Podcast appearances and mentions of John Cassidy

Does capitalism deserve its bad rap? Zachary and Emma speak with John Cassidy, longtime staff writer at The New Yorker and author of several acclaimed books on economics, including his recent work, Capitalism and Its Critics: A History from the Industrial Revolution to AI. He discusses the current sentiment on capitalism along with historical context and a look to the future. John also elaborates on the “arms race” within the AI industry, the impact of climate change on today's economics, and the financial shock of recent globalization. What Could Go Right? is produced by The Progress Network and The Podglomerate. For transcripts, to join the newsletter, and for more information, visit: theprogressnetwork.org Watch the podcast on YouTube: ⁠⁠⁠https://www.youtube.com/theprogressnetwork⁠⁠⁠ And follow us on X, Instagram, Facebook, TikTok: @progressntwrk Learn more about your ad choices. Visit megaphone.fm/adchoices

The Lincoln Project’s Stuart Stevens parses Elon and Trump’s breakup and the case for nationalizing SpaceX and Starlink. The New Yorker’s John Cassidy details his book Capitalism and Its Critics: A History — From the Industrial Revolution to AI.See omnystudio.com/listener for privacy information.

John Cassidy, author of Capitalism and Its Critics, discusses just that. Sandeep Vaheesan, author of a recent article for Boston Review, looks at abundance — neoliberal vs. genuine. Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global. Find the archive online: https://www.leftbusinessobserver.com/radio.html

Ali Velshi is joined by Professor of Law at University of Baltimore School of Law Kimberly Wehle, retired Lieutenant Colonel Alexander Vindman, candidate for U.S. Senator in South Carolina Annie Andrews, staff writer at The New Yorker John Cassidy, staff writer at The New Yorker Sheelah Kolhatkar

Behind the News, 5/29/25 - guests: John Cassidy on capitalism and its critics • Sandeep Vaheesan on abundance, neoliberal and genuine - Doug Henwood

John Cassidy, author of Capitalism and Its Critics, on just that • Sandeep Vaheesan, author of this review, will talk about abundance—neoliberal vs. genuine The post Capitalism and its critics, real abundance vs. bogue abundance appeared first on KPFA.

Between rising unemployment and a shrinking supply of entry level jobs, it seems like the job market's on everyone's mind. On this week's TLDR, how AI has changed the process of getting a job — and why no one seems too happy about it. Plus, over its 250 year history, industrial capitalism has offered humanity some huge advances — along with a huge number of critics. New Yorker writer John Cassidy, author of the new book Capitalism and Its Critics: A History: From the Industrial Revolution to AI, explains.This episode was hosted by Devin Friedman, business reporter Sarah Rieger and former hedgefunder Matthew Karasz, with an appearance by journalist John Cassidy. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldrThe TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.

Capitalism and government go hand in hand – one feeding the other Some people think of economic history as a trifle dry, but how can you resist a book that includes quotes like these: “The love of money (as a possession) is… a somewhat disgusting morbidity.” (Keynes). “Capitalism is an economic system, but it's also so much more than that. It's become a sort of ideology, this all-encompassing force that rules over our lives and our minds.”  (Rund Abdelfatah) How many critics of Capitalism can you name? I bet you can only think of a very few. Marx and Engels, I suppose. Keynes. Maybe Thomas Picketty in recent years. But … Continue reading →

