Sign in
Business
News
Foreign Policy
Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On our new podcast, Tooze and FP deputy editor Cameron Abadi will look at two data points each week that explain the world: one drawn from the week’s headlines and the other from just about anywhere else Tooze takes us. Check out Adam Tooze’s column at https://foreignpolicy.com/author/adam-tooze/.
Argentina's New Leader
Argentina's new president, Javier Milei, is a far-right libertarian and former television personality. He's also an economist who has promised to slash spending and close the country's central bank. Adam and Cameron dig in.
Learn more about your ad choices. Visit megaphone.fm/adchoices
24:5408/12/2023
Napoleon: The Movie and the Man
Filmmaker Ridley Scott's movie on Napoleon Bonaparte is an ambitious portrayal of a man considered one of the greatest military commanders in history. It's also the worst film Adam has ever seen. On this episode, Adam and Cameron discuss the movie and the man—including his economic policies.
Brought to you by:
betterhelp.com/onestooze
https://www.npr.org/podcasts/510289/planet-money
factormeals.com/ones50
Learn more about your ad choices. Visit megaphone.fm/adchoices
34:4001/12/2023
How War Complicates the Insurance Business
Wars and climate change around the world have had a huge impact on the insurance industry and the way it assesses risk. Adam and Cameron break it down.
Learn more about your ad choices. Visit megaphone.fm/adchoices
44:1224/11/2023
The Techno-Optimism of Marc Andreessen
A 5,000-word essay titled “The Techno-Optimist Manifesto” is getting a lot of attention in Silicon Valley and elsewhere. Written by the venture capitalist Marc Andreessen, the essay is a paean to technology as a driver of wealth and happiness but also a jingoistic glorification of late-stage capitalism and American nationalism. Adam and Cameron discuss.
Brought to you by: factormeals.com/ones50
Learn more about your ad choices. Visit megaphone.fm/adchoices
34:3117/11/2023
Is the United Nations Worth the Money?
This week, Adam and Cameron talk about the United Nations, which operates on an annual budget of $3.4 billion. The money is provided by member states but what does it buy them?
Also on the show: The economics of Sweden.
Learn more about your ad choices. Visit megaphone.fm/adchoices
35:0910/11/2023
Live From Berlin's Hertie School
Adam and Cam do a live show at the Hertie School in Berlin. The two discuss topics including German political parties, Germany’s relationship to Israel, the efficacy of border walls both physical and virtual, and the state of higher education in Germany.
Learn more about your ad choices. Visit megaphone.fm/adchoices
59:3903/11/2023
U.S. Deficit Too High?
The 2023 U.S. deficit is expected to be around $2 trillion — about double the size of the 2022 fiscal year. Adam tends to be less concerned with deficits than other economic experts. But how does he feel about it this time? On today’s episode, Adam and Cameron analyze the current deficit. Then, they explore the World Series in baseball.
Tickets for the livestream of our Oct 27 event in Berlin are still on sale: https://www.hertie-school.org/en/events/event-detail/event/ones-and-tooze-live-in-berlin
Learn more about your ad choices. Visit megaphone.fm/adchoices
42:2927/10/2023
Egypt and the War in Gaza
Egypt is struggling economically. Now it’s also facing pressure from the war between Israel and Hamas in the neighboring Gaza Strip. Adam and Cameron dig in.
Also: Harvard University professor and economic historian Claudia Goldin won the Nobel Prize in economics this year for her work studying the gender pay gap. What does that work tell us about today’s labor force?
For other podcasts, check out:
https://www.npr.org/podcasts/510289/planet-money
https://www.goalhangerpodcasts.com/disorder
Learn more about your ad choices. Visit megaphone.fm/adchoices
46:2120/10/2023
The Economics of the Israel-Hamas War
Hamas’s attack on Israel and the coming Israeli ground offensive in Gaza have significant economic implications for both sides. Adam and Cameron explore.
Hey, Ones and Tooze listeners in Berlin! After the success of the last live show, Adam and Cameron are going to be doing another live taping on Oct. 27 at 7 p.m. at the Hertie School (Friedrichstraße 180, 10117 Berlin, Germany).
