Ones and Tooze

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.
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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.
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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?
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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.
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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.
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