Yesterday, the self-styled San Francisco “progressive” Joan Williams was on the show arguing that Democrats need to relearn the language of the American working class. But, as some of you have noted, Williams seems oblivious to the fact that politics is about more than simply aping other people's language. What you say matters, and the language of American working class, like all industrial working classes, is rooted in a critique of capitalism. She should probably read the New Yorker staff writer John Cassidy's excellent new book, Capitalism and its Critics, which traces capitalism's evolution and criticism from the East India Company through modern times. He defines capitalism as production for profit by privately-owned companies in markets, encompassing various forms from Chinese state capitalism to hyper-globalization. The book examines capitalism's most articulate critics including the Luddites, Marx, Engels, Thomas Carlisle, Adam Smith, Rosa Luxemburg, Keynes & Hayek, and contemporary figures like Sylvia Federici and Thomas Piketty. Cassidy explores how major economists were often critics of their era's dominant capitalist model, and untangles capitalism's complicated relationship with colonialism, slavery and AI which he regards as a potentially unprecedented economic disruption. This should be essential listening for all Democrats seeking to reinvent a post Biden-Harris party and message. 5 key takeaways* Capitalism has many forms - From Chinese state capitalism to Keynesian managed capitalism to hyper-globalization, all fitting the basic definition of production for profit by privately-owned companies in markets.* Great economists are typically critics - Smith criticized mercantile capitalism, Keynes critiqued laissez-faire capitalism, and Hayek/Friedman opposed managed capitalism. Each generation's leading economists challenge their era's dominant model.* Modern corporate structure has deep roots - The East India Company was essentially a modern multinational corporation with headquarters, board of directors, stockholders, and even a private army - showing capitalism's organizational continuity across centuries.* Capitalism is intertwined with colonialism and slavery - Industrial capitalism was built on pre-existing colonial and slave systems, particularly through the cotton industry and plantation economies.* AI represents a potentially unprecedented disruption - Unlike previous technological waves, AI may substitute rather than complement human labor on a massive scale, potentially creating political backlash exceeding even the "China shock" that contributed to Trump's rise.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Full TranscriptAndrew Keen: Hello, everybody. A couple of days ago, we did a show with Joan Williams. She has a new book out, "Outclassed: How the Left Lost the Working Class and How to Win Them Back." A book about language, about how to talk to the American working class. She also had a piece in Jacobin Magazine, an anti-capitalist magazine, about how the left needs to speak to what she calls average American values. We talked, of course, about Bernie Sanders and AOC and their language of fighting oligarchy, and the New York Times followed that up with "The Enduring Power of Anti-Capitalism in American Politics."But of course, that brings the question: what exactly is capitalism? I did a little bit of research. We can find definitions of capitalism from AI, from Wikipedia, even from online dictionaries, but I thought we might do a little better than relying on Wikipedia and come to a man who's given capitalism and its critics a great deal of thought. John Cassidy is well known as a staff writer at The New Yorker. He's the author of a wonderful book, the best book, actually, on the dot-com insanity. And his new book, "Capitalism and its Critics," is out this week. John, congratulations on the book.So I've got to be a bit of a schoolmaster with you, John, and get some definitions first. What exactly is capitalism before we get to criticism of it?John Cassidy: Yeah, I mean, it's a very good question, Andrew. Obviously, through the decades, even the centuries, there have been many different definitions of the term capitalism and there are different types of capitalism. To not be sort of too ideological about it, the working definition I use is basically production for profit—that could be production of goods or mostly in the new and, you know, in today's economy, production of services—for profit by companies which are privately owned in markets. That's a very sort of all-encompassing definition.Within that, you can have all sorts of different types of capitalism. You can have Chinese state capitalism, you can have the old mercantilism, which industrial capitalism came after, which Trump seems to be trying to resurrect. You can have Keynesian managed capitalism that we had for 30 or 40 years after the Second World War, which I grew up in in the UK. Or you can have sort of hyper-globalization, hyper-capitalism that we've tried for the last 30 years. There are all those different varieties of capitalism consistent with a basic definition, I think.Andrew Keen: That keeps you busy, John. I know you started this project, which is a big book and it's a wonderful book. I read it. I don't always read all the books I have on the show, but I read from cover to cover full of remarkable stories of the critics of capitalism. You note in the beginning that you began this in 2016 with the beginnings of Trump. What was it about the 2016 election that triggered a book about capitalism and its critics?John Cassidy: Well, I was reporting on it at the time for The New Yorker and it struck me—I covered, I basically covered the economy in various forms for various publications since the late 80s, early 90s. In fact, one of my first big stories was the stock market crash of '87. So yes, I am that old. But it seemed to me in 2016 when you had Bernie Sanders running from the left and Trump running from the right, but both in some way offering very sort of similar critiques of capitalism. People forget that Trump in 2016 actually was running from the left of the Republican Party. He was attacking big business. He was attacking Wall Street. He doesn't do that these days very much, but at the time he was very much posing as the sort of outsider here to protect the interests of the average working man.And it seemed to me that when you had this sort of pincer movement against the then ruling model, this wasn't just a one-off. It seemed to me it was a sort of an emerging crisis of legitimacy for the system. And I thought there could be a good book written about how we got to here. And originally I thought it would be a relatively short book just based on the last sort of 20 or 30 years since the collapse of the Cold War and the sort of triumphalism of the early 90s.But as I got into it more and more, I realized that so many of the issues which had been raised, things like globalization, rising inequality, monopoly power, exploitation, even pollution and climate change, these issues go back to the very start of the capitalist system or the industrial capitalist system back in sort of late 18th century, early 19th century Britain. So I thought, in the end, I thought, you know what, let's just do the whole thing soup to nuts through the eyes of the critics.There have obviously been many, many histories of capitalism written. I thought that an original way to do it, or hopefully original, would be to do a sort of a narrative through the lives and the critiques of the critics of various stages. So that's, I hope, what sets it apart from other books on the subject, and also provides a sort of narrative frame because, you know, I am a New Yorker writer, I realize if you want people to read things, you've got to make it readable. Easiest way to make things readable is to center them around people. People love reading about other people. So that's sort of the narrative frame. I start off with a whistleblower from the East India Company back in the—Andrew Keen: Yeah, I want to come to that. But before, John, my sense is that to simplify what you're saying, this is a labor of love. You're originally from Leeds, the heart of Yorkshire, the center of the very industrial revolution, the first industrial revolution where, in your historical analysis, capitalism was born. Is it a labor of love? What's your family relationship with capitalism? How long was the family in Leeds?John Cassidy: Right, I mean that's a very good question. It is a labor of love in a way, but it's not—our family doesn't go—I'm from an Irish family, family of Irish immigrants who moved to England in the 1940s and 1950s. So my father actually did start working in a big mill, the Kirkstall Forge in Leeds, which is a big steel mill, and he left after seeing one of his co-workers have his arms chopped off in one of the machinery, so he decided it wasn't for him and he spent his life working in the construction industry, which was dominated by immigrants as it is here now.So I don't have a—it's not like I go back to sort of the start of the industrial revolution, but I did grow up in the middle of Leeds, very working class, very industrial neighborhood. And what a sort of irony is, I'll point out, I used to, when I was a kid, I used to play golf on a municipal golf course called Gotts Park in Leeds, which—you know, most golf courses in America are sort of in the affluent suburbs, country clubs. This was right in the middle of Armley in Leeds, which is where the Victorian jail is and a very rough neighborhood. There's a small bit of land which they built a golf course on. It turns out it was named after one of the very first industrialists, Benjamin Gott, who was a wool and textile industrialist, and who played a part in the Luddite movement, which I mention.So it turns out, I was there when I was 11 or 12, just learning how to play golf on this scrappy golf course. And here I am, 50 years later, writing about Benjamin Gott at the start of the Industrial Revolution. So yeah, no, sure. I think it speaks to me in a way that perhaps it wouldn't to somebody else from a different background.Andrew Keen: We did a show with William Dalrymple, actually, a couple of years ago. He's been on actually since, the Anglo or Scottish Indian historian. His book on the East India Company, "The Anarchy," is a classic. You begin in some ways your history of capitalism with the East India Company. What was it about the East India Company, John, that makes it different from other for-profit organizations in economic, Western economic history?John Cassidy: I mean, I read that. It's a great book, by the way. That was actually quoted in my chapter on these. Yeah, I remember. I mean, the reason I focused on it was for two reasons. Number one, I was looking for a start, a narrative start to the book. And it seemed to me, you know, the obvious place to start is with the start of the industrial revolution. If you look at economics history textbooks, that's where they always start with Arkwright and all the inventors, you know, who were the sort of techno-entrepreneurs of their time, the sort of British Silicon Valley, if you could think of it as, in Lancashire and Derbyshire in the late 18th century.So I knew I had to sort of start there in some way, but I thought that's a bit pat. Is there another way into it? And it turns out that in 1772 in England, there was a huge bailout of the East India Company, very much like the sort of 2008, 2009 bailout of Wall Street. The company got into trouble. So I thought, you know, maybe there's something there. And I eventually found this guy, William Bolts, who worked for the East India Company, turned into a whistleblower after he was fired for finagling in India like lots of the people who worked for the company did.So that gave me two things. Number one, it gave me—you know, I'm a writer, so it gave me something to focus on a narrative. His personal history is very interesting. But number two, it gave me a sort of foundation because industrial capitalism didn't come from nowhere. You know, it was built on top of a pre-existing form of capitalism, which we now call mercantile capitalism, which was very protectionist, which speaks to us now. But also it had these big monopolistic multinational companies.The East India Company, in some ways, was a very modern corporation. It had a headquarters in Leadenhall Street in the city of London. It had a board of directors, it had stockholders, the company sent out very detailed instructions to the people in the field in India and Indonesia and Malaysia who were traders who bought things from the locals there, brought them back to England on their company ships. They had a company army even to enforce—to protect their operations there. It was an incredible multinational corporation.So that was also, I think, fascinating because it showed that even in the pre-existing system, you know, big corporations existed, there were monopolies, they had royal monopolies given—first the East India Company got one from Queen Elizabeth. But in some ways, they were very similar to modern monopolistic corporations. And they had some of the problems we've seen with modern monopolistic corporations, the way they acted. And Bolts was the sort of first corporate whistleblower, I thought. Yeah, that was a way of sort of getting into the story, I think. Hopefully, you know, it's just a good read, I think.William Bolts's story because he was—he came from nowhere, he was Dutch, he wasn't even English and he joined the company as a sort of impoverished young man, went to India like a lot of English minor aristocrats did to sort of make your fortune. The way the company worked, you had to sort of work on company time and make as much money as you could for the company, but then in your spare time you're allowed to trade for yourself. So a lot of the—without getting into too much detail, but you know, English aristocracy was based on—you know, the eldest child inherits everything, so if you were the younger brother of the Duke of Norfolk, you actually didn't inherit anything. So all of these minor aristocrats, so major aristocrats, but who weren't first born, joined the East India Company, went out to India and made a fortune, and then came back and built huge houses. Lots of the great manor houses in southern England were built by people from the East India Company and they were known as Nabobs, which is an Indian term. So they were the sort of, you know, billionaires of their time, and it was based on—as I say, it wasn't based on industrial capitalism, it was based on mercantile capitalism.Andrew Keen: Yeah, the beginning of the book, which focuses on Bolts and the East India Company, brings to mind for me two things. Firstly, the intimacy of modern capitalism, modern industrial capitalism with colonialism and of course slavery—lots of books have been written on that. Touch on this and also the relationship between the birth of capitalism and the birth of liberalism or democracy. John Stuart Mill, of course, the father in many ways of Western democracy. His day job, ironically enough, or perhaps not ironically, was at the East India Company. So how do those two things connect, or is it just coincidental?John Cassidy: Well, I don't think it is entirely coincidental, I mean, J.S. Mill—his father, James Mill, was also a well-known philosopher in the sort of, obviously, in the earlier generation, earlier than him. And he actually wrote the official history of the East India Company. And I think they gave his son, the sort of brilliant protégé, J.S. Mill, a job as largely as a sort of sinecure, I think. But he did go in and work there in the offices three or four days a week.But I think it does show how sort of integral—the sort of—as you say, the inheritor and the servant in Britain, particularly, of colonial capitalism was. So the East India Company was, you know, it was in decline by that stage in the middle of the 19th century, but it didn't actually give up its monopoly. It wasn't forced to give up its monopoly on the Indian trade until 1857, after, you know, some notorious massacres and there was a sort of public outcry.So yeah, no, that's—it's very interesting that the British—it's sort of unique to Britain in a way, but it's interesting that industrial capitalism arose alongside this pre-existing capitalist structure and somebody like Mill is a sort of paradoxical figure because actually he was quite critical of aspects of industrial capitalism and supported sort of taxes on the rich, even though he's known as the great, you know, one of the great