Antitrust 1: Standard Oil
At the turn of the 20th century, Ida Tarbell investigated John D. Rockefeller's Standard Oil. What she discovered changed the economy of the United States.
BONUS INDICATOR: The Calculator That Time Forgot
Most products in this world are vulnerable to creative destruction: as new products are developed, they make old ones obsolete. But there are some exceptions — products that persist, resisting change while economic evolution continues without them. For instance: the graphing calculator. (This episode is from our other podcast, The Indicator from Planet Money. Subscribe to it wherever you get your podcasts.)
BONUS INDICATOR: The Measure Of A Tragedy
Ricardo Hausmann, a Harvard-based Venezuelan economist, has constructed his own indicator, one that captures the horrifying scale of the economic catastrophe in Venezuela. (This episode is from our other podcast, The Indicator. Subscribe to it wherever you get your podcasts.)
#881: The Prisoners of the Trade War
A truce in the U.S.-China trade war seemed close. The leaders of China and the United States were meeting to discuss a fix. And then arrests started. It got even more confusing, so today, we call up our man on the ground in Shanghai to make sense of it all. The key to understanding the latest turn in the trade war centers around a giant company most Americans haven't heard of called Huawei. Its rise traces the rise of China's economy and Chinese-style capitalism.