Worth Knowing

Worth Knowing

By Elliot Costello and Matt KendallNewsNews CommentaryPolitics
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Worth Knowing episodes

  • America: The Friend You Can't Trust Anymore | 10

    The old US-led order has ruptured... but Australia is still behaving as though it’s 2012.

    In this episode, Matt and Elliot ask what happens when your closest ally can no longer be trusted. From Trump’s America and the Pentagon’s growing alliance with Silicon Valley oligarchs to Albanese’s AI bargains and the A$368 billion AUKUS bet, Australia keeps exporting abundance, importing vulnerability and calling it stability.

    Canada and Europe recognise that compliance no longer buys safety and are widening their choices. So why is Australia still rolling over for belly rubs?

    Find out in this week's episode of Worth Knowing.

    Chapters ➡

    00:00 Ten episodes of weekly sense-making
    01:30 The bigger bubble that has already burst
    03:40 Why Carney’s rupture speech matters
    10:15 Albanese and Australia’s leadership vacuum
    14:00 Exporting abundance, importing vulnerability
    16:45 The AI copyright and data-centre bargain
    21:20 Middle powers and tech companies with state-like power
    27:05 Why America can no longer be trusted
    30:45 The A$368 billion AUKUS question
    34:00 Allies, protectorates and sovereign defence
    36:30 Albanese, Carney and the schoolyard bully
    40:35 Final thoughts and where Australia goes next

    Watch and subscribe to the channel now, as well as our Substack and your favourite podcasting channels, at: https://worthknowingpod.com

    For show notes and a deep dive on each episode, visit the Substack via the link above.

    43 min
  • AI rocks Climate Week NYC | 09

    AI was the elephant in every room at Climate Week NYC. Behind the promises of green innovation looms a ‘brown boost’ in data centres, gas and power.

    This week, Elliot reports from New York as he and Matt unpack the real, immediate and enormous energy demand behind the race towards AGI, and the religious promise that once we reach the Promised Land, AI will save us.

    Where are the examples? What are the strategies? And can AI companies become good corporate citizens without locking in another generation of gas and coal?

    And what hope do we have when even the climate tech VCs are all in on AI and fresh out of decarb?

    Find out in this week's episode of Worth Knowing.

    Chapters ➡

    00:00 AI is the elephant in every room
    00:15 A typhoon rolls through New York
    02:32 Climate Week becomes AI and Data Centre Week
    06:35 The missing global guardrails
    07:55 AI’s brown boost
    09:09 Nvidia says: trust us, we're surgeons
    12:20 Racing towards the Promised Land
    16:48 Decentralised energy and good corporate citizens
    20:47 Renewables are on a tear
    22:26 Patagonia, Twiggy Forrest and Sylvia Earle
    27:02 Active hope and Gross Domestic Regeneration
    29:41 Why COP31 will not save us
    31:58 The war is not yet over  

    Watch and subscribe to the channel now, as well as our Substack and your favourite podcasting channels, at: https://worthknowingpod.com

    For show notes and a deep dive on each episode, visit the Substack via the link above.

    33 min
  • The AI bubble has already burst | 08

    The AI bubble is looking very, very frothy. But after the OpenAI–Hugging Face incident and Andrew Yang’s extraordinary claim, Matt thinks a bubble may already have burst... and something strange, dangerous and potentially extraordinary is emerging underneath.

    This week, Matt and Elliot unpack the circular economy of IOUs between AI labs, cloud providers and chipmakers, and what happened when AI agents moved beyond the boundaries of a controlled cybersecurity evaluation.

    Why are rival AI leaders suddenly sounding the alarm? And is a choice between human extinction and incredible shareholder value really all that's on offer?

    This isn’t another doomer episode. It’s a conversation about what the hell comes next... and who gets to imagine it.

    Chapters ➡

    00:29 Introduction to the AI bubble and market context
    01:58 Lessons from the dot-com bubble and early internet optimism
    03:10 The parallels between past crashes and current AI valuations
    04:55 The circular economy of AI companies and market interdependence
    07:01 Potential for a market crash driven by overvaluation and speculation
    12:37 Regulatory challenges and the risk of monopolistic control
    15:50 Narrative-driven markets
    19:43 The importance of balanced narratives and realistic expectations
    21:21 The potential for AI to create a better future if managed wisely
    23:14 Call for imagination, regulation, and societal engagement
    25:10 Something has happenned
    28:17 The Hugging Face Incident and Its Implications
    30:28 The bubble that has already burst
    35:25 Closing thoughts and upcoming Climate Week event

    Watch and subscribe to the channel now, as well as our Substack, and on your favourite podcasting channels at: https://worthknowingpod.com

    For show notes and a deep dive on each episode, visit the Substack via the link above.