apostles of the free market and free market liberalism. And his day job, as you say, he was working for the East India Company.Andrew Keen: What about the relationship between the birth of industrial capitalism, colonialism and slavery? Those are big questions and I know you deal with them in some—John Cassidy: I think you can't just write an economic history of capitalism now just starting with the cotton industry and say, you know, it was all about—it was all about just technical progress and gadgets, etc. It was built on a sort of pre-existing system which was colonial and, you know, the slave trade was a central element of that. Now, as you say, there have been lots and lots of books written about it, the whole 1619 project got an incredible amount of attention a few years ago. So I didn't really want to rehash all that, but I did want to acknowledge the sort of role of slavery, especially in the rise of the cotton industry because of course, a lot of the raw cotton was grown in the plantations in the American South.So the way I actually ended up doing that was by writing a chapter about Eric Williams, a Trinidadian writer who ended up as the Prime Minister of Trinidad when it became independent in the 1960s. But when he was younger, he wrote a book which is now regarded as a classic. He went to Oxford to do a PhD, won a scholarship. He was very smart. I won a sort of Oxford scholarship myself but 50 years before that, he came across the Atlantic and did an undergraduate degree in history and then did a PhD there and his PhD thesis was on slavery and capitalism.And at the time, in the 1930s, the link really wasn't acknowledged. You could read any sort of standard economic history written by British historians, and they completely ignored that. He made the argument that, you know, slavery was integral to the rise of capitalism and he basically started an argument which has been raging ever since the 1930s and, you know, if you want to study economic history now you have to sort of—you know, have to have to address that. And the way I thought, even though the—it's called the Williams thesis is very famous. I don't think many people knew much about where it came from. So I thought I'd do a chapter on—Andrew Keen: Yeah, that chapter is excellent. You mentioned earlier the Luddites, you're from Yorkshire where Luddism in some ways was born. One of the early chapters is on the Luddites. We did a show with Brian Merchant, his book, "Blood in the Machine," has done very well, I'm sure you're familiar with it. I always understood the Luddites as being against industrialization, against the machine, as opposed to being against capitalism. But did those two things get muddled together in the history of the Luddites?John Cassidy: I think they did. I mean, you know, Luddites, when we grew up, I mean you're English too, you know to be called a Luddite was a term of abuse, right? You know, you were sort of antediluvian, anti-technology, you're stupid. It was only, I think, with the sort of computer revolution, the tech revolution of the last 30, 40 years and the sort of disruptions it's caused, that people have started to look back at the Luddites and say, perhaps they had a point.For them, they were basically pre-industrial capitalism artisans. They worked for profit-making concerns, small workshops. Some of them worked for themselves, so they were sort of sole proprietor capitalists. Or they worked in small venues, but the rise of industrial capitalism, factory capitalism or whatever, basically took away their livelihoods progressively. So they associated capitalism with new technology. In their minds it was the same. But their argument wasn't really a technological one or even an economic one, it was more a moral one. They basically made the moral argument that capitalists shouldn't have the right to just take away their livelihoods with no sort of recompense for them.At the time they didn't have any parliamentary representation. You know, they weren't revolutionaries. The first thing they did was create petitions to try and get parliament to step in, sort of introduce some regulation here. They got turned down repeatedly by the sort of—even though it was a very aristocratic parliament, places like Manchester and Leeds didn't have any representation at all. So it was only after that that they sort of turned violent and started, you know, smashing machines and machines, I think, were sort of symbols of the system, which they saw as morally unjust.And I think that's sort of what—obviously, there's, you know, a lot of technological disruption now, so we can, especially as it starts to come for the educated cognitive class, we can sort of sympathize with them more. But I think the sort of moral critique that there's this, you know, underneath the sort of great creativity and economic growth that capitalism produces, there is also a lot of destruction and a lot of victims. And I think that message, you know, is becoming a lot more—that's why I think why they've been rediscovered in the last five or ten years and I'm one of the people I guess contributing to that rediscovery.Andrew Keen: There's obviously many critiques of capitalism politically. I want to come to Marx in a second, but your chapter, I thought, on Thomas Carlyle and this nostalgic conservatism was very important and there are other conservatives as well. John, do you think that—and you mentioned Trump earlier, who is essentially a nostalgist for a—I don't know, some sort of bizarre pre-capitalist age in America. Is there something particularly powerful about the anti-capitalism of romantics like Carlyle, 19th century Englishman, there were many others of course.John Cassidy: Well, I think so. I mean, I think what is—conservatism, when we were young anyway, was associated with Thatcherism and Reaganism, which, you know, lionized the free market and free market capitalism and was a reaction against the pre-existing form of capitalism, Keynesian capitalism of the sort of 40s to the 80s. But I think what got lost in that era was the fact that there have always been—you've got Hayek up there, obviously—Andrew Keen: And then Keynes and Hayek, the two—John Cassidy: Right, it goes to the end of that. They had a great debate in the 1930s about these issues. But Hayek really wasn't a conservative person, and neither was Milton Friedman. They were sort of free market revolutionaries, really, that you'd let the market rip and it does good things. And I think that that sort of a view, you know, it just became very powerful. But we sort of lost sight of the fact that there was also a much older tradition of sort of suspicion of radical changes of any type. And that was what conservatism was about to some extent. If you think about Baldwin in Britain, for example.And there was a sort of—during the Industrial Revolution, some of the strongest supporters of factory acts to reduce hours and hourly wages for women and kids were actually conservatives, Tories, as they were called at the time, like Ashley. That tradition, Carlyle was a sort of extreme representative of that. I mean, Carlyle was a sort of proto-fascist, let's not romanticize him, he lionized strongmen, Frederick the Great, and he didn't really believe in democracy. But he also had—he was appalled by the sort of, you know, the—like, what's the phrase I'm looking for? The sort of destructive aspects of industrial capitalism, both on the workers, you know, he said it was a dehumanizing system, sounded like Marx in some ways. That it dehumanized the workers, but also it destroyed the environment.He was an early environmentalist. He venerated the environment, was actually very strongly linked to the transcendentalists in America, people like Thoreau, who went to visit him when he visited Britain and he saw the sort of destructive impact that capitalism was having locally in places like Manchester, which were filthy with filthy rivers, etc. So he just saw the whole system as sort of morally bankrupt and he was a great writer, Carlyle, whatever you think of him. Great user of language, so he has these great ringing phrases like, you know, the cash nexus or calling it the Gospel of Mammonism, the shabbiest gospel ever preached under the sun was industrial capitalism.So, again, you know, that's a sort of paradoxical thing, because I think for so long conservatism was associated with, you know, with support for the free market and still is in most of the Republican Party, but then along comes Trump and sort of conquers the party with a, you know, more skeptical, as you say, romantic, not really based on any reality, but a sort of romantic view that America can stand by itself in the world. I mean, I see Trump actually as a sort of an effort to sort of throw back to mercantile capitalism in a way. You know, which was not just pre-industrial, but was also pre-democracy, run by monarchs, which I'm sure appeals to him, and it was based on, you know, large—there were large tariffs. You couldn't import things in the UK. If you want to import anything to the UK, you have to send it on a British ship because of the navigation laws. It was a very protectionist system and it's actually, you know, as I said, had a lot of parallels with what Trump's trying to do or tries to do until he backs off.Andrew Keen: You cheat a little bit in the book in the sense that you—everyone has their own chapter. We'll talk a little bit about Hayek and Smith and Lenin and Friedman. You do have one chapter on Marx, but you also have a chapter on Engels. So you kind of cheat. You combine the two. Is it possible, though, to do—and you've just written this book, so you know this as well as anyone. How do you write a book about capitalism and its critics and only really give one chapter to Marx, who is so dominant? I mean, you've got lots of Marxists in the book, including Lenin and Luxemburg. How fundamental is Marx to a criticism of capitalism? Is most criticism, especially from the left, from progressives, is it really just all a footnote to Marx?John Cassidy: I wouldn't go that far, but I think obviously on the left he is the central figure. But there's an element of sort of trying to rebuild Engels a bit in this. I mean, I think of Engels and Marx—I mean obviously Marx wrote the great classic "Capital," etc. But in the 1840s, when they both started writing about capitalism, Engels was sort of ahead of Marx in some ways. I mean, the sort of materialist concept, the idea that economics rules everything, Engels actually was the first one to come up with that in an essay in the 1840s which Marx then published in one of his—in the German newspaper he worked for at the time, radical newspaper, and he acknowledged openly that that was really what got him thinking seriously about economics, and even in the late—in 20, 25 years later when he wrote "Capital," all three volumes of it and the Grundrisse, just these enormous outpourings of analysis on capitalism.He acknowledged Engels's role in that and obviously Engels wrote the first draft of the Communist Manifesto in 1848 too, which Marx then topped and tailed and—he was a better writer obviously, Marx, and he gave it the dramatic language that we all know it for. So I think Engels and Marx together obviously are the central sort of figures in the sort of left-wing critique. But they didn't start out like that. I mean, they were very obscure, you've got to remember.You know, they were—when they were writing, Marx was writing "Capital" in London, it never even got published in English for another 20 years. It was just published in German. He was basically an expat. He had been thrown out of Germany, he had been thrown out of France, so England was last resort and the British didn't consider him a threat so they were happy to let him and the rest of the German sort of left in there. I think it became—it became the sort of epochal figure after his death really, I think, when he was picked up by the left-wing parties, which are especially the SPD in Germany, which was the first sort of socialist mass party and was officially Marxist until the First World War and there were great internal debates.And then of course, because Lenin and the Russians came out of that tradition too, Marxism then became the official doctrine of the Soviet Union when they adopted a version of it. And again there were massive internal arguments about what Marx really meant, and in fact, you know, one interpretation of the last 150 years of left-wing sort of intellectual development is as a sort of argument about what did Marx really mean and what are the important bits of it, what are the less essential bits of it. It's a bit like the "what did Keynes really mean" that you get in liberal circles.So yeah, Marx, obviously, this is basically an intellectual history of critiques of capitalism. In that frame, he is absolutely a central figure. Why didn't I give him more space than a chapter and a chapter and a half with Engels? There have been a million books written about Marx. I mean, it's not that—it's not that he's an unknown figure. You know, there's a best-selling book written in Britain about 20 years ago about him and then I was quoting, in my biographical research, I relied on some more recent, more scholarly biographies. So he's an endlessly fascinating figure but I didn't want him to dominate the book so I gave him basically the same space as everybody else.Andrew Keen: You've got, as I said, you've got a chapter on Adam Smith who's often considered the father of economics. You've got a chapter on Keynes. You've got a chapter on Friedman. And you've got a chapter on Hayek, all the great modern economists. Is it possible, John, to be a distinguished economist one way or the other and not be a critic of capitalism?John Cassidy: Well, I don't—I mean, I think history would suggest that the greatest economists have been critics of capitalism in their own time. People would say to me, what the hell have you got Milton Friedman and Friedrich Hayek in a book about critics of capitalism? They were great exponents, defenders of capitalism. They loved the system. That is perfectly true. But in the 1930s, 40s, 50s, 60s, and 70s, middle of the 20th century, they were actually arch-critics of the ruling form of capitalism at the time, which was what I call managed capitalism. What some people call Keynesianism, what other people call European social democracy, whatever you call it, it was a model of a mixed economy in which the government played a large role both in propping up demand and in providing an extensive social safety net in the UK and providing public healthcare and public education. It was a sort of hybrid model.Most of the economy in terms of the businesses remained in private hands. So most production was capitalistic. It was a capitalist system. They didn't go to the Soviet model of nationalizing everything and Britain did nationalize some businesses, but most places didn't. The US of course didn't but it was a form of managed capitalism. And Hayek and Friedman were both great critics of that and wanted to sort of move back to 19th century laissez-faire model.Keynes was a—was actually a great, I view him anyway, as really a sort of late Victorian liberal and was trying to protect as much of the sort of J.S. Mill view of the world as he could, but he thought capitalism had one fatal flaw: that it tended to fall into recessions and then they can snowball and the whole system can collapse which is what had basically happened in the early 1930s until Keynesian policies were adopted. Keynes sort of differed from a lot of his followers—I have a chapter on Joan Robinson in there, who were pretty left-wing and wanted to sort of use Keynesianism as a way to shift the economy quite far to the left. Keynes didn't really believe in that. He has a famous quote that, you know, once you get to full employment, you can then rely on the free market to sort of take care of things. He was still a liberal at heart.Going back to Adam Smith, why is he in a book on criticism of capitalism? And again, it goes back to what I said at the beginning. He actually wrote "The Wealth of Nations"—he explains in the introduction—as a critique of mercantile capitalism. His argument was that he was a pro-free trader, pro-small business, free enterprise. His argument was if you get the government out of the way, we don't need these government-sponsored monopolies like the East India Company. If you just rely on the market, the sort of market forces and competition will produce a good outcome. So then he was seen as a great—you know, he is then seen as the apostle of free market capitalism. I