Tickets are going quickly. Purchase them here: https://www.podfestberlin.com/event-details/ones-and-tooze-live-in-berlin
Learn more about your ad choices. Visit megaphone.fm/adchoices
34:2813/10/2023
How Asylum-Seekers Shake Up Economies (Mostly in Good Ways)
Adam and Cameron devote the entire episode to looking at all aspects of migration as the number of asylum-seekers in Europe is on pace to hit a record 1 million this year. Adam discusses how economically speaking migration is a net-plus for most countries and how it’s vital to invest in housing and other infrastructure in order to absorb new populations.
Hey, Ones and Tooze listeners in Berlin! After the success of the last live show, Adam and Cameron are going to be doing another live taping on Oct. 27 at 7 p.m. at the Hertie School (Friedrichstraße 180, 10117 Berlin, Germany).
Tickets are on sale now. Purchase them here: https://www.podfestberlin.com/event-details/ones-and-tooze-live-in-berlin
Learn more about your ad choices. Visit megaphone.fm/adchoices
39:4206/10/2023
Electric Cars or Better Wages?
The strike of United Auto Workers raises thorny questions not just about labor in the United States—but also about the fight against climate change. Adam and Cameron dig in.
Brought to you by: betterhelp.com/onestooze
Learn more about your ad choices. Visit megaphone.fm/adchoices
31:1129/09/2023
Ask Adam Anything on Inflation
Adam and Cameron answer more listener questions, this week about inflation.
Brought to you by: betterhelp.com/onestooze
Learn more about your ad choices. Visit megaphone.fm/adchoices
35:1422/09/2023
Ask Adam Anything on China
This week, Adam and Cameron mark two years since the start of the podcast. They spend the episode answering listener questions on China.
To sign up for Foreign Policy's excellent weekly newsletter on China for free, go to: https://foreignpolicy.com/category/china-brief/
Brought to you by: betterhelp.com/OnesTooze
Learn more about your ad choices. Visit megaphone.fm/adchoices
38:5815/09/2023
The Economic Philosophy of George Soros
Billionaire George Soros has been funding democracy promotion around the world for decades, through his Open Society Foundations. For his efforts, he has become a bogeyman for the far right. But what economic philosophies drive Soros’s charity work? And how do they align with the business strategies that made him so fabulously wealthy? Adam and Cameron dig in.
Learn more about your ad choices. Visit megaphone.fm/adchoices
38:0808/09/2023
The Pencil as Economic Metaphor
Adam and Cameron discuss the common pencil—both a must-have back-to-school item and a metaphor for the free-market economy.
Also on the show: The economics of Mongolia.
Learn more about your ad choices. Visit megaphone.fm/adchoices
40:3901/09/2023
A Tale of Two Economies
Economic growth in Japan is surging while the U.K. continues its long slump. Adam and Cameron explain what's driving the trends in each country.
Learn more about your ad choices. Visit megaphone.fm/adchoices
44:0925/08/2023
Ruble Roulette
Are Western sanctions on Russia working? The Russian central bank raised interest rates by a dramatic 3.5 percent in the past week after the ruble dropped sharply—clear signs that the Russian economy is faltering. But in many ways, Moscow has defied expectations. Adam and Cameron explain how.
Also on the show: the economics of Niger.
Learn more about your ad choices. Visit megaphone.fm/adchoices
40:1618/08/2023
China's Economic Crisis
China is facing a crisis in its real estate market that threatens to impact its economy overall. Adam and Cameron explore the broader issues in China accounting for the slowdown.
Learn more about your ad choices. Visit megaphone.fm/adchoices
39:4311/08/2023
The Economic Impact of Israel’s Surge Toward Authoritarianism
The government of Prime Minister Benjamin Netanyahu has been moving Israel steadily toward authoritarianism, with a series of proposed laws designed to weaken the country’s Supreme Court. In response, many thousands of Israelis have protested, high-tech companies have pulled out, and credit rating agencies are issuing warnings about investment in Israel. Cameron and Adam discuss how all this will impact Israel’s economy and the country’s future.
Learn more about your ad choices. Visit megaphone.fm/adchoices
34:4504/08/2023
Introducing The Hidden Economics of Remarkable Women
For a bonus listen this week, we're sharing an episode from The Hidden Economics of Remarkable Women, a podcast from FP about women creating change through economic empowerment, hosted by Reena Ninan.
The latest season focuses on the role of male allies. When are they effective? Why are they doing this work? And how do they influence men and boys? In this episode, hear how two groups of allies in South Africa are working to end gender-based violence in their country.
