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Ones and Tooze

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/.

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29 episodes
weekly
Avg 48 min
English

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Friday · 51 min
Gridlock in the U.S. Housing Market
The housing market in the United States is in gridlock these days, largely because of high interest rates. The average 30-year fixed mortgage rate is now above 7 percent, making it difficult for would-be first-time buyers to get into the market. Adam and Cameron discuss the broader implications for the U.S. economy. Also on the show: Brazil’s presidential election Learn more about your ad choices. Visit megaphone.fm/adchoices
September 25 · 45 min
Francis Fukuyama
Adam and Cameron discuss the newly released memoir of Francis Fukuyama, the American political scientist whose influential paper in 1989—which was later expanded into a book—posited that liberal democracy had won the world's ideological battle. The thesis was heralded as prescient when the Berlin wall fell a short time later but has been subjected to much criticism over the years. In the memoir, In the Realm of the Last Man, Fukuyama sets out to account for events that have transpired since 1989. Learn more about your ad choices. Visit megaphone.fm/adchoices
September 18 · 35 min
AI Regulation
The head of Anthropic last week called on the U.S. government to regulate AI companies to avoid catastrophic outcomes. But, as Adam and Cameron point out, the conversation itself raises broader questions about the structure of the AI marketplace, the efficacy of existing liability laws, and the very nature of capitalism. Learn more about your ad choices. Visit megaphone.fm/adchoices
September 11 · 1 hr 1 min
Germany’s AFD
The far-right Alternative for Germany’s recent landslide victory in a small state in eastern Germany is part of a broader political story unfolding across Europe. It is also—and perhaps primarily—an economic story. Learn more about your ad choices. Visit megaphone.fm/adchoices
September 4 · 51 min
Back to School
Nearly 1.5 billion children will attend primary or secondary school around the world this year—about 1 in 6 people on the planet. Adam and Cameron discuss the economics around sending children to school. Also on the show: The economics of Lichtenstein. Learn more about your ad choices. Visit megaphone.fm/adchoices
August 28 · 58 min
What's Up With the U.S. Bond Market?
The yield on 30-year U.S. Treasury bonds has been spiking lately, at one point reaching its highest level in some two decades. That means that the government is paying more to borrow—as government debt officially passed the $40 trillion mark this week. Adam and Cameron discuss. Also on the show: Adam returns from the Venice Biennale. Learn more about your ad choices. Visit megaphone.fm/adchoices
August 21 · 29 min
Germany's Rhine Is Drying Up
Germany's longest river is drying up, with water levels reaching as low as 8 inches in some spots—the lowest reading since Germany started keeping records almost 150 years ago. Adam and Cameron discuss the economic impact, including shipping disruptions and supply chain problems. Learn more about your ad choices. Visit megaphone.fm/adchoices
August 14 · 35 min
Unemployment Crisis in India
India is facing an unemployment crisis among young college graduates—some 40 percent of whom are struggling to find work. Adam and Cameron discuss the implications for India and the potential impact of the Cockroach Janta Party movement. Learn more about your ad choices. Visit megaphone.fm/adchoices
August 7 · 34 min
Super Yachts
On this episode, Adam and Cameron discuss the economics of super yachts—a global industry worth up to $22 billion. Learn more about your ad choices. Visit megaphone.fm/adchoices
July 31 · 39 min
The Odyssey
The poem written some 2,700 years ago and the contemporary film directed by Christopher Nolan are the topic of this week’s show. Adam and Cameron discuss the economic and philosophical underpinnings of the story. Learn more about your ad choices. Visit megaphone.fm/adchoices
July 24 · 35 min
The Economics of Andy Burnham
Britain’s new prime minister, Andy Burnham, calls his economic philosophy “Manchesterism,” after the city he led as mayor. But the term has meant different things since it was coined in the 19th century. Adam and Cameron dig in. Learn more about your ad choices. Visit megaphone.fm/adchoices
July 17 · 42 min
Spain vs. Argentina
This year's FIFA Men's World Cup final pits Spain against Argentina, two countries with a former colonial relationship and complicated social and economic ties. Adam and Cameron trace the relationship's history. Learn more about your ad choices. Visit megaphone.fm/adchoices
July 10 · 45 min
The AI Arms Race
Private investment in artificial intelligence in 2025 reached nearly $300 billion and is likely to grow this year. The companies making those investments include Microsoft, Google, Amazon, and Meta. Who’s winning the AI arms race, and what does it mean for the economy—and for humanity? Learn more about your ad choices. Visit megaphone.fm/adchoices
July 2 · 46 min
When in the Course of Human Events
The Declaration of Independence, which founded the United States as an independent nation, was written in 1776—the same year that Adam Smith published The Wealth of Nations, the most prominent early treatise on international capitalism. Whether that represents a coincidence remains an ongoing debate. What’s clear, however, is that over the past two and a half centuries, the United States emerged as a slave economy, a free labor economy, a debtor nation, a creditor nation, and ultimately a powerful empire. Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices
June 26 · 39 min
Summer Davos
Adam and Cameron recorded this episode from Dalian, China, where they’re attending the World Economic Forum’s 17th Annual Meeting of the New Champions, known as “Summer Davos.” They discuss the economy of China. Learn more about your ad choices. Visit megaphone.fm/adchoices
June 19 · 48 min
Two Topics: Brexit and D-Day
As the 10th anniversary of the Brexit referendum approaches, Adam and Cameron discuss the impact on the British economy. Also on the show: The Allied invasion of Normandy. Learn more about your ad choices. Visit megaphone.fm/adchoices
June 12 · 58 min
Live From Berlin
Germany is considering a package of reforms to reduce its welfare state and make the economy more productive. This would include changes to labor laws, welfare payments to the unemployed, and the retirement age. In this live show in Berlin, Adam and Cameron discuss the potential reforms and also the Tempelhofer Feld, a huge park in Berlin where some Germans now want to build apartments to address the city’s housing crisis. Learn more about your ad choices. Visit megaphone.fm/adchoices
June 5 · 58 min
Is Europe Falling Behind?
Real disposal income has grown in the United States much faster than in Europe since the beginning of the century. Does that mean European economies are falling behind? It’s a debate some prominent economists are having lately, including Nobel winners Paul Krugman and Philippe Aghion. Adam and Cameron discuss. Also on the show: The economics of Morocco. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 29 · 1 hr 3 min
The Postwar Iranian Economy
A long-term truce deal between the United States and Iran would likely include some sanctions relief in exchange for the opening of the Strait of Hormuz. Adam and Cameron discuss where that would leave Iran and how the war has changed some core economic positions in the region. Also on the show: the economics of bodybuilding. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 22 · 49 min
Taiwan
Taiwan runs a huge trade surplus, which is partly due to its chip manufacturing industry. Adam and Cameron discuss how the surplus affects Taiwan and other issues related to its economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

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