mean when I started as a young reporter, when I used to report in Washington, all the conservatives used to wear Adam Smith badges. You don't see Donald Trump wearing an Adam Smith badge, but that was the case.He was also—the other aspect of Smith, which I highlight, which is not often remarked on—he's also a critic of big business. He has a famous section where he discusses the sort of tendency of any group of more than three businessmen when they get together to try and raise prices and conspire against consumers. And he was very suspicious of, as I say, large companies, monopolies. I think if Adam Smith existed today, I mean, I think he would be a big supporter of Lina Khan and the sort of antitrust movement, he would say capitalism is great as long as you have competition, but if you don't have competition it becomes, you know, exploitative.Andrew Keen: Yeah, if Smith came back to live today, you have a chapter on Thomas Piketty, maybe he may not be French, but he may be taking that position about how the rich benefit from the structure of investment. Piketty's core—I've never had Piketty on the show, but I've had some of his followers like Emmanuel Saez from Berkeley. Yeah. How powerful is Piketty's critique of capitalism within the context of the classical economic analysis from Hayek and Friedman? Yeah, it's a very good question.John Cassidy: It's a very good question. I mean, he's a very paradoxical figure, Piketty, in that he obviously shot to world fame and stardom with his book on capital in the 21st century, which in some ways he obviously used the capital as a way of linking himself to Marx, even though he said he never read Marx. But he was basically making the same argument that if you leave capitalism unrestrained and don't do anything about monopolies etc. or wealth, you're going to get massive inequality and he—I think his great contribution, Piketty and the school of people, one of them you mentioned, around him was we sort of had a vague idea that inequality was going up and that, you know, wages were stagnating, etc.What he and his colleagues did is they produced these sort of scientific empirical studies showing in very simple to understand terms how the sort of share of income and wealth of the top 10 percent, the top 5 percent, the top 1 percent and the top 0.1 percent basically skyrocketed from the 1970s to about 2010. And it was, you know, he was an MIT PhD. Saez, who you mentioned, is a Berkeley professor. They were schooled in neoclassical economics at Harvard and MIT and places like that. So the right couldn't dismiss them as sort of, you know, lefties or Trots or whatever who're just sort of making this stuff up. They had to acknowledge that this was actually an empirical reality.I think it did change the whole basis of the debate and it was sort of part of this reaction against capitalism in the 2010s. You know it was obviously linked to the sort of Sanders and the Occupy Wall Street movement at the time. It came out of the—you know, the financial crisis as well when Wall Street disgraced itself. I mean, I wrote a previous book on all that, but people have sort of, I think, forgotten the great reaction against that a decade ago, which I think even Trump sort of exploited, as I say, by using anti-banker rhetoric at the time.So, Piketty was a great figure, I think, from, you know, I was thinking, who are the most influential critics of capitalism in the 21st century? And I think you'd have to put him up there on the list. I'm not saying he's the only one or the most eminent one. But I think he is a central figure. Now, of course, you'd think, well, this is a really powerful critic of capitalism, and nobody's going to pick up, and Bernie's going to take off and everything. But here we are a decade later now. It seems to be what the backlash has produced is a swing to the right, not a swing to the left. So that's, again, a sort of paradox.Andrew Keen: One person I didn't expect to come up in the book, John, and I was fascinated with this chapter, is Silvia Federici. I've tried to get her on the show. We've had some books about her writing and her kind of—I don't know, you treat her critique as a feminist one. The role of women. Why did you choose to write a chapter about Federici and that feminist critique of capitalism?John Cassidy: Right, right. Well, I don't think it was just feminist. I'll explain what I think it was. Two reasons. Number one, I wanted to get more women into the book. I mean, it's in some sense, it is a history of economics and economic critiques. And they are overwhelmingly written by men and women were sort of written out of the narrative of capitalism for a very long time. So I tried to include as many sort of women as actual thinkers as I could and I have a couple of early socialist feminist thinkers, Anna Wheeler and Flora Tristan and then I cover some of the—I cover Rosa Luxemburg as the great sort of tribune of the left revolutionary socialist, communist whatever you want to call it. Anti-capitalist I think is probably also important to note about. Yeah, and then I also have Joan Robinson, but I wanted somebody to do something in the modern era, and I thought Federici, in the world of the Wages for Housework movement, is very interesting from two perspectives.Number one, Federici herself is a Marxist, and I think she probably would still consider herself a revolutionary. She's based in New York, as you know now. She lived in New York for 50 years, but she came from—she's originally Italian and came out of the Italian left in the 1960s, which was very radical. Do you know her? Did you talk to her? I didn't talk to her on this. No, she—I basically relied on, there has been a lot of, as you say, there's been a lot of stuff written about her over the years. She's written, you know, she's given various long interviews and she's written a book herself, a version, a history of housework, so I figured it was all there and it was just a matter of pulling it together.But I think the critique, why the critique is interesting, most of the book is a sort of critique of how capitalism works, you know, in the production or you know, in factories or in offices or you know, wherever capitalist operations are working, but her critique is sort of domestic reproduction, as she calls it, the role of unpaid labor in supporting capitalism. I mean it goes back a long way actually. There was this moment, I sort of trace it back to the 1940s and 1950s when there were feminists in America who were demonstrating outside factories and making the point that you know, the factory workers and the operations of the factory, it couldn't—there's one of the famous sort of tire factory in California demonstrations where the women made the argument, look this factory can't continue to operate unless we feed and clothe the workers and provide the next generation of workers. You know, that's domestic reproduction. So their argument was that housework should be paid and Federici took that idea and a couple of her colleagues, she founded the—it's a global movement, but she founded the most famous branch in New York City in the 1970s. In Park Slope near where I live actually.And they were—you call it feminists, they were feminists in a way, but they were rejected by the sort of mainstream feminist movement, the sort of Gloria Steinems of the world, who Federici was very critical of because she said they ignored, they really just wanted to get women ahead in the sort of capitalist economy and they ignored the sort of underlying from her perspective, the underlying sort of illegitimacy and exploitation of that system. So they were never accepted as part of the feminist movement. They're to the left of the Feminist Movement.Andrew Keen: You mentioned Keynes, of course, so central in all this, particularly his analysis of the role of automation in capitalism. We did a show recently with Robert Skidelsky and I'm sure you're familiar—John Cassidy: Yeah, yeah, great, great biography of Keynes.Andrew Keen: Yeah, the great biographer of Keynes, whose latest book is "Mindless: The Human Condition in the Age of AI." You yourself wrote a brilliant book on the last tech mania and dot-com capitalism. I used it in a lot of my writing and books. What's your analysis of AI in this latest mania and the role generally of manias in the history of capitalism and indeed in critiquing capitalism? Is AI just the next chapter of the dot-com boom?John Cassidy: I think it's a very deep question. I think I'd give two answers to it. In one sense it is just the latest mania the way—I mean, the way capitalism works is we have these, I go back to Kondratiev, one of my Russian economists who ended up being killed by Stalin. He was the sort of inventor of the long wave theory of capitalism. We have these short waves where you have sort of booms and busts driven by finance and debt etc. But we also have long waves driven by technology.And obviously, in the last 40, 50 years, the two big ones are the original deployment of the internet and microchip technology in the sort of 80s and 90s culminating in the dot-com boom of the late 90s, which as you say, I wrote about. Thanks very much for your kind comments on the book. If you just sort of compare it from a financial basis I think they are very similar just in terms of the sort of role of hype from Wall Street in hyping up these companies. The sort of FOMO aspect of it among investors that they you know, you can't miss out. So just buy the companies blindly. And the sort of lionization in the press and the media of, you know, of AI as the sort of great wave of the future.So if you take a sort of skeptical market based approach, I would say, yeah, this is just another sort of another mania which will eventually burst and it looked like it had burst for a few weeks when Trump put the tariffs up, now the market seemed to be recovering. But I think there is, there may be something new about it. I am not, I don't pretend to be a technical expert. I try to rely on the evidence of or the testimony of people who know the systems well and also economists who have studied it. It seems to me the closer you get to it the more alarming it is in terms of the potential shock value that there is there.I mean Trump and the sort of reaction to a larger extent can be traced back to the China shock where we had this global shock to American manufacturing and sort of hollowed out a lot of the industrial areas much of it, like industrial Britain was hollowed out in the 80s. If you, you know, even people like Altman and Elon Musk, they seem to think that this is going to be on a much larger scale than that and will basically, you know, get rid of the professions as they exist. Which would be a huge, huge shock. And I think a lot of the economists who studied this, who four or five years ago were relatively optimistic, people like Daron Acemoglu, David Autor—Andrew Keen: Simon Johnson, of course, who just won the Nobel Prize, and he's from England.John Cassidy: Simon, I did an event with Simon earlier this week. You know they've studied this a lot more closely than I have but I do interview them and I think five, six years ago they were sort of optimistic that you know this could just be a new steam engine or could be a microchip which would lead to sort of a lot more growth, rising productivity, rising productivity is usually associated with rising wages so sure there'd be short-term costs but ultimately it would be a good thing. Now, I think if you speak to them, they see since the, you know, obviously, the OpenAI—the original launch and now there's just this huge arms race with no government involvement at all I think they're coming to the conclusion that rather than being developed to sort of complement human labor, all these systems are just being rushed out to substitute for human labor. And it's just going, if current trends persist, it's going to be a China shock on an even bigger scale.You know what is going to, if that, if they're right, that is going to produce some huge political backlash at some point, that's inevitable. So I know—the thing when the dot-com bubble burst, it didn't really have that much long-term impact on the economy. People lost the sort of fake money they thought they'd made. And then the companies, obviously some of the companies like Amazon and you know Google were real genuine profit-making companies and if you bought them early you made a fortune. But AI does seem a sort of bigger, scarier phenomenon to me. I don't know. I mean, you're close to it. What do you think?Andrew Keen: Well, I'm waiting for a book, John, from you. I think you can combine dot-com and capitalism and its critics. We need you probably to cover it—you know more about it than me. Final question, I mean, it's a wonderful book and we haven't even scratched the surface everyone needs to get it. I enjoyed the chapter, for example, on Karl Polanyi and so much more. I mean, it's a big book. But my final question, John, is do you have any regrets about anyone you left out? The one person I would have liked to have been included was Rawls because of his sort of treatment of capitalism and luck as a kind of casino. I'm not sure whether you gave any thought to Rawls, but is there someone in retrospect you should have had a chapter on that you left out?John Cassidy: There are lots of people I left out. I mean, that's the problem. I mean there have been hundreds and hundreds of critics of capitalism. Rawls, of course, incredibly influential and his idea of the sort of, you know, the veil of ignorance that you should judge things not knowing where you are in the income distribution and then—Andrew Keen: And it's luck. I mean the idea of some people get lucky and some people don't.John Cassidy: It is the luck of the draw, obviously, what card you pull. I think that is a very powerful critique, but I just—because I am more of an expert on economics, I tended to leave out philosophers and sociologists. I mean, you know, you could say, where's Max Weber? Where are the anarchists? You know, where's Emma Goldman? Where's John Kenneth Galbraith, the sort of great mid-century critic of American industrial capitalism? There's so many people that you could include. I mean, I could have written 10 volumes. In fact, I refer in the book to, you know, there's always been a problem. G.D.H. Cole, a famous English historian, wrote a history of socialism back in the 1960s and 70s. You know, just getting to 1850 took him six volumes. So, you've got to pick and choose, and I don't claim this is the history of capitalism and its critics. That would be a ridiculous claim to make. I just claim it's a history written by me, and hopefully the people are interested in it, and they're sufficiently diverse that you can address all the big questions.Andrew Keen: Well it's certainly incredibly timely. Capitalism and its critics—more and more of them. Sometimes they don't even describe themselves as critics of capitalism when they're talking about oligarchs or billionaires, they're really criticizing capitalism. A must read from one of America's leading journalists. And would you call yourself a critic of capitalism, John?John Cassidy: Yeah, I guess I am, to some extent, sure. I mean, I'm not a—you know, I'm not on the far left, but I'd say I'm a center-left critic of capitalism. Yes, definitely, that would be fair.Andrew Keen: And does the left need to learn? Does everyone on the left need to read the book and learn the language of anti-capitalism in a more coherent and honest way?John Cassidy: I hope so. I mean, obviously, I'd be talking my own book there, as they say, but I hope that people on the left, but not just people on the left. I really did try to sort of be fair to the sort of right-wing critiques as well. I included the Carlyle chapter particularly, obviously, but in the later chapters, I also sort of refer to this emerging critique on the right, the sort of economic nationalist critique. So hopefully, I think people on the right could read it to understand the critiques from the left, and people on the left could read it to understand some of the critiques on the right as well.Andrew Keen: Well, it's a lovely book. It's enormously erudite and simultaneously readable. Anyone who likes John Cassidy's work from The New Yorker will love it. Congratulations, John, on the new book, and I'd love to get you back on the show as anti-capitalism in America picks up steam and perhaps manifests itself in the 2028 election. Thank you so much.John Cassidy: Thanks very much for inviting me on, it was fun.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

