more information.

We have a very special episode for you today, courtesy of The Bear, Season 3 which is streaming on Disney+ from today, June 27th! We're digging into what makes an Irish restaurant tick and the hidden contributions that a vibrant restaurant industry adds to our economy. We also talk with Ross Lewis from Chapter One and discuss the dedication and culture required to build up a fine dining scene in Ireland. And we ask if a Michelin star is worth the investment or if a sandwich shop is the better entrepreneurial route.  Hosted on Acast. See acast.com/privacy for more information.

This week, we dive deep into the nitty-gritty of the commercial property market, highlighting its glaring vulnerabilities and the dramatic plunge in values since the pandemic. Using the vivid historical metaphor of being "sold down the river," we unravel how economic cycles often start with a displacement moment, sparking widespread financial speculation and leading to eventual market chaos. Drawing parallels between the flatboat era of early American history, where pioneers navigated the vast Ohio and Mississippi Rivers, and today's real estate woes, we illustrate how fundamental changes can trigger significant economic shifts. We look at the patterns that repeat across time. This episode sheds new light on the dynamics of the commercial property market and its historical underpinnings. Hosted on Acast. See acast.com/privacy for more information.

Could Common Sense be Coming Home? We dive into the unexpected shift where Britain now seems like the island of sanity amid European radicalism. We explore the surprising fragility of German infrastructure and the looming chaos in European bond markets, particularly focusing on France's political and economic challenges. By contrasting the historical legacy of Leon Bloom's socialism with today's political climate, we highlight how Britain, with its emerging centrist stability under leaders like Keir Starmer, stands in stark relief against the backdrop of European turmoil. This episode promises a fascinating journey through the complexities and nuances of history, politics, and economics, shedding light on Britain's newfound role as a beacon of stability in an unpredictable world. Hosted on Acast. See acast.com/privacy for more information.

Join us for a special live recording of the podcast at DBF 2024, where David interviewed the renowned journalist Christiane Amanpour. As CNN's chief international anchor, Amanpour brings unparalleled insights into global affairs, making this session an unmissable highlight of the festival. The conversation covers Amanpour's journey from the Iranian Revolution to her pioneering role at CNN, reflecting on pivotal moments such as reporting from the Gulf War and Bosnia in the 90s, where she witnessed firsthand the harsh realities of conflict. Amanpour's experiences underscore the critical role of journalism in uncovering human rights abuses and shaping global narratives. Her reflections on current events, including the Ukraine crisis and the challenges to democracy, offer profound insights into the pressing issues of our time, emphasizing the importance of a free press and international solidarity in safeguarding democratic values worldwide.  Hosted on Acast. See acast.com/privacy for more information.

Join us for a live recording of the podcast! We dive into the fascinating rise of Gaelic Games live from Cuala in Dalkey - we delve into the incredible impact of free education in Ireland. Discover how the daughters of small farmers seized educational opportunities, sparking unexpected social mobility. We'll also give you a sneak peek into my upcoming book, "Money: A Story of Humanity," out September 12th, where we explore how money has shaped human history. Expect a mix of personal anecdotes, historical deep dives, and economic insights. Don't miss it! Hosted on Acast. See acast.com/privacy for more information.

This week, we're diving deep into the rollercoaster world of global financial markets. From the wild highs of cannabis stocks crashing down to earth to the ECB's first interest rate cut in five years, we're unpacking it all. Ever wondered why 2% inflation became the magic number for central banks? Spoiler: it’s as arbitrary as it sounds. Joining us to make sense of the chaos is David Tilson, Head of Capital Markets for Cantor Fitzgerald, who’ll give us the lowdown on everything from US job growth and the curious case of immaculate disinflation to the surprising rise of India over China. Whether you're baffled by bonds or curious about why Germany’s economy is having an identity crisis, this episode is packed with insights. So, is it time to rethink everything we thought we knew about money? Tune in and find out! Hosted on Acast. See acast.com/privacy for more information.