Learn more about your ad choices. Visit megaphone.fm/adchoices
29:0102/08/2023
Bidenomics
What is U.S. President Joe Biden's economic philosophy? Post-neoliberal? Or maybe pre-neoliberal? Or something else altogether? Adam and Cameron discuss.
Learn more about your ad choices. Visit megaphone.fm/adchoices
29:1828/07/2023
The Economics of Hollywood
The old debate over equity in Hollywood has become much more complicated thanks to streaming services and artificial intelligence. Adam and Cameron break it down.
Learn more about your ad choices. Visit megaphone.fm/adchoices
26:3921/07/2023
Trillion Dollar Sticker Shock? Let's All Get Over It
Addressing crises around the world from climate change to poverty will require spending many trillions of dollars. Yet the T-word remains a taboo among politicians. On this episode, Adam and Cameron discuss why we need to embrace it.
Also on the show: The economics of cigarettes.
Learn more about your ad choices. Visit megaphone.fm/adchoices
35:5914/07/2023
The Arithmetic of Apple's $3 Trillion Valuation
This week, Apple became the first company ever to reach a valuation of $3 trillion. Is the company that Steve Jobs built really worth that much? Adam and Cameron discuss.
Learn more about your ad choices. Visit megaphone.fm/adchoices
34:5107/07/2023
The Rise and Fall of Yevgeny Prigozhin
The mutiny in Russia led by Yevgeny Prigozhin this past week raises tough questions about the future of President Vladimir Putin. Adam and Cameron discuss the military and economic implications.
Also on the show: The economics of fireworks.
Learn more about your ad choices. Visit megaphone.fm/adchoices
38:1330/06/2023
The United States vs. Europe
Europeans recall a time when the European Union’s economy was substantially larger than America’s. But in the past 15 years, the United States has surged, while Europe has declined. On the show this week, Adam and Cameron discuss why that is and what the implications are on both sides of the Atlantic.
Also on the show: the economics of drones.
Learn more about your ad choices. Visit megaphone.fm/adchoices
38:0423/06/2023
Ukraine's Daunting Economic Rebuild
On today's episode, Adam and Cam look at the devastating impact Russia's war on Ukraine has had on Ukraine's infrastructure - in particular the destruction of the Kakhovka dam. In the second segment, the two reflect back on the life of former Italian Prime Minister Silvio Berlusconi and try to parse out how much his personal scandals impacted the national economy.
Learn more about your ad choices. Visit megaphone.fm/adchoices
36:2416/06/2023
The Economics of High Art
An exhibition in Amsterdam of the Dutch painter Johannes Vermeer's works has been sold out for months. But what's in it for the museum hosting the collection? Adam and Cameron discuss the economics of high art and blockbuster art shows.
Also on the podcast: The economics of professional basketball.
Learn more about your ad choices. Visit megaphone.fm/adchoices
37:1309/06/2023
Introducing Foreign Policy Live
As a special bonus this week, U.S. climate envoy John Kerry joins Foreign Policy’s editor in chief Ravi Agrawal on our new show, Foreign Policy Live. Each week, Agrawal sits down with world leaders and policy experts on the issues that matter most to you. Watch these conversations live by going to foreignpolicy.com/live or listen to the podcast every Friday.
Learn more about your ad choices. Visit megaphone.fm/adchoices
44:4005/06/2023
Tech's New Trillionaire
It's a great time to be in the AI business. Just ask Nvidia, the AI chip company that doubled in value this year. Cameron and Adam discuss whether it's overvalued... or worth every penny.
Also on the show: the economics of Mexico.
Learn more about your ad choices. Visit megaphone.fm/adchoices
47:2602/06/2023
Ones and Tooze, Live From Berlin
This episode is a recording of a live show Adam and Cameron held at the Prachtwerk in Berlin on May 25, 2023. Topics include the American debt ceiling and Germany's role in the world.
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:34:4626/05/2023
How Turkey’s Economy Explains Its Election Results (or Doesn’t)
Turkish President Recep Tayyip Erdoğan's unorthodox monetary policies have caused surging inflation and a currency crisis. And, yet, most voters don't seem to mind. Adam and Cameron analyze Turkey's economy and politics in this episode.
Also on the show: Why is olive oil suddenly so expensive?
