Everybody Thinks AI Is a Bubble. What If They’re Wrong?

Today’s episode is about China’s turn toward authoritarianism—and why it might be one of the most important stories in the world. If you don’t know a lot about China—if you’ve been interested or astonished from afar by its Zero-COVID policy or its alarming saber-rattling toward Taiwan—then you and I are in the same boat. I am not at all an expert on China. But I am fascinated and alarmed by the country’s politics and by the character of its leader, Xi Jinping. Today’s guest is an expert in all things China: Bill Bishop, who writes the incredibly popular Sinocism newsletter. And he has a new podcast out called 'Sharp China.' In this episode, we discuss my biggest fears and questions: What is happening to the Chinese economy right now? Is Xi Jinping a tyrant? And if he chooses to invade Taiwan, is that World War III? Host: Derek Thompson Guest: Bill Bishop  Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

18 Marras 202248min

Derek shares his thoughts on the meltdown of crypto exchange FTX and the disgrace of its founder, Sam Bankman-Fried, before welcoming veteran finance journalist William D. Cohan to discuss the history of finance frauds, what comes next for FTX, the media’s relationship to CEO royalty, and his new book, 'Power Failure,' on the rise and fall of GE. Host: Derek Thompson  Guest: William D. Cohan Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

15 Marras 202247min

The polls were right; the vibes were wrong. Democrats seem to have blocked the Republican wave by riding “Dobbs and democracy.” Trump lost, and extremism lost. DeSantis won, and Florida is a red state now. Also: Why is America so terrible at counting votes? Host: Derek Thompson Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Marras 202217min

The Musk regime is off to a chaotic start at Twitter. In barely a week or two of ownership, Elon has already overseen a collapse in advertising revenue, announced a pivot to subscriptions, attempted to fire about half of the staff, and then attempted to rehire some of the fired staff. It would be one thing if Elon were flailing at Twitter while the rest of social media was on a rocket ship. The opposite is true. At Meta, the parent company of Facebook, Mark Zuckerberg has embarked on a truly audacious and possibly suicidal plan to spend somewhere between $100 billion and $200 billion building out a metaverse platform. What the hell is happening at these companies and, beyond the lurid details and gossip, what does it say about the larger ecosystem of social media? Today’s guests are the co-hosts of the new New York Times tech podcast 'Hard Fork': Kevin Roose is a reporter at the Times and a frequent guest on this show. And Casey Newton is the author of the Platformer newsletter. Host: Derek Thompson Guests: Kevin Roose and Casey Newton Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Marras 202248min

Americans are unusually conspiratorial as a nation. But in the last week, we have really outdone ourselves. The beating of Paul Pelosi—husband of the Speaker of the House—by a Q-Anon conspiracy theorist led to even more unhinged conspiracies about the media. Kanye West has been all over the news spreading nonsense theories about Jewish control of the world, and in basketball Kyrie Irving published a social media post about a book and movie that featured antisemitic tropes and questioned the Holocaust. What makes certain conspiracy theories so successful? Why do conspiracy theories thrive in 21st century America? And aren't some conspiracy theories ... actually true? Like, what's the deal with aliens, and 1950s UFOs, and the assassination of JFK, and government projects on astral projection and military psychic powers? It's all here in today's episode, featuring the hosts of the popular podcast Stuff They Don't Want You to Know. Host: Derek Thompson Guests: Noel Brown, Ben Bowlin and Matt Frederick Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Marras 20221h 2min

Skyrocketing mortgage rates. Rent prices falling by their fastest pace in years (from their highest inflation rate in decades). Buyers and sellers are freaked out. What the hell is going on with American real estate?Today is a very special crossover event, featuring one of my favorite finance podcasts: 'Odd Lots' hosted by Tracy Alloway and Joe Weisenthal. Most of what I think I know about the housing market is a river that flows from the headwater that is 'Odd Lots' and the online commentary of Tracy and Joe. So, this is a thrill for me. I hope it’s a thrill for you. Host: Derek Thompson Guests: Tracy Alloway and Joe Weisenthal Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Marras 202244min

We’re in a moment in world history where a lot of big global paradigms are dying. For decades, Europe was basically peaceful. That paradigm has gone up in smoke. For decades, the relationship between the U.S. and China was one of mutual dependency and growth. That paradigm, I think, is changing rapidly as the U.S. moves toward a new industrial policy and China shrinks inside a shell of authoritarianism. And for decades, low interest rates shaped the world—the companies that got started, the growth of the internet, and the ability of governments to run massive deficits. And that paradigm is going away. Global markets are a mess right now, and I wanted to bring back one of my favorite writers to talk about it. He is Morgan Housel, a partner at Collaborative Fund and the author of the bestselling book The Psychology of Money. We talk about what happened to the markets in the last 18 months, the legacy of zero-bound interest rates, and inflation—but that’s just maybe the first 10 minutes. The bulk of this episode is about deeper questions: What is investing for? Does making more money really make us happy? And why do so many rich people seem so miserable? If you like this episode, please leave us a rating on Spotify or a five-star review on Apple Podcasts. If you don’t like this episode, tell us why at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Morgan Housel Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Loka 202254min

About a week ago, a new global news organization launched called Semafor. Ben Smith is its cofounder and editor-in-chief. We offer a brief history of news media in the 21st century and talk about why in some ways the news business is more like the 19th century than the 20th. We discuss what to say to investors when you’re trying to get their money to start a new media company, and debate why TikTok is the biggest undercovered media story in the world. Host: Derek Thompson Guest: Ben Smith Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Loka 202238min