Trade wars. Financial panics. Inflation. How come it feels like it’s all bad news in the global economy these days? Economist Eswar Prasad’s answer: something he calls the ‘doom loop.’ That’s where massive geopolitical and economic forces feed off each other and send us careening into disorder. Sounds dire. But it’s not hopeless.
On today’s show, are we in a doom loop? And if we are … how do we get out of one?
Eswar Prasad’s new book is called “The Doom Loop: Why the World Economic Order Is Spiraling into Disorder”.
Related episodes:
Is the financial media making us miserable about the economy?
Why are some nations richer?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
Engines of Our Ingenuity - The Engines of Our Ingenuity 3351: Crossbow
Episode: 3351 The curious struggle of the Crossbow. History is full of instances where armies cling to outmoded weapons.
Global News Podcast - Japan’s prime minister wins landslide election victory
Japan's prime minister, Sanae Takaichi, has led her party to a decisive election victory. Her Liberal Democratic Party won more than two thirds of the seats in the lower house of parliament. It gives Ms Takaichi wide scope to push through her conservative agenda. She's promised to boost defence spending, tighten immigration and revise Japan's pacifist constitution. Also: Thailand's incumbent prime minister has claimed victory, after early vote counts gave him a big lead in the country's general election. The Hong Kong media tycoon and pro-democracy campaigner, Jimmy Lai, has been sentenced to twenty years in prison under the territory's strict national security law, which China says is necessary for stability. The man convicted of shooting dead fifty one people at two mosques in New Zealand seven years ago has begun an appeal against his conviction and sentence. The Seattle Seahawks have won the Super Bowl -- the biggest prize in American football.
It Could Happen Here - Why Fascists Have Adopted A Suicidal Penguin as a Mascot
Garrison explains why the online right are memeing about a penguin who fled its colony to march to its own death, and how this deranged penguin reflects fascism as a suicidal state.
See omnystudio.com/listener for privacy information.
array(3) { [0]=> string(150) "https://www.omnycontent.com/d/programs/e73c998e-6e60-432f-8610-ae210140c5b1/78d30acb-8463-4c40-a5ae-ae2d0145c9ff/image.jpg?t=1751824393&size=Large" [1]=> string(10) "image/jpeg" [2]=> int(0) }The World in Brief from The Economist - Takaichi Sanae triumphs in Japan; Jimmy Lai sentenced, and more
Takaichi Sanae won a landslide victory in Japan’s snap election.
Hosted on Acast. See acast.com/privacy for more information.
Good Bad Billionaire - Peggy Cherng: Engineering a fast-food fortune
Peggy Cherng never set out to work in fast food, but her engineering mindset transformed how millions of Americans eat. Journalist Zing Tsjeng and BBC business editor Simon Jack trace Peggy Cherng’s journey: from electrical engineering and simulating battlefields, to co-founding Panda Express with her husband Andrew and becoming a billionaire. By applying data and rigorous standardisation, Peggy Cherng helped turn a single mall food-court experiment into the largest Chinese fast-food chain in the USA, with their orange chicken becoming a cultural staple. Good Bad Billionaire is the podcast that explores the lives of the super-rich and famous, tracking their wealth, philanthropy, business ethics, and success. There are leaders who made their money in Silicon Valley, on Wall Street and in high street fashion. From iconic celebrities and CEOs to titans of technology, the podcast unravels tales of fortune, power, economics, ambition and moral responsibility. Simon and Zing put their subjects to the test with a playful, totally unscientific scorecard — then hand the verdict over to you: are they good, bad, or simply billionaires? Here's how to contact the team: email goodbadbillionaire@bbc.com or send a text or WhatsApp to +1 (917) 686-1176. Find out more about the show and read our privacy notice at www.bbcworldservice.com/goodbadbillionaire
The Economics of Everyday Things - 12. Women’s Sports Bars
Most sports bars rarely screen women's games. Zachary Crockett taps into the strategy of one woman who set out to change the channel. This episode was originally published on July 30th, 2023.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Getting Hammered® - America 250: Washington’s General Orders on Prayer and Ammo
A weekend read of Washington's General Orders from Cambridge on Feb. 7, 1776. He is establishing pay for the Army's chaplains at $33.50 per month and advising officers how to create and distribute ammo. Washington also mentions Connecticut chaplain Abiel Leonard, who volunteered in 1775 to serve as one of a handful of chaplains before the army was even established as the Continental Army. Leonard was one of the first-ever chaplains to serve in the Army Corps of Chaplains, whcih was established in July 1775 and still exists today, boasting some 3,000 chaplains. Washington thought chaplains important to the morale and moral character of the troops, as well as in bolstering them for courage in the fight instead of desertion. Washington appreciated Leonard so much he once wrote to his home church asking if they could spare him for the Army some time longer and Gen. Israel Putnam (of Bunker Hill fame) petitioned Congress for backpay for his service in 1775.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Newshour - Japan’s PM Takaichi on course for landslide victory in snap election
Japan's governing coalition led by Prime Minister Sanae Takaichi, is projected to have won two-thirds of the seats in the House of Representatives. Ms Takaichi sought and got a clear public mandate in a general election she called just four months after becoming leader of the Liberal Democratic Party.
Also, the Iranian Nobel peace laureate, Narges Mohammadi, has received another prison sentence - for what the court said was "collusion to commit crimes."
And we speak to one of the Epstein survivors who had a relationship with him for two years.
(Photo: Sanae Takaichi appeared at the LDP headquarters on Sunday night for the vote count. Credit: Getty Images)
Consider This from NPR - What does it mean when the president urges Republicans to “nationalize the voting”?
The power to regulate federal elections rests with states and Congress, according to the Constitution. Yet President Trump repeatedly questioned the integrity of election systems, despite no evidence of widespread voter fraud, and in recent days has urged Republicans to take over voting operations in a number of states. Wendy Weiser, the vice president for democracy at the Brennan Center for Justice at NYU Law School, a think tank and voting rights advocacy group, examines the administration’s actions ahead of the midterm elections.
This episode was produced by Henry Larson and Kai McNamee, with audio engineering by Damian Herring.
It was edited by Sarah Robbins and Ahmad Damen. Our executive producer is Sami Yenigun.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
Email us at considerthis@npr.org.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy