Plain English with Derek Thompson

Today is the second half of our special two-parter on the state of crypto. Yesterday’s theme was the case against. Today we debate the case for.

In the last few weeks, use-cases have become a popular trope in the big crypto debate. Crypto has tens of thousands of people working with dozens of billions of dollars on building new technology. And I think it’s fair to ask: What have they built that is better than the status quo? What, as Monty Python might ask, has blockchain ever done for us?

Today’s guest is Packy McCormick. Packy is the popular author of the Not Boring newsletter. In this episode, we debate use-cases for crypto, talk about whether major products are just Ponzi schemes, and discuss whether all the money sloshing around Web3 has subtly distorted the market and hurt the space.

Host: Derek Thompson

Guest: Packy McCormick

Producer: Devon Manze

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Today, we have the first in a two-part series on lessons from the crypto crash.

Crypto, also known as Web3, also known as blockchain-based technologies, remains the weirdest space I’ve ever reported on. I’ve never learned so much about a topic where there were people I trusted roughly equally, whose intelligence I trusted roughly equally, coming to completely opposite opinions. People I consider brilliant think this is the wave of the future. Others are fairly positive that the bulk of this world is a giant Ponzi scheme that’s even worse than most people realize.Today's guest is Molly Wood, a financial journalist turned venture capitalist who also hosts the podcast 'This Week in Startups.' I would summarize Molly’s case against crypto in three main points:

1. It is a double-enemy of the environment—an energy-intensive speculation that pulls money and talent from climate technology.
2. It is an unregulated bonanza of investor shenanigans—Molly explains why the very structure of crypto tokens invites a kind of Ponzi-scheming dynamic, which deserves our attention.
3. Even if you have nice things to say about crypto—and we do have nice things to say about it—there’s a strong case to be made that the promises and the grandiosity is wildly out of line with the actual use cases.

The timing on this episode feels right. Last week, several employees of the crypto trading exchange Coinbase were charged with wire fraud, the first insider-trading case involving cryptocurrencies. This is our little podcast trial of crypto. Today, the prosecution. Tomorrow, the defense.

Host: Derek Thompson

Guest: Molly Wood

Producer: Devon Manze

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The world is kind of a mess right now. There is a big, bloody, awful war between Russia and Ukraine, which has hugely disrupted global trade, especially in commodities like oil, wheat, and natural gas. Europe is on fire, and the euro is crashing. Boris Johnson is out as the U.K.’s prime minister, and Mario Draghi has resigned as Italy’s prime minister. There are tremors in China, as the world’s second-largest economy fumbles through a ridiculous COVID-Zero policy. In Sri Lanka, crowds stormed the presidential palace after an economic crisis. In Japan, a former prime minister was assassinated. In Turkey and El Salvador, inflation and kooky economic policy has led these countries to the brink. Is this just random chaos, or is there a deeper story to tell? Today’s guest is Ian Bremmer. Ian is a political scientist and the founder of Eurasia Group and GZero media. He is also the author of several books, including his latest: The New York Times bestseller 'The Power of Crisis.' He takes me on a geopolitical catastrophe tour. In the end, we consider the meaning of this moment in history—and why this feels like the end of an era and the beginning of something new.

Host: Derek Thompson

Guest: Ian Bremmer

Producer: Devon Manze

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The world is on fire. In southern Europe, wildfires are streaking from Portugal to Greece. In the U.K., airport runways melted as temperatures exceeded 103 degrees for the first time on record. In the U.S. this week, about one in five Americans are living in a place that will be even hotter than the U.K.’s historic mark. And what is our government doing about it? Pretty close to nothing.

But if you look behind these headlines, there’s something very interesting happening. In the past decade, the price of solar electricity has declined by 90 percent. The efficiency of lithium-ion batteries has increased by 90 percent. Per-capita emissions in the U.S. have declined by a quarter since 2005, falling all the way to levels not seen since 1960. These are technological revolutions worth building on. But they will require that Americans get over their allergy to new construction. And build.

Today’s guest is David Wallace-Wells, a writer for The New York Times and the author of the bestseller 'The Uninhabitable Earth.' In this episode, we talk about the future of a hot world, the science of heat, the depressing state of climate policy in Washington, the more hopeful state of climate technology and global adaptation, the end of old-fashioned environmentalism, and the future of a new climate movement.