During the European recent elections, you might have heard lots of people defining Ireland as a "neoliberal" country, governed by the ideology of neoliberalism. Neoliberalism is a political and economic philosophy which emphasises free markets, deregulation, and reducing the role of the state. This episode dives into the myth that Ireland is a neoliberal state, a story often perpetuated but rarely challenged. By examining Ireland’s progressive tax system and vast social welfare network, we reveal a very different narrative. If Ireland isn't neoliberal, why does this myth persist, and what does it say about our understanding of politics and economics? Hosted on Acast. See acast.com/privacy for more information.

This week, we're diving into the fascinating world of AI economics with the brilliant Professor Eli Noam from Columbia Business School. This episode is a special treat as we're kicking off a series of AI events at the Dalkey Book Festival next week. We're talking about how artificial intelligence is shaking up industries, transforming job markets, and reshaping the entire economy. There's a lot of fear out there about AI taking over jobs and the ethical headaches it brings, but it's not all doom and gloom. We'll explore how smart policies and clever strategies can turn AI into a force for good, sparking new opportunities and driving economic growth. Tune in for a deep dive into the future of AI and what it means for all of us. Hosted on Acast. See acast.com/privacy for more information.

This week, while navigating a mid-life crisis and an intensive French course in the south of France, we've decided to reflect on the importance of Franco-German relations and what they mean for the future of Europe and the euro. We delve deep into how centuries of rivalry and reconciliation between France and Germany have shaped the continent, leading to the creation of the European Union. From the devastating conflicts of the World Wars to the visionary treaties that established economic and political integration, we explore the pivotal moments that have defined this partnership. So tune in as we examine the current state and future prospects of the euro, discussing its strengths, challenges, and the role it plays in maintaining European stability. Hosted on Acast. See acast.com/privacy for more information.

Is Rishi Sunak's announcement of a snap UK election the answer or a political gamble? Joining us to unpack this is Robert Shrimsley of the Financial Times. Can the Tories pull this one out of the bag? And, away from the political drama, on the economic side, we examine the UK's persistent productivity issues, its triple inequalities and the lack of novel macro-economic or strategic model from the major parties. This election, the absence of one old friend is conspicuous - Brexit, no on wants to talk about it. The UK is a house divided, could this election offer the solutions the UK desperately needs, or will it deepen the existing fractures and uncertainties?  Hosted on Acast. See acast.com/privacy for more information.

The Irish government stands with the Palestinians, as does most of the country. A moral foreign policy is a sign of what the country believes in but where does it take us beyond that? Will Ireland sanction Israel ? Many doubt it given the more than 5 billion euros in trade between both economies. Both economies are tied together by the global multinational tech industry, umbilically linked by corporate America. We paint the likely end-game in the Middle East, and conclude there are two broad ways forward. The first is the South Africa model where a pariah Israel changes tack and Ireland's gets first mover advantage - moral and ahead of the game. The second is the Jihad/Settler dystopia, where an ongoing jihad/settler war mutates constantly with no peace and Palestine becomes a ward of Hamas. This scenario means Irish foreign policy gets bogged down with consequences way beyond our control. Hosted on Acast. See acast.com/privacy for more information.

This week, we delve into the economics of climate change with acclaimed author Brett Christophers - who has previously illuminated the pervasive influence of investment funds in our daily lives through books like "Our Lives in Their Portfolios". This time, he turns his analytical lens to the urgent issue of climate change. We'll explore why economic incentives alone may not be the solution we envision. Christophers critically examines the low investibility of wind and solar industries, questioning why big companies would pivot to renewables if they aren't profitable. So what can be done? Tune in for a compelling conversation that challenges conventional wisdom and seeks alternative strategies for effective climate action. Hosted on Acast. See acast.com/privacy for more information.

