Keen On

Last time the anti-monopoly crusader Tim Wu appeared on the show, he was warning broadly about the road to serfdom. But in his new book, The Age of Extraction, Wu gets much more specific. The real road to serfdom, he warns, runs through Silicon Valley. Forget for a moment about surveillance capitalism, Wu suggests, and imagine that the most existential threat to 21st century freedom and prosperity is the “platform capitalism” of tech behemoths like Google and Amazon. These multi-trillion-dollar companies, he argues, have transformed the very places where we do business—digital marketplaces that once promised democratization—into sophisticated extraction machines. Like the robber barons of the late 19th century, today’s tech platforms have concentrated unprecedented wealth and power, creating an economic system that lends itself to the most Hayekian of medieval metaphors. The Silicon Valley business model is turning us into digital serfs, he warns starkly. That’s the extractive goal—the ‘Zero to One,’ as its m

A couple of years ago, I asked the great military historian Richard Overy if World War Two had ended yet. Overy answered inconclusively, suggesting that wars were never really over. And such depressing wisdom is shared by Michael Livingston, a historian of another great war that shattered Europe - the Hundred Years War (1337–1453) between England and France. In his new book, Bloody Crowns, Livingston argues that Joan of Arc, Agincourt and the other now immortal iconography of the Hundred Years War shaped not just the histories of Britain and France but also the fate of the modern world. In fact, Livingston argues, the war was so consequential that it actually lasted two hundred years—and in some ways, still hasn’t ended.* Wars Never Really End—They Just Change Shape The rivalry between England and France didn’t stop in 1453—it went global, fueling centuries of colonial conflict across Africa, Asia, and the Americas. Today’s geopolitical tensions (think Russia-Ukraine, Israel-Palestine) are similarly rooted in

Two years ago, free speech champion Greg Lukianoff came on the show to express his concerns about conservative students getting cancelled on college campuses. Today, he’s terrified of the President of the United States. The CEO of the Foundation for Individual Rights and Expression (FIRE) has spent decades defending free speech against overzealous university administrators. But in Trump’s second term, Lukianoff finds himself fighting a much scarier adversary: a government hostile to free speech. Law firms have capitulated under threats of losing security clearances. Students have been deported for saying the wrong thing. And Trump keeps admitting he’s targeting people for their viewpoints—virtually guaranteeing he’ll lose in court while expanding executive overreach anyway.1. The Complete Reversal: Trump Adopted the Left’s Censorship Playbook The administration that campaigned against campus “cancel culture” now deploys the exact tactics it once condemned—misinformation claims, hate speech codes, viewpoint-ba

What the former Finance Minister of Chile Andres Velasco has called the Deliveroo effect is most evident in Poland. Despite unprecedented economic growth and prosperity, Velasco explains, Poles remain miserable. The problem, he suggests, is that we’ve become so used to the magical efficiencies of the digital revolution, that we expect instant miracles in both our political and economic lives. That’s one of the core issues Velasco, now Dean of Public Policy at the London School of Economics, and a group of leading public policy experts address in an intriguing collection of essays entitled The London Consensus. What the authors - who include Philippe Aghion, the 2025 Nobel Prize winner in economics - explore is how to come up with economic principles for the 21st Century that make us both happier and more prosperous, while confronting an existential challenge like climate change that didn’t even register in last century’s Washington Consensus. But democracy, Velasco warns, can’t work like a delivery app. We’v

In the midst of today’s AI hysteria, have we forgotten about blockchain technology and the seductive Web3 promise of decentralization? Robbie Bach, longtime Xbox chief and lieutenant of former Microsoft CEO Steve Ballmer, certainly hasn’t. In his new novel, The Blockchain Syndicate, the prescient Bach imagines not only a giant political crypto grift, but also warns about the siren song of Distributed Autonomous Organizations (DAOs). No, blockchain might not be as sexy or lucrative as LLMs these days - but Web3 still matters even if, as Bach suggests, its promise of a decentralized network remains more seductive than substantive.1. Crypto as “Giant Grift” Bach views cryptocurrency as a highly risky, speculative investment vehicle comparable to commodities like gold or silver, but warns there’s “definitely a giant grift” happening, with vulnerable people—particularly older investors putting their savings at risk—being exploited by those taking advantage of the crypto craze.2. AI Bubble Will Burst (But Not Catas

Bubble or not? But the debate that’s been raging over the current AI exuberance might be missing the bigger point. Yes, of course, it’s a trillion-dollar speculative bubble built around AI start-ups that mostly remain unprofitable. But as I note in my weekly tech conversation with That Was The Week publisher Keith Teare (who is significantly more optimistic than me), it’s more than just another Silicon Valley bubble. From the Trump family’s multi-trillion dollar cryptocurrency speculation to an increasingly pervasive online sports gambling culture (especially amongst young Americans), the new epidemic in America is one of speculation. A hundred years after the Roaring Twenties we are back where we started. I don’t know how it will end. Maybe there will be a 21st century version of Warren Harding’s Teapot Dome Scandal, maybe another Wall Street Crash. But I guarantee you two things: It will end, and that ending won’t be pretty - neither for America nor for the world. I’m even betting on it. 1. The Speculation