REALIGNMENT NEWSLETTER: https://therealignment.substack.com/PURCHASE BOOKS AT OUR BOOKSHOP: https://bookshop.org/shop/therealignmentEmail Us: realignmentpod@gmail.comJohn Cassidy, New Yorker Staff Writer and author of Capitalism and Its Critics: A History from the Industrial Revolution to AI, joins The Realignment. Marshall and John discuss the rise of anti-capitalist sentiment on the left and right, from President Trump's economic nationalism to the democratic socialism of Senator Bernie Sanders, the missed opportunities of the globalization era, the failures of trade policy, the coming AI disruption, and tensions between tech and democracy.

We’re staring down the several crises in our economy—and recalling the grand old joke that it’s easier to imagine the end of the world than the end of capitalism. John Cassidy. John Cassidy of The ...

John Cassidy, staff writer at The New Yorker and the author of Capitalism and Its Critics: A History: From the Industrial Revolution to AI (Macmillan, 2025), traces the last three hundred years of global capitalism from its beginnings. 

Amid rising concerns about AI, inequality, trade wars, and globalization, New Yorker staff writer and Pulitzer Prize finalist John Cassidy takes a bold approach: he tells the story of capitalism through its most influential critics. From the Luddites and early communists to the Wages for Housework movement and modern degrowth advocates, Cassidy's global narrative features both iconic thinkers—Smith, Marx, Keynes—and lesser-known voices like Flora Tristan, J.C. Kumarappa, and Samir Amin. John Cassidy has been a staff writer at The New Yorker since 1995. He writes a regular column, The Financial Page. He holds degrees from Oxford, Columbia, and New York Universities. His new book is Capitalism and Its Critics: A History from the Industrial Revolution to AI.

For a long time, Republicans and many Democrats espoused some version of free-trade economics that would have been familiar to Adam Smith. But Donald Trump breaks radically with that tradition, embracing a form of protectionism that resulted in his extremely broad and chaotic tariff proposals, which tanked markets and deepened the fear of a global recession. John Cassidy writes The New Yorker's The Financial Page column, and he's been covering economics for the magazine since 1995. His new book, “Capitalism and Its Critics: A History,” takes a long view of these debates, and breaks down some of the arguments that have shaped the U.S.'s current economic reality. “Capitalism itself has put its worst face forward in the last twenty or thirty years through the growth of huge monopolies which seem completely beyond any public control or accountability,” Cassidy tells David Remnick. “And young people—they look at capitalism and the economy through the prism of environmentalism now in a way that they didn't in our generation.”

For a long time, Republicans and many Democrats espoused some version of free-trade economics that would have been familiar to Adam Smith. But Donald Trump breaks radically with that tradition, embracing a form of protectionism that resulted in his extremely broad and chaotic tariff proposals, which tanked markets and deepened the fear of a global recession. John Cassidy writes The New Yorker's The Financial Page column, and he's been covering economics for the magazine since 1995. His new book, “Capitalism and Its Critics: A History,” takes a long view of these debates, and breaks down some of the arguments that have shaped the U.S.'s current economic reality. “Capitalism itself has put its worst face forward in the last twenty or thirty years through the growth of huge monopolies which seem completely beyond any public control or accountability,” Cassidy tells David Remnick. “And young people—they look at capitalism and the economy through the prism of environmentalism now in a way that they didn't in our generation.” Learn about your ad choices: dovetail.prx.org/ad-choices

The staff writer John Cassidy joins Tyler Foggatt to discuss the recent meltdown of the U.S. stock market, Donald Trump's long-standing support for tariffs, and what the potential death of an American-dominated free-trade system could mean for the global economy. This week's reading: “Will Trumpian Uncertainty Knock the Economy Into a Recession?,” by John Cassidy “Who Gets to Determine Greenland's Future?,” by Louise Bokkenheuser “What's Next for Ukraine?,” by Joshua Yaffa  “Canada, the Northern Outpost of Sanity,” by Bill McKibben “Can Americans Still Be Convinced That Principle Is Worth Fighting For?,” by Jay Caspian Kang “Donald Trump's A.I. Propaganda,” by Kyle Chayka To discover more podcasts from The New Yorker, visit newyorker.com/podcasts. To send feedback on this episode, write to themail@newyorker.com. Learn about your ad choices: dovetail.prx.org/ad-choices

What caused this morning's earthquake? Guest: Dr. John Cassidy, Senior Research Scientist with Natural Resources Canada and Adjunct Professor of Earthquake Seismology at the University of Victoria Learn more about your ad choices. Visit megaphone.fm/adchoices