    41 min
  • We've Crossed the Climate Threshold. Now What? | 07

    The world is set to blow past 1.5°C, Europe has endured four brutal heatwaves, Nepal has been devastated and a monster El Niño is gathering strength. 

    Our political leaders and mainstream media have already moved on. Online, the response has split between “we’re doomed” and “we already have all the solutions”. Matt and Elliot ask what both narratives leave out: the scale, speed and systems change required to actually turn this around. 

    From hopium and copium to care, simplification and defiance, this is an emergency broadcast about the climate threshold we have crossed and what the hell we do now. 

    Chapters ➡

    00:44 Introduction to Climate Crisis
    02:15 The Impact of Recent Climate Events
    07:06 Political Responses to Climate Change
    13:26 The Role of Community in Climate Action
    22:12 Framework for Climate Response
    30:00 Hope and the Path Forward

    Watch and subscribe to the channel now, as well as our Substack, and on your favourite podcasting channels at: https://worthknowingpod.com

    For show notes and a deep dive on each episode, visit the Substack via the link above.

    35 min
  • Australia Is Throwing Away Its Shot at Fixing Our Plastic Crisis | 06

    Australia’s packaging waste is out of control. Industry, recyclers, environmental groups, state governments, councils and consumers agree on what needs to change.

    So why has the Albanese government walked away from a political open goal?

    Matt and Elliot unpack the reform that could transform Australia’s waste economy, the political calculation that killed it, and why the cost-of-living excuse falls apart as soon as you look at the numbers.

    Chapters ➡

    00:33 Introduction: Australia's Packaging Waste Crisis
    02:19 History of Waste Policy in Australia
    04:11 Failure of Voluntary Targets and the 2018 Framework
    06:28 Political and Industry Resistance to Reform
    08:12 The Role of Regulation and EPR Explained
    10:03 Economic and Environmental Benefits of EPR
    11:48 Case Studies: Successful EPR Schemes
    13:30 The Impact of Inaction and Future Risks
    15:45 Call to Action: How Citizens Can Influence Policy
    17:43 Conclusion: The Path Forward for Australia

    Watch and subscribe to the channel now, as well as our Substack, and on your favourite podcasting channels at: https://worthknowingpod.com

    37 min
  • Why the Australian Left Is Losing the Politics of Discontent | 05

    One Nation is rising because it understands something the Australian left seems unwilling to admit: the anger is real.

    But if migrants, refugees and culture-war targets aren’t the cause of that anger, who benefits from pointing it at them?

    Matt and Elliot follow the grievance from Australia’s hollowed-out political centre to two unlikely movements overseas, asking whether the left still remembers how to turn discontent into people power.

    Because the system does feel rigged. The real question is who rigged it... and what it would take to build something else?

    00:00 Introduction to the Politics of Discontent
    02:33 The Global Context of Discontent
    05:32 The Role of Major Parties in Australia
    06:57 Lobbying and Public Interest
    09:57 The Rise of Right-Wing Populism
    12:44 Left-Wing Populism: A Missed Opportunity
    15:41 The Need for a New Political Movement
    18:26 Emerging Movements: DSA and Cockroach Movement
    21:28 The Importance of Organising for Change
    24:10 The Role of Joy in Political Movements
    27:01 Conclusion: The Future of Politics in Australia

    Watch and subscribe to the channel now, as well as our Substack, and on your favourite podcasting channels at: https://worthknowingpod.com

    37 min
  • Big Tech’s Private State | 04

    Tech billionaires increasingly have access to the levers of power inside government, while they tighten their control over the channels we rely on to push back against that power and hold it to account.

    This week, Elliot and Matt explore how Silicon Valley’s self-styled disruptors became part of the governing class - from Peter Thiel’s network inside the Trump administration and Elon Musk’s DOGE, to the unnamed algorithms who are the new editors-in-chief of our politics and culture.

    What happens when the people inside government also control the public square? And if politicians can be voted out but platform owners cannot, who will push back against Big Tech's big build of their very own private state?

    Chapters ➡

    00:00 Introduction to the influence of big tech on society
    02:29 Historical parallels: religion and power in governance
    04:09 Private Wealth and Political Power
    06:08 Peter Thiel's Political Network
    09:39 DOGE and the Conflict of Interest
    11:43 Silicon Valley's Broken Promise
    17:52 Algorithms Replace Editors
    21:55 How Algorithms Shape the Information Diet
    23:28 Profit, Monopoly and Democratic Power
    26:43 Why Platform Power Can't Be Voted Out
    28:05 Media Literacy and Alternatives

    Watch and subscribe to the channel now, as well as our Substack, and on your favourite podcasting channels at: https://worthknowingpod.com

    30 min
  • Who owns Australia’s AI future? | 03

    Australia has spent decades digging things up, selling them overseas and buying the finished product back. 

