State capitalism. Socialism with Chinese characteristics. A socialist market economy. There have been numerous descriptions of the Chinese economy. However, none seems to capture the predatory, at times surreal, nature of the economy of the world’s most populous nation – nor the often bruising and mind-bending experience of doing business with the Middle Kin ... Show More
Jul 4
Brent Z. Kaup and Kelly F. Austin, "The Pathogens of Finance: How Capitalism Breeds Vector-Borne Disease" (U of California Press, 2025)
The Pathogens of Finance: How Capitalism Breeds Vector-Borne Disease (University of California Press, 2025) by Dr. Brent Z. Kaup & Dr. Kelly F. Austin is an exploration of how the rising power and profits of Wall Street underpin the contemporary increases in and inadequate respon ... Show More
55m 41s
Jun 30
Paul R. Beckett, "An Anatomy of Tax Havens: Europe, the Caribbean and the United States of America" (de Gruyter, 2023)
Tax havens in offshore lands like Switzerland, the Cayman Islands and the Bahamas were once considered a rarity, the preserve of the super-rich. Today, they are big business available to the masses. Their goal? To avoid any form of accountability. Own nothing. Possess everything. ... Show More
1h 4m
Jun 28
Mark Blyth and Nicolò Fraccaroli, "Inflation: A Guide for Users and Losers" (W. W. Norton & Co, 2025)
Inflation is back, and its impact can be felt everywhere, from the grocery store to the mortgage market to the results of elections around the world. What's more, tariffs and trade wars threaten to accelerate inflation again. Yet the conventional wisdom about inflation is stuck i ... Show More
55m 18s
Apr 15
Mingwei Huang, "Reconfiguring Racial Capitalism: South Africa in the Chinese Century" (Duke UP, 2024)
In Reconfiguring Racial Capitalism: South Africa in the Chinese Century (Duke UP, 2024), Mingwei Huang traces the development of new forms of racial capitalism in the twenty-first century. Through fieldwork in one of the “China malls” that has emerged along Johannesburg’s former ... Show More
1h 5m
Aug 2024
Le Lin, "The Fruits of Opportunism: Noncompliance and the Evolution of China's Supplemental Education Industry" (U Chicago Press, 2022)
An in-depth examination of the regulatory, entrepreneurial, and organizational factors contributing to the expansion and transformation of China’s supplemental education industry.Like many parents in the United States, parents in China, increasingly concerned with their children’ ... Show More
1h 42m
Jan 2025
The Big 2025 Economy Forecast: AI and Big Tech, Nuclear’s Renaissance, Trump vs. China, and What’s Eating Europe?
Happy new year! And what better way to celebrate the freshly torn calendar page than by welcoming one of Derek's favorite writers to the show to tell us what's in store for the 2025 economy. Michael Cembalest is the chairman of market and investment strategy for JPMorgan Asset Ma ... Show More
1h 12m
Jun 2
How Malaysia Did Economics Differently
Ever wondered how a small nation like Malaysia transformed from a colonial commodity hub into a Southeast Asian economic powerhouse? Nestled in the heart of global trade routes, Malaysia’s rise is a masterclass in leveraging geography, smart policies, and foreign expertise. But c ... Show More
18m 38s
Aug 2024
Why China Is Risking a Trade War
Faced with stagnating economic growth, Chinese leader Xi Jinping decided to go all in on manufacturing and exporting. But, as Lingling Wei reports, the increase in low-cost Chinese goods is squeezing businesses around the world and raising the specter of a new trade war.
Further ... Show More
19m 29s
Sep 2024
Thomas White, "China's Camel Country: Livestock and Nation-Building at a Pastoral Frontier" (U Washington Press, 2024)
China today positions itself as a model of state-led environmentalism. On the country’s arid rangelands, grassland conservation policies have targeted pastoralists and their animals, blamed for causing desertification. State environmentalism - in the form of grazing bans, enclosu ... Show More
1h 8m
Feb 2024
Hedwig Amelia Waters, "Moral Economic Transitions in the Mongolian Borderlands: A Proportional Share" (UCL Press, 2023)
In the early 1990s, Mongolia began a transition from socialism to a market democracy. In the process, the country became more than ever dependent on international mining revenue. Nearly thirty years later, many of Mongolia's poor and rural feel that, rather than share in the pros ... Show More
47m 8s
Jul 2024
China Is Exporting Unemployment | Michael Pettis on Global Trade Imbalances, American Capital Controls, and the End of The Chinese Growth Miracle
Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG.
Follow Michael Pettis on Twitter https://x.com/michaelxpettisFollow VanEck on Twitter https://x.com/vaneck_usFollow Jack Farley on Twitter https://t ... Show More
1h 31m
Jan 2025
Martin Wolf talks to Arvind Subramanian: India, the next economic superpower?
India is the world’s most populous nation, and since the 1990s it has maintained almost Chinese levels of rapid economic growth. Prime Minister Narendra Modi aims to make India a high income country and, by implication, an economic superpower by 2047. But is that achievable? This ... Show More
30m 40s