What caused this morning's earthquake? Guest: Dr. John Cassidy, Senior Research Scientist with Natural Resources Canada and Adjunct Professor of Earthquake Seismology at the University of Victoria Is the White House using misleading data on Canadian fentanyl? Guest: Kathryn Blaze-Baum, Investigative Reporter for the Globe and Mail Can you predict who will win an Oscar? Guest: Andre Spicer, Professor of Organisational Behaviour at the University of London's Bayes Business School who also studies “Oscarology” The Masterless Men of Butter Pot Guest: Craig Baird, Host of the Podcast “Canada History Ehx” What caused Trump and Zelenskyy's heated confrontation? Guest: Stefan Wolff, Professor of International Security at the University of Birmingham How the trade war is affecting American franchises in Canada Guest: Chad Finkelstein, Partner at Dale & Lessman LLP, and chair of the firms franchising, licensing and distribution group. Learn more about your ad choices. Visit megaphone.fm/adchoices

Our guest this week is Louis-Vincent Gave. Louis is founding partner and CEO of Gavekal Group, a research and financial services firm based in Hong Kong. After graduating from Duke University and studying Mandarin at Nanjing University, Louis joined the French Army, then went on to become a financial analyst at Paribas, first in Paris, then in Hong Kong. In 1999, he launched Gavekal with his father, Charles, and Anatole Kaletsky. Louis is the author of seven books, the latest being, Avoiding the Punch: Investing in Uncertain Times.BackgroundBioAvoiding the Punch: Investing in Uncertain TimesClash of Empires: Currencies and Power in a Multipolar WorldToo Different For ComfortA Roadmap For Troubling TimesThe End Is Not NighOur Brave New WorldSimple Economic Concepts For Financial MarketsChinaGavekal Dragonomics“China Enters the AI Chat (With Louis-Vincent Gave)” by Liz Ann Sonders and Kathy Jones, schwab.com, Feb. 14, 2025.“China Has ‘Leapfrogged' the West | Louis Vincent Gave,” Wealthion, youtube.com, Jan. 28, 2025.“China Overtaking the US in Strategic Sectors, Says Louis-Vincent Gave,” Financial Sense, Oct. 22, 2024.“Is DeepSeek China's Sputnik Moment?” by John Cassidy, The New Yorker, Feb. 3, 2025.XPENG“Xiaomi Automobile Super Factory, Producing One SU7 Every 76 Seconds,” Discover China Auto, youtube.com.“The Evergrande Crisis Explained: Should Investors Worry?” by Lewis Jackson, Morningstar.com, Sept. 22, 2021“China & the American Imperial Economy | Louis-Vincent Gave,” Hidden Forces podcast Episode 364, hiddenforces.io, May 14, 2024.“The 3 Warren Buffett Stocks to Buy After Berkshire Hathaway's New 13F Filing,” by Susan Dziubinski, Morningstar, Nov. 14, 2024Tariffs“Are US Tariffs A Tool Or A Goal?” by Louis-Vincent Gave, Evergreen Gavekal, Jan. 9, 2025.Asia and Emerging Markets“Louis-Vincent Gave—Prepare for a Boom in Emerging Markets,” by Robert Huebscher, Vettafi Advisor Perspectives, May, 8, 2023.BRICS Summit 2024Twilight of the Gods: War in the Western Pacific, 1944-1945, by Ian W. Toll, W.W. Norton & Company, 2020.

What do we know about Friday's earthquake, and could more be on the way? Guest: Dr. John Cassidy, Senior Research Scientist with Natural Resources Canada and Adjunct Professor of Earthquake Seismology at the University of Victoria Learn more about your ad choices. Visit megaphone.fm/adchoices

What do we know about Friday's earthquake, and could more be on the way? Guest: Dr. John Cassidy, Senior Research Scientist with Natural Resources Canada and Adjunct Professor of Earthquake Seismology at the University of Victoria What is BC doing with its wine industry waste? Guest: Kirk Moir, CEO of Crush Dynamics Why are Western Canada's glaciers melting so quickly? Guest: Dr. Brian Menounos, Professor of Earth Sciences at the University of Northern BC and Research Scientist with Natural Resources Canada How should you prepare for an earthquake? Guest: Naomi Yamamoto, Board Chair of the BC Earthquake Alliance How does BC want to change its interprovincial trade barriers? Guest: Diana Gibson, BC's Minister of Jobs, Economic Development and Innovation Learn more about your ad choices. Visit megaphone.fm/adchoices

Our guest on the podcast this week is John Cassidy, director of life sciences and healthtech investments at SoftBank Vision Fund.Softbank Vision Fund is the world's largest technology-focused investment fund, with $166bn assets under management, and a portfolio of more than 250 companies.In the discussion, we cover investment trends within life sciences, the European health and biotech scene, as well as the precise applications of new and emerging AI technologies. We also look ahead to what the biotech and life sciences fields may hold in 2025.00:55-02:03: About the SoftBank Vision Fund02:03-02:47: Developing timelines02:47-04:27: Managing a large portfolio04:27-11:18: Portfolio company profiles11:18-13:36: Investment criteria13:36-17:06: Trends in funding17:06-19:09: Effects of the US election19:09-21:45: How can companies reduce risk and raise funds?21:45-25:25: What sectors are attracting interest currently?25:25-27:49: Focusing on patients not profits27:49-29:53: The impact of AI 29:53-31:45: Focus on applications31:45-35:24: Trends in European biotech funding35:24-38:19: Trends for 2025Interested in being a sponsor of an episode of our podcast? Discover how you can get involved here! Stay updated by subscribing to our newsletter

John Cassidy, staff writer at The New Yorker, talks about the latest national economic news, including the jobs numbers, healthcare frustrations and President-elect Trump's pick for Treasury secretary. 

Wolverine attacks an enormous snowball while Professor X learns he has to pay child support on the latest episode of X-Men-Anime! Join us as we discuss...Election madness! The greatness of Penguino! Being surprised at the success of Agatha!Speculating again on Professor X's finances and whether or not he manipulates the stock market to make money!Scott and Emma, two super-models both negging each other into a relationship!Are you a scientist who runs a futuristic laboratory somewhere in the world? Well, there is a good chance you have had a romantic relationship with Charles Xavier!The X-Men TAS Podcast just opened a SECRET reddit group, join by clicking here! We are also on Twitch sometimes… click here to go to our page and follow and subscribe so you can join in on all the mysterious fun to be had! Also, make sure to subscribe to our podcast via Buzzsprout or iTunes and tell all your friends about it! Follow Willie Simpson on Twitter and Threads and please join our Facebook Group! Last but not least, if you want to support the show, you can Buy Us a Coffee as well!

On this episode of X-Men Anime we learn that the X-Men have to vote in new members in a secret council but Beast is excluded for reasons unexplained! Join us as we discuss...Greek Gods on Netflix and the passing of legendary X-Men artist John Cassidy...Realizing how hard it would be to make a good X-Mansion High TV Show!Trying, and failing, to use logic to figure out Storm's powers!Emma, an outcast for being both a mutant and being too beautiful!The X-Men TAS Podcast just opened a SECRET reddit group, join by clicking here! We are also on Twitch sometimes… click here to go to our page and follow and subscribe so you can join in on all the mysterious fun to be had! Also, make sure to subscribe to our podcast via Buzzsprout or iTunes and tell all your friends about it! Follow Willie Simpson on Twitter and Threads and please join our Facebook Group! Last but not least, if you want to support the show, you can Buy Us a Coffee as well!

A recent study has provided the most detailed look yet at the seafloor in an area capable of producing some of the world's most powerful earthquakes, highlighting that southern British Columbia and Washington State face the highest risk. Guest: Dr. John Cassidy, Senior Research Scientist with Natural Resources Canada and Adjunct Professor of Earthquake Seismology at the University of Victoria Learn more about your ad choices. Visit megaphone.fm/adchoices

