The Nike Economy: Why Vietnam Is America’s Hidden Factory Floor

10 April 2025 - 33 mins
Podcast Series The David McWilliams Podcast

What do Nike runners, IKEA furniture, and half a million Vietnamese workers have in common? They’re all caught in the crossfire of Trump’s tariff tantrum. This week, we trace the hidden supply chains behind the global economy, from Vietnam’s rise as a manufacturing powerhouse to how a sneaker company now employs more people abroad than Ford and GM do at home. We break down how the MAGA tariff regime threatens to crater entire economies, sour U.S. relations in Asia, and hand China the long game. Plus, what it all means for Ireland, Africa, and the American empire itself. Are we witnessing a pivot, or a pullback from the world stage?  Hosted on Acast. See acast.com/privacy for more information...

33 mins

Series Episodes

Fairway Diplomacy: How Golf Became Ireland's Secret Weapon Against Trump Playing

Fairway Diplomacy: How Golf Became Ireland's Secret Weapon Against Trump

Donald Trump touches down in Doonbeg this weekend for the Irish Open at his own golf course, and we're asking whether Ireland should protest or play along. We unpack the extraordinary Irish-American relationship: 40 daily flights to the US, $1.3 trillion in American investment, 300,000 jobs, and a bond built more on kitchen tables than diplomacy. We're joined by Donal Casey, former CEO of Rory McIlroy Inc., to talk golf's economics, why LIV Golf failed despite Saudi billions, and how the fairway - not the barricades, might be Ireland's smartest move with America's most unpredictable president. Hosted on Acast. See acast.com/privacy for more information.

40 mins

10 September Finished

Germany’s Seismic Shift: The Rise of the AfD Playing

Germany’s Seismic Shift: The Rise of the AfD

A deep dive into the AfD’s 44% victory in Saxony-Anhalt and its implications for the European Union. We analyse the collapse of Germany’s political center, the demographic divide among young voters, and the historical tensions between East and West that are reshaping the continent’s future. Hosted on Acast. See acast.com/privacy for more information.

42 mins

8 September Finished

The AI Culture Wars Playing

The AI Culture Wars

We explore the new ideological divide between Silicon Valley’s techno-optimists and institutional economists like Daron Acemoglu. Will AI drive shared prosperity or concentrate wealth among a new technocratic elite?  Hosted on Acast. See acast.com/privacy for more information.

37 mins

3 September Finished

Ireland's Immigration Numbers Don't Add Up And Housing Is Paying the Price Playing

Ireland's Immigration Numbers Don't Add Up And Housing Is Paying the Price

Our population's just hit 5.5 million, and 72% of that growth is migration, not births. Five years ago 57% of work permits went to doctors, nurses and scientists. Now it's just 30%. We crunch the CSO numbers and ask the question nobody wants to: how many migrants can Ireland's housing market actually take before something breaks? Hosted on Acast. See acast.com/privacy for more information.

36 mins

1 September Finished

Jackson Hole Reckoning: The $40 Trillion Debt Crisis and the End of Fiscal Exceptionalism Playing

Jackson Hole Reckoning: The $40 Trillion Debt Crisis and the End of Fiscal Exceptionalism

As global central bankers convene for the Jackson Hole symposium, the interrogation of American fiscal credibility takes center stage. With US national debt surpassing $40 trillion and interest payments now exceeding the defense budget, the Treasury faces a critical standoff with the bond market. This analysis explores the limits of yield manipulation, the threat to the dollar’s role as global collateral, and the inevitable market-driven correction facing a politically paralyzed Washington. Hosted on Acast. See acast.com/privacy for more information.

36 mins

27 August Finished

How A Massacre Created Modern Capitalism: The Huguenot Legacy Playing

How A Massacre Created Modern Capitalism: The Huguenot Legacy

On the anniversary of the St. Bartholomew’s Day Massacre, we explore the extraordinary economic impact of the French Huguenots. Discover how these religious refugees pioneered the merchant class, redefined the relationship between faith and finance, and built the foundations of modern capitalism. From the streets of Paris to the boardrooms of the Bank of Ireland, this episode uncovers the hidden history of the people who transformed the global economy. Hosted on Acast. See acast.com/privacy for more information.

35 mins

25 August Finished

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