Host: Derek Thompson

Guest: David Wallace-Wells

Producer: Devon Manze

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Well, that escalated quickly. Let's review, shall we?

In January, Elon Musk started buying a bunch of Twitter stock. In February, he kept buying. In March, he owned about 5 percent of the company. In April, he offered to buy Twitter for $44 billion. In May, he tweeted a poop emoji. In June, his net worth crashed. In July, he tried to back out of the deal—and Twitter countersued. It seems very clear from the company's lawsuit that Twitter is prepared to take this all the way, possibly to even force Musk to acquire the company against his will.

Big picture, Twitter is in an incredibly strange position. The company's lawsuit portrays Musk as if he's a wayward, flighty, bad-faith grown toddler. But Twitter is also is trying to force this very same wayward, flighty, bad-faith grown toddler to be the proud owner of Twitter. “You’re a jerk, and I hate you, now marry me!" is a weird message to send, even if it makes sense for the Twitter board to pursue this strategy, within the logic of shareholder capitalism.

So, who's got the best argument? How will this thing end? Today's guest is Boston College Law School professor Brian Quinn. We do a deep dive into the documents of interest here—what Musk is saying, what Twitter is saying, and who’s got the strongest case.

Host: Derek Thompson

Guest: Brian Quinn

Producer: Devon Manze

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Will Netflix be the king of streaming in five years? What's the biggest threat to dethrone it: Apple, Disney, or HBO? Are movie theaters back for real? How has the pandemic changed the film industry? Is TikTok the biggest arch-villain in entertainment? Where do hits come from? What is the metaverse, and will I like living in it? Derek has a lot of questions. His guests—Bloomberg entertainment reporter Lucas Shaw, and author of 'THE METAVERSE' Matthew Ball—have many answers.

Host: Derek Thompson

Guests: Lucas Shaw and Matthew Ball

Producer: Devon Manze

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Derek has so many thoughts on Elon Musk's bizarre attempted breakup with Twitter—and what comes next—that he has to enumerate them. In this episode, he goes through five reasons Elon is trying to wriggle out of this deal and three ways this saga will end.

Host: Derek Thompson

Producer: Devon Manze

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The question everybody's asking on cable news right now is whether we're in a recession. I think there's an even more important question to ask: Are we at peak inflation? If inflation U-turns, it means the Fed won’t have to keep jacking up interest rates, won’t have to keep destroying demand, and won’t have to indefinitely pump the U.S. economy with tranquilizing drugs to break the fever.

I believe peak inflation is right here, right now. In retail, Target and Gap are slashing prices on inventory. In the car market, used car sales are falling. In electronics, the microchip shortage looks like it’s easing. In international shipping, freight rates across the Pacific are declining. And most importantly, the price of oil, metals, wheat, and corn are all falling. Oil prices are falling really, really fast—and that tends to mean that gas prices will follow. Today’s guest is Noah Smith, the economic writer and author of the newsletter Noahpinion. We talk about the great disinflation, where it’s happening, why it’s happening, what it means for the future of the U.S. economy and politics. This episode was in high demand in our mailbox. And as always, keep it coming. Send your feedback and episode ideas to PlainEnglish@Spotify.com.

Host: Derek Thompson

Guest: Noah Smith

Producer: Devon Manze

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Today’s episode is about the story of the moment—gun violence. There’s been a surge of violent shootings, mass shootings, and gun-related murders in the last few years. Today, Derek investigates a mystery behind this surge of violence: Why are the police so bad at solving murders? According to FBI statistics, in the 1960s nearly 100 percent of all murders were "cleared" by police, typically by arrest. In 2020, the clearance rate hit an all-time low of nearly 50 percent. Today, half of the murders in the United States go unsolved. Why? Today’s guest is Jeff Asher, a crime analyst, writer, and cofounder of AH Datalytics, which analyzes data for local government agencies like police departments. We talk about seven possible explanations for this alarming trend before settling on one particular explanation that's probably the most important.

