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Donald Trump’s recent threat to launch a criminal inquiry into Federal Reserve Chair Jerome Powell—allegedly over the refurbishment of federal buildings—is unprecedented. It is a thinly veiled attempt to intimidate the central bank into lowering interest rates, a move designed to juice the economy before the midterm elections
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In this episode, we tear away the euphemisms and expose a grim reality: sanctions kill. Drawing on a 2025 study from The Lancet Global Health, we show how economic sanctions imposed by the U.S. and other powers are responsible for up to 777,000 deaths each year, with children and the elderly most at risk.We trace the history of sanctions from the League of Nations to Iraq, Venezuela, Iran, and beyond. We compare sanctions to siege warfare—and ask why a practice this deadly continues to be framed
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The post war neoliberals were divided over the European Economic Community, some viewing it as a protected enclave of the world economy that would hold back the global economic integration they hoped for. Others saw it as the beginnings of a borderless economic zone that would spread around the world, eventually subsuming all questions of politics and ideology to the logic of the market. It turned out to be neither of those things completely and instead became the target of those inheritors of T
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Economists, journalists and commentators are currently producing vast amounts of content predicting what they believe lies in store for America and the world in 2025 and what the consequences of Trump’s second term will be. In this podcast we explore Grace Blakeley’s Substack article: The Economic Consequences of Donald TrumpHelp the podcast to continue bringing you history each weekIf you enjoy the Explaining History podcast and its many years of content and would like to help the show continue
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During the post war decades, migration from Britain’s colonies in the Caribbean to the UK grew considerably. There are well documented ‘pull’ factors that led to this, including a deep sense of identification that many Jamaicans, Barbadians and others felt for the ‘mother country’. However, long term structural economic hardships, the effects of a devastating hurricane in 1944 and the lack of any real prospect of migration to America after 1952 created powerful ‘push’ factors towards Britain.Thi
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In “Mexico, America, and NAFTA 1994-1995,” we delve into the intricate web of economic, political, and social ramifications of the North American Free Trade Agreement (NAFTA) in the mid-90s, guided by insights from John Gray’s seminal work, “False Dawn: The Delusions of Global Capitalism.” This episode sheds light on the high hopes and harsh realities that followed the implementation of NAFTA, focusing on the promise of seamless trade and prosperity versus the actual outcomes for local economie
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In this episode of the Explaining History Podcast, we delve into the complex and often overlooked intersection of Neoliberalism and National Liberation Movements during the pivotal decades of the 1940s, 50s, and 60s. Drawing insights from Quinn Slobodian’s insightful book “Globalists,” we unravel the ideological and practical challenges that the process of decolonization presented to neoliberal thinkers of the era. As countries across Asia, Africa, and Latin America broke free from colonial rule
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In this thought-provoking episode of Explaining History, we turn our focus to a pivotal period in Latin American economic history – the collapse of Mexican neoliberalism between 1994-5. Drawing from John Gray’s incisive book “False Dawn,” we delve into the intricacies of this economic implosion and its far-reaching implications.Our exploration takes us through the establishment of neoliberal economic policies in Mexico, their relationship with the North American Free Trade Agreement (NAFTA), and
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Episode Description:In the latest instalment of the Explaining History Podcast, join us as we delve into the multifaceted nature of Thatcherism, a political ideology that has left an indelible mark on British society. This episode, titled “Thatcherism’s Contradictions, 1975-2023,” explores the intricate relationship between social conservatism and economic liberalism, which have often found themselves in conflict during the era shaped by the Iron Lady.The show takes us on a captivating journey t
