The Economics of Music

Somewhere between a biker bar in Nimbin and a data centre in Virginia, we try to make sense of the biggest capital boom in history. The AI revolution has garnered $400 billion of spending this year alone, nearly half of all US growth. What if it’s all built on industrial lettuces, tech that expires faster than it earns? From NVIDIA’s chip race to Meta’s debt-fuelled data farms, the same story keeps repeating: speculation first, profits later. Live from Australia, we trace how bubbles drive innovation, and destruction, from railroads to radio to AI. They ask who really benefits when Silicon Valley welcomes the bubble, Wall Street fears it, and democracies are left to clean up the crash. Hosted on Acast. See acast.com/privacy for more information.

Deep in an Australian rainforest, surrounded by birds older than any cathedral, We unpack one of the greatest mysteries in human history, how the first people to sail across open seas, 60,000 years ago, became a civilisation that forgot how to sail. The Aboriginal Australians, the oldest continuous culture on Earth, arrived when Europe was still under ice. They built languages older than Latin, mapped deserts the size of continents, and thrived for 99.7% of Australia’s human history before a single European set foot here. Then, in just decades, 90% of them were gone, wiped out not by conquest, but by microbes. From this collision of worlds, we explore what makes societies innovate, why isolation freezes progress while connection multiplies it. Drawing on Harvard anthropologist Joseph Henrich’s idea of the collective brain, they trace how collaboration fuels invention, from the first tools to AI. The episode arcs from the Aboriginal sailors who crossed 100 miles of open water before anyone else, to the Nobel Prize winners studying the alchemy of innovation, and ends with Ireland’s own late awakening from creative isolation. Hosted on Acast. See acast.com/privacy for more information.

Cycling through Brisbane in the heat, we've found a country that hasn’t had a recession in nearly half a century; a statistical miracle in modern capitalism. Australia’s economy has grown steadily since the 1980s, powered by the luck of geography and the grit of immigration. Iron ore alone earns more than €100 billion a year, and one in three residents were born abroad, making it the most immigrant-driven economy in the rich world. Its central bank floats the currency to stay competitive, its politicians spend sparingly but smartly, and its cities remain among the most liveable on Earth. Yet beneath the sunshine and swagger lies a tension: record house prices, soaring costs, and a nation riding two horses at once, one facing Washington, the other Beijing. Hosted on Acast. See acast.com/privacy for more information.

Live from Christchurch, literally tomorrow, we bring on Andrew Maxwell, fresh off stage in Riyadh, to ground-truth the social shift you won’t see in think-tank PDFs: 8k-seat comedy arenas, mixed audiences, and a culture moving at startup speed. With approximately 17% of the world’s proven crude reserves, a sovereign fund near $900bn, and a population that’s 65% under 35, Riyadh can bankroll outcomes, including a Gaza deal. Female labour-force participation has doubled since 2016, internet use is near-universal, and Vision 2030 is pointing trillions in capex at tourism, sport, and tech. We dig into how a Saudi–Egypt–Pakistan triangle (money, manpower, nukes) changes the bargaining set, why normalisation with Israel would be a geopolitical earthquake, and what a “phase two” looks like. We also hit the shelved India–Gulf–Med trade corridor, Qatar’s broker role with Hamas, and why Europe’s mostly a spectator in a multipolar game.  Hosted on Acast. See acast.com/privacy for more information.

We promise this isn’t another boring budget breakdown! This week, we’re asking a bigger question: what if taxation isn’t really about raising money, but about changing behaviour? With Ireland awash in corporate tax revenue, the old logic of “tax to fund spending” doesn’t quite hold. So, should we start using taxes to shape how people act, from derelict sites to carbon emissions, and borrow the money we need instead? We explore how Ireland’s unique position in global finance could make it a testing ground for a new kind of economic thinking, one where the budget becomes less about arithmetic, and more about incentives, behaviour, and human nature. Hosted on Acast. See acast.com/privacy for more information.