Learn more about your ad choices. Visit megaphone.fm/adchoices
31:1619/05/2023
Could Green Hydrogen Revolutionize the Energy Sector?
In today's episode Cameron and Adam take a look at the emergence of green hydrogen and its potential for being a major boon to places like Africa and India. Adam also talks about how this green energy source ,which generates a tremendous amount of heat, will help reduce emissions for creating steel and other industrial processes.
In the second segment, grab your backpack, Cameron and Adam take a look at European travel on the cheap. They discuss low cost travel options, hosteling, and which European countries offer the most bang for the buck. (Hint...try Albania!)
Learn more about your ad choices. Visit megaphone.fm/adchoices
37:0712/05/2023
Is JPMorgan Chase Bank Helping the Banking Industry or Itself?
JPMorgan Chase has come to the rescue of the banking industry once again by buying the doomed First Republic Bank. On this week's show, Adam and Cameron discuss what JPMorgan gets from the deal (spoiler alert: higher profits and even more sway in the U.S. financial system).
Learn more about your ad choices. Visit megaphone.fm/adchoices
34:1005/05/2023
Can the U.S. Solve the China Dilemma?
The Biden administration has a tough dilemma to work out: how to push back against China's geopolitical ambitions while also maintaining vital economic ties. In this episode Adam and Cameron explore what levers are available to the US and its EU partners to still exert influence and why in the end the existing world powers may need to completely rethink China's role in global institutions.
And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Tickets are almost all sold out so don't wait!
https://www.podfestberlin.com/event-details/ones-and-tooze-live
Learn more about your ad choices. Visit megaphone.fm/adchoices
33:3528/04/2023
What Saudi Arabia's Reconciliation With Iran Means for the Region
Iran and Saudi Arabia are exchanging ambassadors a month after announcing their resumptions of diplomatic ties. What will this detente mean for economics in the region?
And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Their last show in New York City sold out quickly, so don’t wait!
https://www.podfestberlin.com/event-details/ones-and-tooze-live
Learn more about your ad choices. Visit megaphone.fm/adchoices
30:2521/04/2023
The Economics of Sneakers
On this episode, Cameron and Adam discuss the Nike Air juggernaut: how Michael Jordan's basketball shoes became a multi-billion dollar enterprise. Also on the show, how austerity measures in Greece contributed a deadly train crash there earlier this year.
And a quick note to our listeners in Berlin... Adam and Cameron will be taping a live episode of Ones and Tooze on May 25 at Prachtwerk Berlin. Click on the link below for tickets. Their last show in New York City sold out quickly, so don’t wait!
https://www.podfestberlin.com/event-details/ones-and-tooze-live
Learn more about your ad choices. Visit megaphone.fm/adchoices
39:1814/04/2023
The Economics of South Africa Since Apartheid
This week on the show, Adam and Cameron discuss the economy of South Africa, which has come a long way since the end of apartheid in 1990. South Africa is now number 36 on the list of countries ranked according to GDP. But deep economic inequalities persist, as a legacy of the apartheid era.
Learn more about your ad choices. Visit megaphone.fm/adchoices
31:2707/04/2023
Berlin Economics
Hosts Cameron Abadi and Adam Tooze talk about Berlin, Cam’s home town, on this week’s episode. They grapple with the recent mayoral election and what it says about the economy there.
Before that, Cam and Adam dig into climate change news. According to the latest report from the Intergovernmental Panel on Climate Change (IPCC), it seems increasingly unlikely the world will be able to limit global warming to 1.5°C. Adam and Cam discuss what countries should be doing with this new information.
Learn more about your ad choices. Visit megaphone.fm/adchoices
46:0231/03/2023
Why Iraq's Economy Never Recovered From The U.S. Invasion
It's been 20 years since the U.S. invaded Iraq and the toll continues to mount. Hundreds of thousands died in the fighting and millions were displaced, when you count the ancillary wars that rippled across the region. Adam and Cameron focus their discussion this week on Iraq's economy, which was devastated by the war and has never fully recovered.
Learn more about your ad choices. Visit megaphone.fm/adchoices
26:2524/03/2023
The Non-Bailout Bailout
Adam and Cameron discuss what really caused Silicon Valley Bank to collapse and what other potential calamities to look for in the coming weeks and months.
