The Economics Show21 Marras 2025

Did globalisation kill neoliberalism? With Branko Milanović

Thirty-five years ago, the global economy could be neatly divided into market economies, socialist economies and poorer non-aligned countries. Today, that picture is rather more complicated. Western-style neoliberalism – expected to become the dominant economic system after the end of the cold war – is in retreat; socialism is no more; China has emerged as a global superpower; and formerly-poor countries in the global south are rising rapidly – all while neoliberalism itself becomes, well… less liberal. If neoliberalism is on the way out, what will replace it? And what does the rise of Asia mean for western consumers who find their spending power dwindling? The FT’s European economics commentator, Martin Sandbu, speaks to Branko Milanović, senior scholar at the Stone Center on Socio-Economic Inequality at the City University of New York, and a visiting professor at the International Inequalities Institute at the LSE.

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The US-Iran war has not triggered a food crisis — yet. With Adam Hanieh and Susannah Savage

When the US and Israel started bombing Iran earlier this year, market watchers eyed the oil markets nervously. But as the price of crude oil climbed, so did the price of another key commodity produced...

17 Heinä 27min

The economics of weight loss, with Rebecca Diamond and Claer Barrett

In the western world, richer people tend to be thinner – especially women. But does wealth make people thin, or does being thin make them wealthy? And could the rise of weight-loss drugs such as Mounj...

10 Heinä 29min

Why didn’t the Iran war cause a recession? With Tyler Goodspeed

When Iran closed the Strait of Hormuz, economists were panicked. Several warned that a prolonged closure of the chokepoint could trigger a recession. After all, that’s what oil shocks do. But no reces...

3 Heinä 32min

How to win at AI (if you’re not the US or China), with AI minister Kanishka Narayan

When the US government banned a top AI lab from exporting its newest models, the world took notice. Export controls forbidding foreign access to Anthropic’s Mythos and Fable systems locked most of the...

26 Kesä 39min

China wanted western tech. Now, the tables have turned. With John Minnich

For decades, China accelerated its industrial development through a straightforward bargain: foreign firms invested in China, often through joint ventures, gaining access to the enormous Chinese marke...

19 Kesä 42min

Brexit at 10: What comes next? With Anand Menon

Just before the UK voted to leave the EU in June 2016, the Treasury (and others) warned the consequences would be catastrophic. GDP would fall and unemployment would rise, Sterling would dip and gover...

12 Kesä 29min

The US-China decoupling fantasy, with Jessica Chen Weiss

Everything looks to be going China’s way: Beijing has a stranglehold on the world’s critical minerals, and its high-tech manufacturing has rapidly become world-leading. Its massive trade surplus is un...

5 Kesä 32min

How to win a trade war, with Paul Krugman and Chad Bown

In a reversal of roles, Nobel prize-winning economist Paul Krugman steps into host Soumaya Keynes shoes to quiz her and co-author Chad Bown about their new book "How to Win a Trade War", and the lesso...

29 Touko 30min