Host: Derek Thompson

Guest: Jeff Asher

Producer: Devon Manze

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In last week's instant reaction pod, Derek said he thought abortion pills were one of the most fascinating and important aspects of the end of the era of Roe. In this episode, he goes deeper into how this new technology could change the abortion debate and national politics. Abortion pills that weren't in use 50 years ago are popular, common, safe, hard to track, and legal in more than half the country. Dozens of conservative states are moving to outlaw most abortions, including medication abortions, but banning pills is going to be very tricky. After all, it’s one thing to shut down a clinic with one address. Banning a pill that you can order online? Banning a pill that goes in the mail? That is much harder. And the lengths to which states might have to go to surveil packages—or to spy on women’s digital activities in order to track down pill buyers—will be invasions of privacy that make a lot of Americans uncomfortable, even those who want to reduce legal abortions. This is the next battleground of the abortion culture war: the pills war. Today’s return guest is Margot Sanger-Katz of the New York Times. Margot explains the basics of abortion pills, and how they’ll change the abortion debate forever.

Host: Derek Thompson

Guest: Margot Sanger-Katz

Producer: Devon Manze

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I feel like the theme of this podcast recently has been that everything is going off the rails: the Supreme Court, inflation, oil prices, air travel snafus. Take the economy, for example. My theory for the past few months has been that the odds of a recession are nervously high. But when I start feeling myself become a bit ideological, it’s always worth asking: What if I’m wrong? So what I want to execute in this episode is a bit of a zag. Today's guest, Conor Sen, an economic columnist for Bloomberg, explains why he thinks this economy isn't nearly as troubled as the headlines suggest.

Host: Derek Thompson

Guest: Conor Sen

Producer: Devon Manze

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We react to the landmark Supreme Court decision and explain how it could affect the future of the court, national politics, fertility and family planning, state law, corporate policy, and more. To further explain the implications of this decision we re-air an interview we did seven weeks ago with Margot Sanger-Katz when news of the Supreme Court leak first broke.

Host: Derek Thompson

Guest: Margot Sanger-Katz

Producer: Devon Manze

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Lately, it feels like we’re surrounded by systems and industries that aren’t working the way they should. There's an oil shortage, and a baby formula shortage, and a used car shortage, and a microchip shortage.

Now, here comes the airline industry shortage. This past weekend, thousands of flights were cancelled because airlines didn't have enough pilots, grounds crew, or planes. People were stranded in airports for eight hours or longer. JetBlue, American, and Delta collectively canceled about 9-10 percent of their flights—between five and 10 times higher than their historical average. And some experts say that if you’re planning to fly at all this summer, things will only get worse. How did this happen? When will it end? Today’s guest is Scott Keyes. He is the founder of Scott's Cheap Flights, a newsletter and business with more than 2 million members. We talk about the origins of the crisis, the economics of the airline industry, and why the decline of business travel is a cannonball in a lake whose ripple effects are wreaking all sorts of havoc.

Host: Derek Thompson

Guest: Scott Keyes

Producer: Devon Manze

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Expensive energy is an economic, psychological, and political scourge. Nominally, gas prices are at a record high. Adjusted for inflation, they could break the all-time record if they rise just another 35 cents. We should be desperately curious to solve this problem; so, that’s what this episode is all about. Today’s guest is Skanda Amarnath, the executive director at Employ America, which has quickly become one of my very favorite sources of research and commentary on economics. He is also the coauthor of an ingenious plan to increase oil capacity in a way that could reasonably bring down gas prices. This episode gets pretty deep into the weeds of policy and oil markets. But it was one of the most educational conversations I’ve had on this show. And I hope you find it similarly stimulating.

Host: Derek Thompson

Guest: Skanda Amarnath

Producer: Devon Manze

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Most news is all about the immediate present. For instance, everything that is happening in the economy right now could be a historical anecdote in five years. But sometimes, norms change—and they stay changed for decades. I think the remote work revolution is just that sort of a paradigm shift. Here's a stat that should blow your mind: Office occupancy across the U.S. is still just 43 percent of its pre-pandemic high. That means that white-collar offices have had a worse recovery than basically any other economic category—worse than restaurants, bars, stadiums, and even movie theaters. But who is remote work actually working for? What are offices good for? And how will the remote work revolution change the way we relate to each other and the places we live? Today’s guest is Julia Hobsbawm, the author of 'The Nowhere Office,' a new book about the remote work revolution that combines history and reporting to ask a big, beautiful philosophical question: Is remote work making our lives better, or worse?

