The David McWilliams Podcast2 Syys 2025

Is America The Richest Third World Country?

Is the US drifting into Peronism? We trace the playbook, tariffs and import substitution, national champions, censorship-by-intimidation, and a war on independent institutions, and map it onto Trump’s America: sacking a Fed governor, menacing J-Powell, firing the head of the Bureau of Labor Statistics, deploying the National Guard, and the Treasury taking a slice of Intel. Along the way, we tell the family story that makes the point better than any chart: two Italian brothers leave Lombardy in 1950, one goes to Argentina (then the world’s 7th-richest country), the other to the US. Eighty years later, identical genes, opposite outcomes. Why? Institutions. We uncover why “markets” aren’t a moral compass; why an emerging-market test now applies to America; what Turkey teaches about politicos capturing central banks; and how a weaker, politicised dollar would rattle Bretton Woods, push allies away, and turn a stock market priced for perfection into kindling. It’s part musical, part macro: from Don’t Cry for Me, Argentina to Don’t Cry for Me, Oklahoma. We’ll explain how it starts, how it ends, and what the rest of us in Europe should do while the richest third-world country in history experiments on the global monetary system.

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The Death of the American Dream

SpaceX just IPO'd, surged, and torched billions of small investors. It's the new American economy. From prediction markets to crypto to day-trading teens, we look at how the US quietly turned itself i...

2 Heinä 32min

The Man Who Broke the Global Economy

Alan Greenspan just died at 100, and he might be the most consequential person of the last 30 years that nobody talks about. We unpack the wild story of the jazz clarinettist turned Fed chairman, the ...

30 Kesä 41min

Why Did Brazil Never Make It?

The country of the future has been stuck in the future for 100 years. We dig into Brazil's wild economic story; slavery, the secret "whitening" immigration policy that sent millions of Italians south,...

24 Kesä 35min

The EU Is Cracking

Europe just got overtaken, and it knows it. From a bar in Brussels, we unpack the ancient fault line tearing the EU apart, why China's rise has spooked the continent more than anyone admits, and why t...

23 Kesä 40min

World Cup Series: Haiti

Haiti just qualified for its first World Cup in 50 years, and they come from the poorest country in the Americas, a place where gangs run the capital and the average person earns $45 a month. We trace...

18 Kesä 44min

Could Canada Have A Brexit Moment?

Mark Carney is being hailed as the new leader of the free world. While he's facing down Trump abroad, his real headache is at home, Alberta, Canada's Texas, is gearing up for a referendum that could s...

16 Kesä 42min

Inside the World Cup's Narco State

We head down Mexico way to unpack the country hosting the World Cup, a $1.8 trillion economy living side by side with one of the most powerful criminal networks on earth. Drugs, guns, avocados, and th...

11 Kesä 40min

Why Social Democracies Win World Cups

The FT's Simon Kuper joins us to kick off our World Cup series, on why tiny social democracies keep producing the best football teams, why FIFA is laundering reputations for dictators, and why this to...

9 Kesä 40min