Seg 1: Are pigeons intelligent? A new study on pigeon navigation and collective intelligence are challenging the perception that the bird species is not smart! Guest: Dr. Edwin Dalmaijer, Lecturer in Psychological Science at the University of Bristol Seg 2: What if restaurants had ‘contracts' to dine? We all love checking out a new restaurant but what if you could only go on certain conditions? Guest: Scott Shantz, CKNW Contributor Seg 3: View From Victoria: The RCMP is not done with BC A quiet unreleased letter is pouring cold water on the idea of creating a provincial police force as Ottawa says the RCMP is sticking with contract policing. We get a local look at the top political stories with the help of Rob Shaw, Political Correspondent for CHEK News. Seg 4: What's happening with Metro Vancouver's spending? Seven city councillors from the Lower Mainland are urging British Columbia Auditor General Michael Pickup to conduct a full audit of Metro Vancouver's North Shore wastewater treatment plant Guest: Mike Klassen, ABC City Councillor and Member of the Board of Metro Vancouver Seg 5: Do you suffer from Money Dysmorphia? How are you with money management? If it's a bit of an issue, you might have ‘money dysmorphia' Guest: Preet Banerjee, Wealth Management Consultant Seg 6: Is the “Big One” going to be bigger than expected? A recent study has provided the most detailed look yet at the seafloor in an area capable of producing some of the world's most powerful earthquakes, highlighting that southern British Columbia and Washington State face the highest risk. Guest: Dr. John Cassidy, Senior Research Scientist with Natural Resources Canada and Adjunct Professor of Earthquake Seismology at the University of Victoria Seg 7: Why is BC seeing a spike in high-risk offenders breaching parole? A Glacier Media investigation has revealed a rise in breaches of long-term supervision orders (LTSOs) by high-risk offenders in British Columbia. Guest: Jeremy Hainsworth, Crime, Court and Legal Affairs Reporter for Glacier Media Seg 8: How did explorers find Shackleton's shipwreck? The wreck of Sir Ernest Shackleton's final ship, the Quest, has been discovered off the coast of Labrador by an international search team. Guest: John Geiger, Chief Executive of the Royal Canadian Geographical Society Who Discovered the Ship Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the media campaign around Joseph Stiglitz's new book, The Road to Freedom, which coincides with the birthday of one of his favorite targets: F.A. Hayek. Is Stiglitz, a past champion of Hugo Chavez, someone we should trust with his vision of true freedom?Discussed on the Show “Clinton Adviser, Nobel Prize Winning Economist Endorsed Venezuelan Socialism” by Tho Bishop: https://Mises.org/RR_185_A“Sorry, Stiglitz: It's Socialism That's Rigged — not Capitalism” by William L. Anderson: https://Mises.org/RR_185_B“Freedom for the Wolves” by Joseph E. Stiglitz: https://Mises.org/RR_185_C“Neoliberal economics: The road to freedom or authoritarianism?” by Greg Rosalsky: https://Mises.org/RR_185_D“Joseph Stiglitz and the Meaning of Freedom” by John Cassidy: https://Mises.org/RR_185_EClaim your free copy of What Has Government Done to Our Money?: https://Mises.org/MoneyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the media campaign around Joseph Stiglitz's new book, The Road to Freedom, which coincides with the birthday of one of his favorite targets: F.A. Hayek. Is Stiglitz, a past champion of Hugo Chavez, someone we should trust with his vision of true freedom?Discussed on the Show “Clinton Adviser, Nobel Prize Winning Economist Endorsed Venezuelan Socialism” by Tho Bishop: https://Mises.org/RR_185_A“Sorry, Stiglitz: It's Socialism That's Rigged — not Capitalism” by William L. Anderson: https://Mises.org/RR_185_B“Freedom for the Wolves” by Joseph E. Stiglitz: https://Mises.org/RR_185_C“Neoliberal economics: The road to freedom or authoritarianism?” by Greg Rosalsky: https://Mises.org/RR_185_D“Joseph Stiglitz and the Meaning of Freedom” by John Cassidy: https://Mises.org/RR_185_EClaim your free copy of What Has Government Done to Our Money?: https://Mises.org/MoneyBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off

Gary invites you to a ringside seat to take in this year's Wheel of Fortune contest held at the Danderhall Miners' Club in Midlothian on the 21st of April 2024. This is one of the most exciting and imaginative competitions in the piping calendar, and produced some wonderful music again this year.  And you can hear it exclusively here in EYP!PlaylistCameron Drummond with Donald MacLellan of Rothesay, the Ewe with the Crooked Horn and Drumlithie. Craig Sutherland with the Liberton Pipe Band Polka, Mrs Crogan's Reel, McFadden's Reel, Isla's Bow, The Fourth Floor, Biddy from Sligo, Elizabeth Kelly's Delight, The Plenin Jig.  Ciaren Ross with Macleod of Mull, John Cassidy, Fear a Bhata, The Seagull, The Jug of Brown Ale, The lark in the Morning, Unknown, The Periwig. Ben Duncan with The Lonach Gathering, Thoughts of Burns, Miss Proud. Craig Muirhead with Ina MacKenzie, The Mysteries of Knock, O'Donovan's Jig, Donald Cameron's Powderhorn, Lachlan MacNeil of Kintarbert's Fancy, Polka, Ned Groggin, The Blacksmith, Alex C MacGregor.Support the show

John Cassidy, New Yorker staff writer and columnist on politics and economics, talks about the better-than-expected jobs report, the worse-than-expected inflation report and how both parties are responding to the perception and reality of the U.S. economy.

John Cassidy joins Tyler Foggatt to discuss President Biden's “bold proposal” to shift the tax burden back to the wealthy and tackle inflation, both key concerns for voters in the run-up to Election Day. The pair also considers why companies continue to rake in “bigger profits than ever before,” even as the economic fallout of the pandemic recedes.To discover more podcasts from The New Yorker, visit newyorker.com/podcasts. To send feedback on this episode, write to themail@newyorker.com.

John Cassidy got his life's calling five years ago. He decided to work in a car dealership and that changed the direction of his life. A chance conversation with a colleague who admired John's poetry asked him to write something about the showroom. At his desk he wrote “Showroom Wonder”. Copies spread like wildfire across the midlands UK earning the label the Motor Trade Poem that was loved and recited by car sales and service staff. The video footage went viral across 200 sites of the motor group. That day his hidden talent as an actor and performer launched him as the Car Showroom Performance Poet.

We got a chance to sit down with one of our favorites, Lt. John Cassidy from FDNY Haz Mat 1 to discuss an incident from 2015 that we can finally discuss. Here are the articles mentioned:  Article 1 Article 2 Article 3 Article 4  Thank you to our sponsor: First Line Technology  Our subscription plans are blowing up (not literally). Head over to the website to upgrade your learning by enrolling in the Technician and Specialist levels for even more content.  Register and enroll at THMG e-University here. Courses being added weekly! Our hazardous materials training manual is finally available on Amazon! Click here to get your copy.  Don't forget to rate, review, and subscribe. Thanks!  Thanks for listening and watching!  Don't just get on the job, get into the job!

Our topic in this episode is investing in AI, so we're delighted to have as our guest John Cassidy, a Partner at Kindred Capital, a UK-based venture capital firm. Before he became an investment professional, John co-founded CCG.ai, a precision oncology company which exited to Dante Labs in 2019.We discuss how the investment landscape is being transformed by the possibilities enabled by generative AI .Selected follow-ups:https://kindredcapital.vc/https://cradle.bio/https://scarletcomply.com/https://www.five.ai/Topics addressed in this episode include:*) The argument for investing not just in "platforms" but also in "picks and shovels" - items within the orchestration or infrastructure layers of new solutions*) Examples of recent investments by Kindred Capital*) Comparisons between the surge of excitement around generative AI and previous surges of excitement around crypto and dot-com*) Companies such as Amazon, Google, and Microsoft kept delivering value despite the crash of the dot-com bubble; will something similar apply with generative AI?*) The example of how Nvidia captures significant value in the chip manufacturing industry*) However, looking further back in history, many people who invested in the infrastructure of railways and canals lost lots of money*) Reasons why generative AI might produce large amounts of real value more quickly than previous technologies*) The example of Cradle Bio as enablers of protein engineering - and what might happen if Google upgrade their protein folding prediction software from AlphaFold 2 to AlphaFold 3*) Despite the changes in technological possibilities, what most interests VCs is the calibre of a company's founding team*) The search for individuals who have "creative destruction in their being" - people with a particular kind of irrational self-belief*) The contrast between crystallized intelligence and fluid intelligence - and why both are needed*) Advantages and disadvantages for investors being located in the UK vs. being located in the US*) Why doesn't Europe have tech giants?*) Complications with government regulation of tech industries*) The example of Scarlet as a company helping to streamline the regulation of medical software that is frequently updated*) Why government regulators need to engage with people in industry who are already immersed in considering safety and efficacy of products*) Wherever they are located, companies need to plan ahead for their products reaching new jurisdictions*) Ways in which AI is likely to impact industries in new ways in the near future*) The particular need to improve the efficiency of the later stages of clinical trials of new medical treatmentsAudio engineering by Alexander Chace.Music: Spike Protein, by Koi Discovery, available under CC0 1.0 Public Domain Declaration

**FREE Episodes released weekly on Mondays. Subscribers get ad free listening, early release and bonus episodes**In 1989 two Swedish backpackers, Heidi Paakkonen and Sven Urban Hoglin arrived in New Zealand for the trip of a lifetime. And never went home. They were last seen alive together in Thames on April 7th 1989. One year after their mysterious disappearance Urban Hoglin's body would be found and confirmed a brutal murder. But to this day Heidi's body has never been found. Season 3 of GUILT will see Ryan attempt to finally bring an end to this mystery and send Heidi home to her family where she belongs. Ryan will uncover never before heard witnesses, fresh evidence in a Season of the podcast that really has to be heard to be believed.If you have any information relevant to the case of the murder of Heidi Paakkonen and Urban Hoglin in 1989, please contact us. You can do this anonymously at brevitystudiosnz@gmail.comVoice Acting in this episode:Anna Waddell as Heidi PaakkonenJacob Master as John CassidyMusic:Theme Song: Traditional 'Polska Fran Knaggalve'Series Directed & Produced: Brevity StudiosHosted & Narrated: Ryan WolfSupport this show http://supporter.acast.com/guilt. Expand your listening experience and support the creation of this podcast by becoming an Acast+ Subscriber. Benefits include, Early Release, Ad Free Listening and Bonus Content. https://plus.acast.com/s/guilt. Hosted on Acast. See acast.com/privacy for more information.