Host: Derek Thompson

Guest: Julia Hobsbawm

Producer: Devon Manze

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This is a huge week for economic and finance news. On Wednesday afternoon, the Federal Reserve raised interest rates by 0.75 percentage points, its biggest move since 1994. Derek breaks down what this means for your wallet and the future of the economy. Then he brings on The New York Times' Kevin Roose for a conversation about the end of the "everything boom." For the last decade-plus, just about every asset class has gone to the moon: stocks, housing, crypto. That era is over. But where did the everything boom come from? How did it change our lives, from cheap Uber rides to risky crypto projects? And what does it mean that this era is coming to a close? Derek and Kevin also talk about their idea of a "millennial consumer subsidy"—the notion that for many years venture capitalists subsidized ride-share and delivery companies in a way that was unsustainable and not all that great for the people behind the wheel.

Host: Derek Thompson

Guest: Kevin Roose

Producer: Devon Manze

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Inflation is the story that everybody keeps missing. In 2020, many people didn't expect inflation to rise. Wrong. In 2021, many expected inflation to be brief or "transitory." Wrong. Last month, many expected inflation to peak. wrong. In May, inflation reached its highest level in more than four decades. But there’s a bigger story to tell here. What are the subtler inflation numbers telling us about the future of the economy? And is the media being too pessimistic about the economy given how strong the labor market has been coming out of the pandemic? To answer those questions, Derek welcomes Justin Wolfers, a professor of public policy and economics at the University of Michigan. As you’ll hear, Wolfers is brilliant, straightforward, and incredibly un-shy about telling Derek when he thinks he's full of it. If you think Derek is full of it, or if you would like to drop a more complimentary line, send your notes, questions, and curiosities to PlainEnglish@spotify.com

Host: Derek Thompson

Guest: Justin Wolfers

Producer: Devon Manze

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Today’s episode is about two California elections and the message they sent to the rest of the country. In San Francisco, progressive district attorney Chesa Boudin was recalled by voters after years of complaints about the rise of disorder, shoplifting, and homelessness in the city. In Los Angeles, Republican-turned-Democrat billionaire Rick Caruso had a strong showing running as a crimefighter in the L.A. mayoral primary.

In the late 1970s, politics was defined by two topics: crime and inflation. Well, look around today: Various measures of crime are weighing on people, and inflation is near its 40-year high. Are we stepping into a time machine that’s taking us back to the '70s?

To answer that question, we have journalist and author Ron Brownstein, a CNN senior political analyst, writer for 'The Atlantic,' and author of the book Rock Me on the Water: 1974, the Year Los Angeles Transformed Movies, Music, TV, and Politics. So if we are headed back to the '70s in a newly waxed maroon Pontiac Grand Am, this is the guy who can tell us what it means.

Host: Derek Thompson

Guest: Ron Brownstein

Producer: Devon Manze

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Welcome to Curiosity Corner! In our first ever all-mailbag episode, Derek answers a Republican’s question about gun control, explains how American companies became so political, revisits a controversial Amber Heard episode, and explains how the podcast comes together. Finally, in response to a couple that requested a wedding-day video, Derek veers out of the news lane and offers some relationship advice. If you’d like your questions answered on this show, send your first name and city or state to PlainEnglish@Spotify.com.

Host: Derek Thompson

Producer: Devon Manze

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The Texas school shooting is part of a grisly ritual in American life. A tragedy, followed by mourning, followed by inaction, followed by several months, followed by another tragedy. What can be done? What WILL be done? This episode isn’t about false hope. It’s about information. The New York Times’s German Lopez, who has been reporting on guns and gun control policy for many years, joins the podcast to answer as many questions as we can fit into a show, including:

• Why are school shootings becoming more common in the U.S.?
• What are the most successful gun control policies at our disposal?
• Why doesn’t Washington ever do anything about this problem?
• What happens now?

Oh, and Derek will be off next week. New episodes will return in early June!

Host: Derek Thompson

Guest: German Lopez

Producer: Devon Manze

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It's our first Curiosity Corner podcast! We asked you to tell us what questions you wanted us to answer, and a lot of you had the same thought on your mind: housing. In this podcast, we answer: What's going on with the U.S. housing market? Is this a bubble? Is it bursting? Why are homes in America so expensive? Why are we so bad at building houses? Why is there so much homelessness in America's richest cities? The Atlantic's Jerusalem Demsas comes on the show to share her theories with Derek, and Derek explains why he thinks every important question about the U.S. housing market has the same fundamental answer: inventory, inventory, inventory.