The British are down on themselves, yet one thing they do well is repackage popular culture and the Premier League is a great example of this. Last year, its commercial revenues hit £4.4 billion, with TV rights increasing by 30%. Despite high revenues, 80% goes to player wages, highlighting a unique financial model where the 'workers' benefit most. This global phenomenon mirrors the 'Wimbledon model' where hosting top-tier events doesn't require domestic dominance. It underscores the UK's talent for repackaging and exporting culture as they have always done with entertainment. The UK economy could thrive by embracing globalisation, attracting global talent, and focusing on innovation and cultural export. Hosted on Acast. See acast.com/privacy for more information.

In this episode, we dive into the harrowing impact of the opioid epidemic in North America, recounting firsthand observations of addiction's toll in cities like Ottawa, Quebec, and Vancouver. How did a nation like Canada, with its extensive welfare and health systems, become engulfed in such a crisis? We explore the roots of the crisis, attributing it to the aggressive marketing and misinformation by pharmaceutical companies like Purdue Pharma, driven by unchecked greed and profit motives. Poverty and homelessness exacerbate addiction, creating a sobering reflection on the complex interplay of corporate malfeasance, regulatory failures, and social vulnerabilities that fuel this devastating epidemic. Is Ireland next in line for an opioid epidemic? Hosted on Acast. See acast.com/privacy for more information.

As we delve into America in this pivotal election year, grappling with its geopolitical challenges, culture wars, and internal conflicts, Evan Solomon makes a crucial point: discussing America as a monolith is a common mistake—it's simply too vast and diverse. In today's infotainment era, narratives are no longer neatly collected but instead compete and diverge. This week, we're exploring the connections between nativism in the 1850s, the ongoing religious and cultural struggles, and the current display of nativism within the Republican Party. Tad Homer Dixon's definition of culture as a set of instructions passed from one generation to the next resonates strongly here. Once, those in power dictated cultural norms, but today, the power to shape discourse and culture is distributed among everyone. This dynamic shift is palpable in America, where we've moved from a uniform cultural landscape to one defined by diverse narratives. We're witnessing this shift firsthand with the rise of Christian Nationalism, which is being imported from Russia and fusing with nativism. The question now is whether this represents a new force in the US or merely a passing trend. Let's watch closely to see where this leads. Hosted on Acast. See acast.com/privacy for more information.

Why do wealthy people live in houses originally built for the less affluent? Despite vast improvements in living standards over the years — lower infant mortality rates, faster access to life-saving drugs, and increased life expectancy — today, even modest homes are un-affordable for many. Consequently, wealthy individuals find themselves competing for properties originally intended for lower-income families. This trend not only highlights the scarcity of suitable housing but also deepens social stratification, as the affluent outbid others, driving up prices and displacing those with fewer resources. Is there an easy fix? Hosted on Acast. See acast.com/privacy for more information.

 The Tories are seeking revenge for Brexit by exploiting immigration policy. Having been out-foxed, out-thought and out-gunned by Dublin on Brexit negotiations, they are extracting a price- that price is the framing of the new Irish election. By encouraging the relocation of asylum seekers to Ireland, the Tories are effectively using Ireland as a bargaining chip to pressure France into accepting a deal on immigration, all while avoiding responsibility for asylum seekers themselves. They are playing Ireland like a pawn against the EU, as revenge for their humiliation during Brexit negotiations. In this complex game of politics, the Tories could emerge as the agenda-setters for the next Irish election. Hosted on Acast. See acast.com/privacy for more information.

Last week, the football team I play with went on a trip to Italian organised by one of our lads Camilio Borza a member of the Irish Italian tribe. In the the vibrant tapestry of Irish history, few immigrants have left their mark like the "Eye-talians" with their chippers which have fed generations of Irish people. This week, the podcast explores the captivating journey of Italian immigrants to Ireland, tracing the roots of one of the country's earliest and most successful immigrant communities. Hailing predominantly from three small villages in Lazio, Italy, these immigrants brought with them a rich cultural heritage that has profoundly shaped Irish society. Join us as we uncover the untold tales of resilience, incredible hard work, integration, and the enduring bond between Ireland and Italy. And...most importantly our brilliant researcher on the pod is Eliza Notaro, another Dublin Italian!! Hosted on Acast. See acast.com/privacy for more information.

