For decades, the U.S. let globalization run its course and hoped China would be an ally. Now the Biden administration is spending billions to bring high-tech manufacturing back home. Is this the beginning of a new industrial policy — or just another round of corporate welfare?
Today
Is Macy’s Thanksgiving Parade Its Most Valuable Asset? (Update)
<p>The iconic department store calls the parade its “gift to the nation.” With 30 million TV viewers, it’s also a big moneymaker — at least we think it is: when it comes to parade economics, Macy’s is famously tight-lipped. In this 2024 episode, we try to loosen them up. (Part on ... Show More
52m 31s
Nov 14
653. Does Horse Racing Have a Future?
<p>Thoroughbred auction prices keep setting records. But tracks are closing, gambling revenues are falling, and the sport is increasingly reliant on subsidies. Is that the kind of long shot anybody wants? (Part three of a series, “<a href="https://freakonomics.com/the-horse-is-us ... Show More
1h 1m
Apr 2021
Are the US and China entering a Cold War?
<p>The US president has promised that, after four years of retreat from the global stage, “America is back”. Over the past few years, China has continued to expand its economic and political influence and matched its growing clout on the world stage with a bigger m ... Show More
27m 35s