    Are we about to do the same with AI? Supplying the minerals, land, energy, water and hosting servers while foreign companies own the intelligence?

    Without a vision, and unless we start building, Australia risks becoming a subservient vassal state in the new AI economy.

    In this episode, Elliot and Matt ask who really owns Australia’s AI future.

    And one recent 76-hour glimpse of what happens when access is switched off shows just how much might be at stake.

    Chapters ➡

    00:00 Introduction to Australia's AI and Innovation Identity
    02:02 The 'Lazy Nation' Economy: Land, Property, and Mining
    03:55 Data Centers and the Future of Australia's Economy
    06:01 Sovereign Risk and Dependency on Foreign AI Models
    07:30 Ownership of AI Data and Infrastructure Challenges
    09:40 Historical Patterns of Tech Industry Domination
    11:13 Policy and Strategy Gaps in Australia's AI Future
    13:14 The Role of Government and Sovereign Capability
    15:07 Building Local Capability and Sovereign Ownership
    16:51 Taxation, Revenue, and Economic Impact
    18:56 The AI Bubble and Investment Opportunities
    20:41 Hosting AI on Local Servers vs Cloud Solutions
    21:12 Security, Privacy, and Open Source AI Models
    21:56 The Potential for an AI Economic Reckoning
    22:47 Historical Tech Bubbles and Future Opportunities
    23:48 The Need for Strategic Investment and Capability Building
    24:53 Australia's Industrial Age Mindset and Future Vision
    25:36 Building a Community and National AI Strategy
    26:33 The Urgency of Innovation and Sovereign Capability
    27:39 Conclusion and Call to Action for Australia's AI Future

    Watch and subscribe to the channel now, as well as our Substack, and on your favourite podcasting channels at: https://worthknowingpod.com

    29 min
  • Let them eat UBI | 02

    Universal Basic Income (UBI) is often served up as the neat solution to AI job disruption. Lose work, receive a payment, and everything will be OK.

    In this episode, Elliot and Matt come at that promise from different positions. Elliot makes the optimistic case for the freedom UBI could unlock. Whereas Matt is more sceptical... especially of those who treat it as a silver bullet.

    They explore the targeting problem and what a flat payment means for workers facing vastly different income losses. Then there is the big question: who pays, and how do we ensure the companies capturing the productivity gains contribute?

    Chapters ➡

    00:17 Introduction to Universal Basic Income
    03:04 Historical Context and Examples of UBI
    05:43 Concerns and Critiques of UBI
    08:12 The Role of Technology and AI in UBI
    10:49 Funding UBI and Economic Implications
    13:40 The Future of Work and UBI
    14:29 Conclusion and Final Thoughts on UBI

    Watch and subscribe to the channel now as well as our substack and on your favourite podcasting channels at: https://worthknowingpod.com

    22 min
  • Is Australia hurtling towards an AI jobs cliff? | 01

    What happens if AI transforms work faster than Australia can adapt?

    In the first episode of Worth Knowing, Matt and Elliot explore what AI job disruption could mean for Australian workers, and why the unemployment rate may not tell us the full story.

    The Caldera Institute’s AI Work Cliff modelling stress-tests a scenario in which 20 per cent of Australia’s AI-exposed workforce experiences job loss, reduced hours or income downgrading. The result: 1.08 million workers affected and $48.9 billion in household income at risk each year.

    Most may remain “technically employed”, even as their incomes fall. Australia could enter a hollow boom: productivity, investment and GDP keep rising while the wage base supporting households quietly erodes underneath them.

    AI will create opportunities as well as disruption, but the warning signals are lighting up the board. What should workers do now? And how do we make the transition planned and intentional?

    Chapters ➡

    00:00 Highlight Teaser
    00:30 Introduction
    00:45 The Impact of AI on Jobs
    11:21 Understanding AI Job Disruption
    17:22 Industry's Role in AI Transition
    19:57 Navigating the Future of Work
    23:14 The Upside of Disruption
    24:37 Wrap Up

    Watch and subscribe to the channel now as well as our substack and on your favourite podcasting channels at worthknowingpod.com

    26 min

About Worth Knowing

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A weekly podcast about the forces shaping politics, power and technology, and how they affect you.