Keep sending your questions at PlainEnglish@Spotify.com.

Host: Derek Thompson

Guest: Jerusalem Demsas

Producer: Devon Manze

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It's the trial of the century—kind of. The legal showdown between Johnny Depp and Amber Heard has captivated the country, and Derek is a bit confused. Why is everybody talking about this miserable celebrity relationship? Why are so many people obsessed with demonizing Amber Heard? Producer Devon Manze explains to Derek why she thinks the trial has conquered the news cycle, and The Atlantic's Kaitlyn Tiffany explains why the internet hates Amber, and what it says about the future of truth, fandom, and who we are on the internet.

If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com.

Host: Derek Thompson

Guest: Kaitlyn Tiffany

Producer: Devon Manze

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America's infant formula shortage is very strange and very embarrassing. Nationwide, more than 40 percent of formula is out of stock, and in many states, like Texas and Tennessee, more than half of it is gone. What's going on? The immediate cause is the shutdown of a Michigan plant. But shutdowns and recalls happen all the time, and they rarely cause a national crisis like this. Economist Scott Lincicome says the real culprit lies in America's trade and regulatory policy. He explains how we got here and how we can get back to a rational baby formula policy in America.

If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com.

Host: Derek Thompson

Guest: Scott Lincicome

Producer: Devon Manze

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Crypto crashes, rate hikes, recession, fears, and inflation prints: The U.S. economy is in a very bizarre place right now, and Derek needs help explaining it. Michael Batnick and Ben Carlson of Ritholz Wealth Management are back on the pod to reconvene the economic roundtable. We play a game of "Finish the Sentence": The single most shocking stock market stat is …? The long-term bull case for crypto is ... ? The worst sign for the US economy is … ? The BEST sign about the US economy is …?

If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com.

Host: Derek Thompson

Guests: Michael Batnick and Ben Carlson

Producer: Devon Manze

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The stock market is absolutely gross right now. Everything is down, except (as loyal listeners know) the CATAN portfolio. Crypto has cratered, growth stocks have been ravaged, and hedge funds are imploding. Why is this happening? Is this Dot-Com Bubble 2.0? And what does it mean for the future of the U.S. economy, investing, and tech?

Investor, entrepreneur, and podcaster Jason Calacanis joins the show. He gives us a brief history of the 21st century tech industry, explains why this is like and unlike the summer of 2000, makes some bold predictions about crypto and the economy, and tells us how he's advising young chief executives. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com.

Host: Derek Thompson

Guest: Jason Calacanis

Producer: Devon Manze

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This might sound like a hot take but it's not: In 50 years, when historians look back on the crazy 2020s, they might point to advances in artificial intelligence as the most important long-term development of our time. We are building machines that can mimic human language, human creativity, and human thought. What will that mean for the future of work, morality, and economics? The bestselling author Steven Johnson joins the podcast to talk about the most exciting and scary ideas in artificial intelligence and an article he wrote for The New York Times Magazine about the frontier of AI.

Host: Derek Thompson

Guest: Steven Johnson

Producer: Devon Manze

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Sometimes, people ask “why study history?” How about this: American history is the weapon being used to strike down Roe Vs Wade. In the leaked draft of the Supreme Court decision that would overturn Roe, conservative Justice Samuel Alito writes that Roe invented a right to abortion that cannot be found in early American history. Is he right? And what’s the true history of abortion in America?

That’s the subject of today’s episode—a fast, factual guide to how we got to this moment, reviewing the 300-year history of abortion in America in just 30 minutes. Today’s guests are two historians of abortion in American—Mary Ziegler, a visiting prof at Harvard, and Karissa Haugeberg, assistant professor at Tulane University. If you have questions, observations, or ideas for future episodes, email me at PlainEnglish@Spotify.com.