Learn more about your ad choices. Visit megaphone.fm/adchoices
30:4717/03/2023
The ESG Backlash
Environmentally conscious investing has been a thing for at least two decades now, with many corporations around the world embracing it. But the backlash is now a thing as well, driven largely by anti-woke activists and lawmakers. On the show this week, Adam and Cameron explain the mechanics of ESG—environmental, social and governance investing—and break down the arguments for and against.
Also on the show: The economics of divorce.
Learn more about your ad choices. Visit megaphone.fm/adchoices
43:1910/03/2023
U.S. Heading For Soft Landing?
According to the Bureau of Labor Statistics, U.S. inflation rates only rose by half a percentage point in January – the slowest annual rate for inflation in more than a year. Still, after periods of inflation, most economists expect a recession in the near future. But will it be a hard landing recession with many job losses, or a less painful soft landing?
On this week’s episode, hosts Cameron Abadi and Adam Tooze discuss how plausible a soft landing scenario may be. Plus: the financials of therapy, the fourth part of Adam and Cam's special series on the economics of love.
Learn more about your ad choices. Visit megaphone.fm/adchoices
39:1703/03/2023
The Miracle of Poland
Poland has had an incredible economic rise since the collapse of communism, even as its government has become increasingly illiberal. Are the two things connected? Or contradictory? Adam and Cameron dig in.
Also on the episode: The economics of marriage.
Learn more about your ad choices. Visit megaphone.fm/adchoices
40:3924/02/2023
Move Over Elon Musk
As Elon Musk's fortune dwindles to a mere $190 billion, a new oligarch has been crowned the richest person in the world: Bernard Arnault of France. On the episode this week, Cameron and Adam discuss how Arnault made his money and what his empire tells us about his home country.
Also on the show: the economics of chocolate.
Learn more about your ad choices. Visit megaphone.fm/adchoices
37:0717/02/2023
The Economics of Dating Apps
This week's episode happens to overlap with Valentine's Day, so we thought we'd use that as an opportunity to start a new series on the economics of love. For the next several weeks, we're going to be spending part of every show talking about romantic relationships from an economic perspective.
We thought we'd start this week with the place that most romantic relationships tend to start, and that is with dating, specifically with dating apps. And the data point there is 39 39%. That is the share of all heterosexual couples who now report having met their partner online. That makes online including dating apps the most popular single method of meeting a romantic partner more popular than all the traditional avenues, whether through family friends at a bar, their work, church in the neighborhood, etc..
And actually, that means heterosexual couples are only now catching up to same sex couples. 65% of same sex couples say they met their partner online. So they have been ahead of the curve. All this adds up to dating apps, being in the center of our national romantic life. So we thought we'd dig in...
Learn more about your ad choices. Visit megaphone.fm/adchoices
30:3510/02/2023
Introducing Heat of the Moment
A special bonus this week, we share an episode from Heat of The Moment, a podcast from FP and the Climate Investment Funds which offers a hopeful perspective on the climate crisis. The latest season focuses on a "just transition," the idea that as we shift to climate-smarter energy, food systems, infrastructure, and more, we bring everyone along. Also that the communities and industries who historically made their living from fossil fuels or unsustainable practices, for example, aren't left behind. And that those most vulnerable to the effects of this transition are heard and also reap the benefits of this new economy.
Follow the series here on Apple or wherever you get your podcasts.
Learn more about your ad choices. Visit megaphone.fm/adchoices
26:2706/02/2023
How India's Adani Group Lost Billions Overnight
When activist short-seller Hindenburg Research issued a scathing report about the Adani Group this past week, the value of the Indian conglomerate plunged quickly. Adam and Cameron discuss Hindenburg's findings and what they say about the Indian economy.
Learn more about your ad choices. Visit megaphone.fm/adchoices
32:5303/02/2023
Are Tanks Really a Game Changer in Ukraine?
With news that Western countries will send tanks to Ukraine, Cameron and Adam discuss how the weapon system could help fend off Russia—and why it won't.
Learn more about your ad choices. Visit megaphone.fm/adchoices
31:0427/01/2023
Happy Birthday COVID
Three years ago, a new virus wreaked havoc on China and triggered a public health and economic crisis around the world. Today, COVID is still roiling China and destabilizing the world economy.
\
Learn more about your ad choices. Visit megaphone.fm/adchoices
31:2120/01/2023