The Economics of Music

The Economics of Music

Today an Irish artist needs to get around 4000 streams an hour or about 300,000 per month to earn the minimum wage which we know is far below what is needed to pay the rent. How can someone survive trying to be a musician? Today we explore the "new" economics of music, what is the financial reality for young and not so young musicians, the history of the music industry and why the economic of our old friend Joseph Schumpeter is behind it all.

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Episoder(684)

Rich Country, Broken State

Rich Country, Broken State

Ireland has cash coming out of its ears, and nothing to show for it. Sinead O'Sullivan is back to expose the wild dysfunction inside the Irish state: no one is accountable, nothing gets finished, and ...

23 Jul 0s

Spain Won Again, 500 Years Later

Spain Won Again, 500 Years Later

Spain beat Argentina 1-0 in a scrappy, dirty World Cup final, in what felt like 500 years of history playing out on a pitch in New Jersey. We use the final as an excuse to ask the big question: why di...

21 Jul 0s

Is AI About to Crash the Global Economy?

Is AI About to Crash the Global Economy?

History says yes. We rewind to 1873, when a stock market wobble in Vienna triggered a global railway crash that took down banks, empires and 80% of world lending in a matter of months, and ask whether...

16 Jul 40min

Mbappé vs Le Pen: The Battle for France

Mbappé vs Le Pen: The Battle for France

On this 14th of July, as Les Bleus face Spain in the semi-final, France is heading into a political crisis that could reshape Europe because where France goes, Europe usually follows. We dig into why ...

14 Jul 42min

England V Norway: A Tale of Two Oil Discoveries?

England V Norway: A Tale of Two Oil Discoveries?

Norway turned North Sea oil into $2 trillion in the bank. Britain turned it into tax cuts, unemployment cheques and a housing bubble. We unpack the tale of two oil finds, why one country nailed it and...

9 Jul 41min

Alexander Hamilton: How a Caribbean Orphan Built America

Alexander Hamilton: How a Caribbean Orphan Built America

250 years on, we ask the question: would America even exist without Alexander Hamilton? We tell the story of the French-speaking outsider who created the dollar, faced down the states, and set the wor...

7 Jul 38min

Ireland's Silent Sell Off and the Employee Ownership Solution

Ireland's Silent Sell Off and the Employee Ownership Solution

Every day that the Irish Financial Service Centre is open, they're selling an Irish business into foreign ownership. Since 2018, overseas acquirers have spent over €100 billion buying up Irish compani...

6 Jul 31min

The Death of the American Dream

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 Jul 32min

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