Host: Derek Thompson

Guests: Karissa Haugeberg and Mary Ziegler

Producer: Devon Manze

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The Supreme Court is poised to end the era of Roe. In a leaked draft of a majority opinion, Supreme Court Justice Samuel Alito struck down Roe v. Wade, the 1973 ruling that guaranteed constitutional protections of abortion rights. What would happen to abortion rights in its absence? Which states would shutter their clinics? Which states might expand protections? How does the growth of nationwide access to abortion pills fit into all of this? And why was the draft leaked in the first place? This podcast answers all of those questions and more, with two guests: Melissa Murray is a professor of law at New York University, and Margot Sanger-Katz is a domestic correspondent for 'The New York Times.'

Host: Derek Thompson

Guests: Margot Sanger-Katz and Melissa Murray

Producer: Devon Manze

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Morgan Housel, author of 'The Psychology of Money' and a partner at Collaborative Fund, joins the show to play stock doctor and diagnose what's killing tech stocks. Then we debate the odds of an imminent recession and talk about how China's bizarre year could weigh on U.S. growth. Finally, we go through all the good reasons and the not-so-good reasons for cancelling student debt.

Host: Derek Thompson

Guest: Morgan Housel

Producer: Devon Manze

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This week we have the NFL draft, which is an annual exercise in failure. Every year, some NFL team makes a disastrous quarterback decision but also overlooks a potential star. Why is it so damn hard to predict QB play in football? Are scouts stupid, or is the future just unknowable, or is hiring fundamentally chaotic, or is there something specific about quarterbacking that makes it uniquely difficult to forecast? The economist David Berri joins to share his research on why scouts are terrible at evaluating quarterbacks. His ideas shed light on larger questions like "What is talent, exactly?" and "Does anybody know what they're doing when they're hiring somebody for a new role?"

Host: Derek Thompson

Guest: David Berri

Producer: Devon Manze

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What can save Netflix? Who killed CNN+? What the hell is going on between Disney and Florida Governor Ron DeSantis? It's a big media hellscape roundup. Rich Greenfield, general partner at LightShed Ventures, forecasts a rocky future for streaming. Nick Papantonis, a reporter for WFTV in Orlando, explains that Florida's war against Disney might have some surprising collateral damage.

Host: Derek Thompson

Guests: Rich Greenfield and Nick Papantonis

Producer: Devon Manze

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Charlie Warzel, author of the Galaxy Brain newsletter at The Atlantic, joins to talk about what Elon Musk will do to Twitter and how his acquisition could change media, tech, and politics.

Host: Derek Thompson

Guest: Charlie Warzel

Producer: Devon Manze

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The United States is experiencing an extreme teenage mental-health crisis. It is one of the most troubling and fascinating social phenomena in the country today. From 2009 to 2021, the share of American high-school students who say they feel “persistent feelings of sadness or hopelessness” rose from 26 percent to 44 percent, according to a new CDC study. This is the highest level of teenage sadness ever recorded. Jonathan Haidt, a social psychologist at New York University, joins the podcast to explain why. Haidt is the author of The Righteous Mind, and the coauthor of The Coddling of the American Mind. He and Derek debate the role of social media, the evolution of parenting, and the deep root of anxiety in modern life.

Host: Derek Thompson

Guest: Jonathan Haidt

Producer: Devon Manze

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The White House has a big youth problem. Since the day of his inauguration, Joe Biden’s approval has declined by about 7 points among Americans over 50—and by an astonishing 19 points among Americans under 35. The pollster and politics writer Kristen Soltis Anderson joins the show to talk about Biden's eroding approval among young people and what it means for November. Then she and Derek talk about what liberals don't get about conservatives, why Democrats overrate the political power of Donald Trump, and whether masculinity could benefit from a liberal rebrand.

Host: Derek Thompson

Guest: Kristen Soltis Anderson

Producer: Devon Manze

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What’s happening in China’s largest and richest city right now is quite unbelievable. Shanghai is now several weeks into a government lockdown to stop the spread of COVID variants. In a metro with roughly the population of the state of Texas, residents cannot go outside. They cannot walk to grocery stores or pharmacies to pick up essential medicine. If they test positive for COVID, they are removed from their families and taken to quarantine facilities, where conditions are reportedly hellish. As the U.S. enters a stage of normalcy in the pandemic, China is still pursuing a draconian COVID Zero policy at the risk of starving citizens in its richest city. Why? Dan Wang, a Chinese writer and tech analyst, joins the show to talk about what he’s hearing from Shanghai, what China is trying to accomplish, and whether protests could make a difference to the Chinese Communist Party.