This podcast delves into the intricate interplay of politics and housing, a phenomenon not unique to Ireland but deeply emblematic there. It examines how the control, or lack thereof, of housing can shape political fortunes. From Ireland to Britain, Canada to Australia, the "politics of housing" is a pivotal and global issue, particularly for younger generations. While Eastern European countries, with reasonable house prices, see happier young populations, Ireland faces a crisis where housing benefits foreign investors over its own citizens. The failure to understand this has left the current political class out of touch and in a precarious position, highlighting the need for a reform. So it may be time to grab your pitchfork! Hosted on Acast. See acast.com/privacy for more information.

In part two of our mini-series on Turkey, we delve deeper into the electrifying economic history of Istanbul, from the Byzantine to the Ottoman empires and up to today. We explore how these empires sent shockwaves through history, shaping the world as we know it. Without the Ottomans, Columbus might never have discovered America, there'd be possibly no Renaissance, no dominance of Europe, no humanism. And what about Attaturk? The most impressive leader of the 20th century? Hope you enjoy it. Hosted on Acast. See acast.com/privacy for more information.

This is the first of 2 podcasts on Turkey following a quick visit to Istanbul where the inflation rate is currently at 69% annually, and the currency, the Lira, is on a devaluation spiral, but might this financial crisis be the event to kickstart economic, political and regional change. Amidst rising tensions in the Middle East and with Hamas' chief in talks in Ankara with Erdogan, Turkey finds itself in a potentially influential position as a regional powerbroker. Could Turkey be on the brink of redemption? With its strategic location bridging Europe and Asia and its historical ties to the Middle East, Turkey could potentially play a pivotal role in resolving the ongoing conflict. As traditional alliances in the region shift, Turkey's assertive foreign policy and military capabilities position it as a key player in mediating disputes and fostering stability Hosted on Acast. See acast.com/privacy for more information.

The majority of my tribe, economists have been getting it wrong for decades, if you go back and look at economic research from the seventies, nobody is talking about coming inequality. Yet inequality afflicts the West, dominating politics. This week, in a not-so-groundbreaking revelation, Ben Bernanke's report on the Bank of England's failures shows us how out-of-touch economists really are. Economists need to get out more, mix a bit, walkabout more! A blind faith in mathematical precision has clouded our judgment. Humans are messy and economics is about humans, so let's be messy.Pre-order Money:A Story of Humanity here: https://linktr.ee/moneydavidmcwilliams Hosted on Acast. See acast.com/privacy for more information.

Elon Musk is to 2024 what Howard Roark was to 1943. In Ayn Rand's book Fountainhead, her hero Roark was brilliant, single-minded and flawed. Musk is a modern day Roark and yet despite his remarkable entrepreneurial success, from SpaceX to Neuralink, Tesla is on the skids. 10% of its workforce has just been fired and it's share price has dropped 30% since January, and its market share is dwindling in China. Musk's investments in China have also led to wholesale intellectual property theft. Standing back, Tesla's tribulations could be a microcosm of broader geopolitical tensions of trade disputes and intellectual property wars. The world is looking at the Mid East, the China/America rivalry echoes previous clashes Hosted on Acast. See acast.com/privacy for more information.

In this week's episode, we plunge headfirst into the contentious issue of Nimbyism – should property ownership grant individuals the power to stop developments? We don't think so! Particularly not when contrasted with the backdrop of the housing crises gripping the English-speaking world. Bound by the chains of common law but bereft of common sense, our societies find themselves stuck in a self-inflicted housing crisis. Join us as we dissect how our flawed society has bred Nimbyism, and been perpetuated by the contented classes who turn their backs on their communities. From London to Los Angeles, Dublin to Sydney, we confront Nimbyism and explore potential solutions to reclaim our cities from this self-destructive spiral.  Hosted on Acast. See acast.com/privacy for more information.