Similar to Lebron James, John Cassidy is no stranger to leaning into discomfort to improve his game. In this reel, John discusses how we need to embrace discomfort in our practice routine to become better players. Check out my full interview with John Cassidy, Ex-PGA professional, master fitter, and instructor at the home course in DuPont, Washington. John is a regular on the pod - great guy, a fantastic player, and an instructor. Don't forget to check out previous episodes to get to know John personally. And if you want to reach out, he can be contacted via email at ⁠john.cassidy@thehomecourse.com⁠. If you're enjoying my interviews, please support me by giving me a 5-star rating on Spotify, Apple Podcasts, and Google Podcasts. I'm Daniel, and my mission is to provide you with a weekly episode packed with value. If you have any suggestions, feel free to contact me directly via email (daniel@figuringitoutmedia.com) or Instagram (@fiogolfpod). Thanks for tuning in! ----- Figuring It Out: A Golf Podcast - Daniel Badaracco, Figuring It Out Media Produced by Figuring It Out Media For Business Inquiries Contact: Daniel@figuringitoutmedia.com Figuring It Out: A Golf Podcast is Available on All Podcast Platforms --- Support this podcast: https://podcasters.spotify.com/pod/show/fiogolfpod/support

Check out my full interview with John Cassidy, Ex-PGA professional, master fitter, and instructor at the home course in DuPont, Washington. John is a regular on the pod - great guy, a fantastic player, and instructor. Don't forget to check out previous episodes to get to know John personally. And if you want to reach out, he can be contacted via email at ⁠⁠john.cassidy@thehomecourse.com⁠⁠. If you're enjoying my interviews, please support me by giving me a 5-star rating on Spotify, Apple Podcasts, and Google Podcasts. I'm Daniel, and my mission is to provide you with a weekly episode packed with value. If you have any suggestions, feel free to contact me directly via email (daniel@figuringitoutmedia.com) or Instagram (@fiogolfpod). Thanks for tuning in! ----- Figuring It Out: A Golf Podcast - Daniel Badaracco, Figuring It Out Media Produced by Figuring It Out Media For Business Inquiries Contact: Daniel@figuringitoutmedia.com Figuring It Out: A Golf Podcast is Available on All Podcast Platforms --- Support this podcast: https://podcasters.spotify.com/pod/show/fiogolfpod/support

Here's my first attempt at a Spotify Reel... first of hopefully many... let's see how this goes. John Cassidy is an ex-PGA Canada player and now the director of golf at the Home Course in DuPont, Washington. He's a very knowledgeable instructor and fitter. Check out our full episode where we discuss his experience getting dialed at The Kingdom and how he recommends his students to practice. --- Support this podcast: https://podcasters.spotify.com/pod/show/fiogolfpod/support

At what point should you stop hitting balls and get your A$$ on the course? Check out my full interview with John Cassidy, Ex-PGA professional, master fitter, and instructor at the home course in DuPont, Washington. John is a regular on the pod - great guy, a fantastic player, and an instructor. Don't forget to check out previous episodes to get to know John personally. And if you want to reach out, he can be contacted via email at ⁠⁠john.cassidy@thehomecourse.com⁠⁠. If you're enjoying my interviews, please support me by giving me a 5-star rating on Spotify, Apple Podcasts, and Google Podcasts. I'm Daniel, and my mission is to provide you with a weekly episode packed with value. If you have any suggestions, feel free to contact me directly via email (daniel@figuringitoutmedia.com) or Instagram (@fiogolfpod). Thanks for tuning in! ----- Figuring It Out: A Golf Podcast - Daniel Badaracco, Figuring It Out Media Produced by Figuring It Out Media For Business Inquiries Contact: Daniel@figuringitoutmedia.com Figuring It Out: A Golf Podcast is Available on All Podcast Platforms --- Support this podcast: https://podcasters.spotify.com/pod/show/fiogolfpod/support

This week John Cassidy, ex-PGA Tour Canada player and PGA Professional at The Home Course in Dupont, Washington, shares his experience getting fit at TaylorMade Golf's main performance center, The Kingdom in Carlsbad, California. He'll walk us through his WITB and give us insights on optimizing wedge gapping and wedge fittings. But that's not all – John also shares his IN-AND-OUT order and tips on efficient practice at the range. You won't want to miss this valuable episode! Don't forget to check out previous episodes to get to know John personally. And if you want to reach out, he can be contacted via email at john.cassidy@thehomecourse.com. Here are a few links to John Cassidy's content discussed in the intro. If you've enjoyed this episode, please support me by giving me a 5-star rating on Spotify, Apple Podcasts, and Google Podcasts. I'm Daniel, and my mission is to provide you with a weekly episode packed with value. If you have any suggestions, feel free to contact me directly via email (daniel@figuringitoutmedia.com) or Instagram (@fiogolfpod). Thanks for tuning in! ----- Figuring It Out: A Golf Podcast - Daniel Badaracco, Figuring It Out Media Produced by Figuring It Out Media For Business Inquiries Contact: Daniel@figuringitoutmedia.com Figuring It Out: A Golf Podcast is Available on All Podcast Platforms --- Support this podcast: https://podcasters.spotify.com/pod/show/fiogolfpod/support

John Cassidy, staff writer at The New Yorker, explains the economics -- and politics -- of the approaching "debt ceiling".

With a key fiscal deadline looming over the federal government, we explore how important the national debt actually is. On Today's Show:John Cassidy, staff writer at The New Yorker, explains the economics -- and politics -- of the approaching "debt ceiling".

John Cassidy walks Daniel through some of his teaching philosophies. John is a PGA Teaching Professional and Master Club Fitter at the Home Course in Dupont, Washington. John used to play on the PGA Canadian Tour. He's a brilliant mind and deep thinker. Join us this episode as he gives us a glimpse into how the thinks about the golf swing, give Daniel a mini-lesson, gives amateurs tips on how to select and instructor, and gets philosophical on how to thing about the game of golf.   --- Support this podcast: https://podcasters.spotify.com/pod/show/fiogolfpod/support

The most prominent media figure in America calls for the creation of a militia, armed Americans willing to use violence to get their way. What they want is to overthrow the U.S. government and to end democracy in this country – by force. Their plot raised alarming indications that the federal government is not up to the task of dealing with that kind of homegrown threat.

Three quarters of a million people are expected to file past Queen Elizabeth II's casket this week. After seven decades on the throne she was the only monarch most Britons have ever known. In that time she saw tremendous change within the United Kingdom and great turmoil within her own family. And yet, support for her among the British public barely wavered. In decades of polling, opposition to the monarchy in the U.K. has not risen above twenty per cent. The Queen accomplished something few political figures ever have: consistent, sustained popularity. But will King Charles III enjoy similar goodwill? John Cassidy is a New Yorker staff writer and a British expatriate. He joins the guest host Tyler Foggatt to discuss what the death of Queen Elizabeth II means for the U.K. and what he thinks the British public can expect from their new royal figurehead.

John Cassidy, staff writer at The New Yorker, talks about the latest national political news, including the Inflation Reduction Act, the promising jobs numbers and the broader economic outlook.

Gas prices are coming down. Inflation is still going up. Jobs are strong, yet recession fears abound. This week, On the Media dives into the contradictory mess of money news – and what it ultimately says about us.  1. John Cassidy [@JohnCassidy], staff writer at the New Yorker, on why Americans feel gloomy about the economy, even when it isn't affecting their spending. Listen. 2. Rani Molla [@ranimolla], senior data reporter at Vox's Recode, on the data behind today's weird job market. Listen.   3. Felix Salmon [@felixsalmon], chief financial correspondent at Axios, on the power of the price of gas. Listen. 4. Mark Blyth [@MkBlyth], professor of International Economics and Public Affairs at Brown University, on how the economy is ultimately a mirror of our accomplishments, advances, fears, and mistakes. Listen.

If you're confused about the current state of the economy and where it's headed, you're not alone. The United States is experiencing inflation at the highest rate since the 1980s, and most Americans generally feel as bad about the economy as they did during the Great Recession of 2008. At the same time, unemployment is low and wages are rising.On today's episode of “The Argument,” host Jane Coaston consults two economics reporters to break down these conflicting trends in the economy and to ask the question so many people want answered: Are things going to get worse before they get better?Peter Coy is an Opinion writer for The New York Times. Alexandra Scaggs is a senior writer at Barron's, where she covers bonds markets. Both have different takes on how the Federal Reserve can try to bring inflation down without long-term repercussions, including a recession. “There are people who would say, well, fine, that's what needs to happen, if that's what it takes to extinguish this high inflation, so be it,” Coy says. “And I'm just saying, I'm not willing to go that far.”Mentioned in this episode:“Unemployment Is Low. That Doesn't Mean the Economy Is Fine.” by Peter Coy in The New York Times“How Should Democrats Respond to Rising Inflation and High Gas Prices?” by John Cassidy in The New Yorker“Making Sense of a Complicated Economy,” EconoFact Chats episode from EconoFact(A full transcript of the episode will be available midday on the Times website.)

Facing enormous pressure to respond to Russian aggression in Ukraine but fearing the consequences of a hot war between Russia and the West, the European Union, the United States, and several other nations have levied heavy sanctions. These have caused the ruble to lose forty per cent of its value against the U.S. dollar and forced the closure of the Moscow stock exchange. But will the sanctions have any effect on Putin's war? John Cassidy joins Dorothy Wickenden to discuss the Russian President's economic miscalculations, the effects of sanctions on Russia's economy, and the political and environmental opportunities for the Biden Administration.