Host: Derek Thompson

Guest: Dan Wang

Producer: Devon Manze

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Well, that escalated quickly. Days after Elon Musk become the single largest individual shareholder of Twitter, he has offered to buy the company and take it private. Wait, what? Derek welcomes Stratechery writer Ben Thompson (no relation) to break down the news. Ben explains why Twitter is one of the most important companies in the world, why it's so undervalued, and what Musk could do with it privately. Then we make some predictions.

Host: Derek Thompson

Guest: Ben Thompson

Producer: Devon Manze

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On today's show, we start with Ten Good Minutes on the extremely funny and very chaotic saga of Elon Musk vs. Twitter. Last week, Musk bought enough Twitter shares to become the company's largest individual shareholder. Then, Twitter announced that Musk would become a board member. Then, Musk tweeted a bunch of embarrassing things about Twitter, suggesting the platform was "dying" and that its headquarters should be converted into a homeless shelter. Then, Twitter announced that Musk would not be a board member. What is happening?! Casey Newton, the author of the 'Platformer' newsletter, joins the show to share his reporting and speculation. Next, we welcome back Paul Poast, a political science professor at the University of Chicago, to talk about why we should fear Russia even though its military has "stunk" so far, why the next chapter of the war could be even bloodier, and when the war might finally end.

Host: Derek Thompson

Guests: Casey Newton & Paul Poast

Producer: Devon Manze

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There is an epidemic of bad behavior sweeping the country. In 2020, homicides increased by a record-high rate. Last year, pedestrian and vehicular deaths went up by a record-high rate. There have been more attacks in hospitals, schools, and stadiums and more unruly airline passengers than any time on record. What on Earth is going on? Today’s guest is Olga Khazan, a staff writer at The Atlantic. She and Derek talk about how America lost its damn mind and review the most obvious and most interesting theories for what's really behind this bad-behavior epidemic.

Host: Derek Thompson

Guest: Olga Khazan

Producer: Devon Manze

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America has never grown at a slower pace than right now. Not only have deaths soared in the pandemic, but immigration is falling and our birth rate is near a record low, as well. Why is this happening? And why is population growth so great, anyway? Today’s guest is Matthew Yglesias, the author of the Slow Boring newsletter and the book 'One Billion Americans.' In this episode, we talk about why politicians won’t prioritize family policy and immigration in D.C.; why population growth is good for Americans today and in the future; why a large U.S. population is good for the world; and whether critics have a case when they say a livable planet can’t take another billion people.

Host: Derek Thompson

Guest: Matt Yglesias

Producer: Devon Manze

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This week, the Washington Post reported that Facebook’s parent company Meta has been paying a Republican consulting firm to slime the reputation of its social media rival TikTok. According to emails shared between Meta and Targeted Victory, Facebook sought to blame TikTok for viral hoaxes that actually started on Facebook and then urged various journalists and politicians to amplify these hoaxes. Today’s guests are the journalists who broke the story: Taylor Lorenz and Drew Harwell. They explain why Facebook is afraid of TikTok; why the campaign to smear TikTok is so hypocritical and creepy; and why there are smarter reasons to be skeptical of an app whose owner has close ties to the Chinese Communist Party.

Host: Derek Thompson

Guest: Taylor Lorenz & Drew Harwell

Producer: Devon Manze

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On Monday, Florida Governor Ron DeSantis signed legislation that prohibits much classroom instruction about sexual orientation and gender identity. The law is called “Parental Rights in Education,” but its critics—which include Democrats, Hollywood, and many outspoken employees of the Walt Disney Company—call it “Don’t Say Gay.” What does the law actually say? And how has it created a firestorm at Disney? In this episode, Derek talks to Dana Goldstein, a New York Times reporter, about the details of the law. Then he talks to Matt Belloni, a cofounder of Puck News and the host of the Ringer podcast ‘The Town,’ about what the debate within Disney says about the future of the culture war and corporations.

Host: Derek Thompson

Guests: Dana Goldstein and Matt Belloni

Producer: Devon Manze

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Derek talks to The Atlantic’s Anne Applebaum about Zelensky’s global appeal, the roots of Putin's lust for empire, and Ukraine’s prospects for victory.

Host: Derek Thompson

Guest: Anne Applebaum

Producer: Devon Manze

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Economic crises are piling up. U.S. inflation was surging before Russia invaded Ukraine. Since the war began, commodity prices have spiked, with gas screaming toward $5 a gallon. And now China is facing a new COVID wave. What is happening, and how will it end? Jason Furman, chief economic adviser to the Obama administration and professor of economics at Harvard University, is back on the pod to answer our burning economic questions, like, “Are we headed back to the 1970s?”

Host: Derek Thompson

Guest: Jason Furman

Producer: Devon Manze

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Russia’s military isn’t just a little bit bigger than Ukraine's—it has three times more armored vehicles; four times more ground forces; five times more tanks; and 10 times more aircraft. But for now, David is holding up against Goliath. How is this happening? And how long can Ukraine hold out? Russia military analyst Rob Lee and diplomacy expert Max Bergmann explain how Ukraine is shocking Russia—and the world.

Host: Derek Thompson

Guests: Rob Lee and Max Bergmann

Producer: Troy Farkas

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Three in four Americans say the U.S. and its allies should ban Russian aircraft over Ukraine by establishing a “no-fly zone.” Dozens of foreign policy experts agree. So do many Ukrainians. Is this the policy that could end the war, or is it an idea that could end human civilization as we know it? (Maybe it's both.) The author and foreign policy critic Robert Wright joins the podcast to debate the pros and cons of a no-fly zone.

Host: Derek Thompson

Producer: Troy Farkas

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Imagine running from your home, from a foreign army, knowing that every decision you make could be the difference between life and death—stay or flee? Turn left or right? Leave at 5 a.m. or 6 a.m.? That is the world in which today’s guests live. Five Ukrainians who live in—or have recently fled from—Kyiv tell Derek what it’s like living in the Ukrainian capital, escaping to Poland, and returning to Kyiv to fight the Russian army.

Host: Derek Thompson

Producer: Troy Farkas

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There are two wars happening right now. There is a military conflict led by Vladimir Putin in Eastern Europe that we should all hope ends as soon as possible. And there is an economic and cultural war—the world vs. Russia—that we should also hope ends as soon as possible. In today’s episode, two guests discuss each theater of war. Paul Poast, a University of Chicago professor and expert on the economics of war, joins to discuss the latest from the war on the ground. And Robin Wigglesworth, a global finance correspondent with the Financial Times, joins to discuss the global “financial war” against Russia.

Host: Derek Thompson

Guests: Paul Poast and Robin Wigglesworth

Producer: Devon Manze

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Things are moving very, very fast in Vladimir Putin’s war against Ukraine—and in the global response to punish Russia. The U.S. and Europe are not engaged in a literal war against Putin, and hopefully nothing like that will come to pass. But this weekend, they announced a series of unprecedented sanctions and economic penalties that could destroy the Russian economy. These policies are designed to get Putin to end the war before he conquers Ukraine. But they could crash the Russian economy and trigger more global crises. To explain the sanctions, discuss their pluses and minuses, and predict their ripple effects, Derek is joined by Noah Smith, author of the newsletter Noahpinion, and Nicolas Véron, a French economist and senior fellow at the Peterson Institute for International Economics and the European think tank Bruegel.

Host: Derek Thompson

Guest: Noah Smith and Nicolas Véron

Producer: Devon Manze

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Quagmire. Regime change. Conquest. Empire. World War III. Derek considers five ways that the war in Ukraine could end with Paul Poast, a professor of foreign policy and war at the University of Chicago. This is Part 2 of our two-part Ukraine coverage today. For more on why Putin attacked and how war could change the world, check out the previous episode in this feed.

Host: Derek Thompson

Guest: Paul Poast

Producer: Devon Manze

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Derek explains why three years—1989, 2008, and 2014—are the key to understanding why Putin is willing to take a massive risk in invading Ukraine. Then, Derek asks five expert guests to walk him through the most important second-order implications of a long major conflict. What are the most important ricochet effects that nobody is talking about? How could the war transform Europe? How could it destabilize Africa and the Middle East? How will it change U.S. politics, or kick off a 21st Century Cold War?

Host: Derek Thompson

Guests: Charles Kupchan, Liana Fix, Matthew Klein, Alex Smith, Bonny Lin

Producer: Devon Manze

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