What’s the point of going to college? There used to be an obvious answer to this: to acquire the knowledge to get a better job. But in our AI age, when smart machines are already challenging many white collar professions, the point of college is increasingly coming into question—especially given its time and financial commitment. According to Caroline Levander, author of the upcoming InventEd, the American ‘tradition of innovation’ can transform college today. Levander, who serves as Vice President for Global Strategy at Rice University, argues that colleges must transform themselves from museums into startups. Indeed, the ideal of failure, so celebrated in Silicon Valley, must become a pillar of reinvented universities. And students too, who Levander has suggested have become increasingly conservative in their attitude to personal risk, must also learn to embrace not just innovative technological tools but also the messiness of personal disruption. That should be the point of college, Levander says. To learn

What unites Rudy Giuliani and Hunter Biden? According to the New York Times reporter Kenneth Vogel, they are both on the payroll of corrupt foreign interests. In his new book, Devils’ Advocates, Vogel reveals the hidden story of Giuliani, Biden and the other Washington insiders who sold access to American foreign policy. From the Balkans to Brazil, shadowy foreign players have discovered that the path to influencing Washington runs through well-connected Americans willing to take their money. Vogel exposes how shadowy figures like lobbyist Robert Stryk—who has openly admitted that he’d work for Kim Jong-un or the Taliban if they paid—have turned foreign influence into a lucrative industry. The Trump family’s multi-billion-dollar cryptocurrency ventures and Hunter Biden’s Romanian land deals represent the same often questionably legal phenomenon: foreign interests paying for perceived access to power. As enforcement weakens and the regulatory regime loosens, this shadow diplomacy system is shaping U.S. foreign

How to Save the American experiment? That’s the question the Yale historian John Fabian Witt asks this week in both a New York Times feature and his just published new book, The Radical Fund. Sometimes, Witt suggests, we need what he describes as a “calamity” to recognize and protect the American experiment in democracy. In the 1920s, the historian reminds us, this happened with the emergence of the Garland Fund, a charitable organization set up in 1922 which spawned many of the most profound economic and civil rights reforms of the mid century. Founded by Charles Garland, a disillusioned yet idealistic Harvard heir who refused his million-dollar inheritance, the Fund brought together unlikely bedfellows—from the ACLU and NAACP to labor unions—creating what Witt calls an “incubator” for progressive change. Drawing striking parallels between then and now, Witt argues that strategic philanthropy and what he calls “cross-movement dialogue” can reinvigorate American democracy in a similarly turbulent age of cultu

For financial journalist Elizabeth MacBride, the New American economy is like the old one - only worse. Describing it as the “Frankenstein version of neo-liberalism”, MacBride explains that business has overtaken government to create ever-more-powerful bankers like Larry Fink and Jamie Dimon. But all is not lost. In her upcoming new book, Capital Evolution, co-authored with the VC Seth Levine, MacBride argues that there’s a new consensus taking shape - what she calls “Dynamic Capitalism” - which balances profits with purpose. So if we can get beyond today’s neo-liberal Frankenstein moment, she promises, America will be able to address the great 21st-century challenges of inequality and climate change. I have to admit I’m not convinced. Rather than capital evolution, I see the growing political power of Wall Street players like Dimon and Fink. We shall see. But when a Wall Street CEO like Jamie Dimon announces $10 billion bets on national security (as he did early this week), it’s no surprise that the loudest

Churchill described Communist Russia as a riddle wrapped in a mystery inside an enigma. For Pulitzer Prize winning Princeton historian, Paul Starr, America might be the new Soviet Union. It’s a such contradiction, in fact, that he entitles his new book American Contradiction, in an attempt to describe the dominant narrative of “revolution and revenge” from the 1950s to today’s America. But unlike Churchill, who unwrapped the Russian enigma through national interest, Starr finds only more contradictory contradictions about America. The civil rights revolution triggered the Goldwater/Reagan/MAGA revenge. Obama’s hope intensified the reactionary backlash. Economic progress created deeper cultural despair. Each new development triggers an old question, each fresh solution an even staler problem. After 250 years tracing America’s conflicts from slavery through Trump, the distinguished historian admits he has no idea how it ends (or even begins). Perhaps that’s the biggest contradiction of all: a brilliant, yet pa

At 85, the venerable Jeffrey Archer has lived through enough crises to stay calm and carry on whatever the stormy political weather. The best-selling author—who has sold 275 million books and, as a Conservative MP and party chairman, served Margaret Thatcher for 11 years—speaks with the authority of someone who witnessed the Iron Lady’s firm politics up close and personal. But Mrs Thatcher isn’t the only British grande dame who Archer now mourns. His latest William Warwick thriller End Game, set against the backdrop of the 2012 London Olympics, is the story of a plot against Queen Elizabeth II, the beloved monarch who, in contrast with Mrs T, unified Britain. And then there’s what Archer definitely calls his “final novel”—a World War II story to be published next year that he believes will be “bigger than Cain and Abel.” But he also weighs in on today’s political chaos in Britain and America: Trump’s absurd contradictions, the chilling specter of Farage and Robinson, Starmer’s political problems, and why Ma

History rarely repeats itself, especially speculative bubbles. As it becomes increasingly obvious that today’s AI bubble will dramatically burst, the real question is not when but how.What makes this boom profoundly different from the DotCom crash of the nineties is OpenAI’s attempt to create an AI private monopoly by positioning itself at the center of trillions of dollars worth of self-serving “deals”. Sam Altman wants to simultaneously be the gambler, the slot machine owner, and the house. It’s a gamble that is, of course, brazenly rigged: he’s trying to simultaneously make OpenAI too important to fail and too well-financed to go public.That Was The Week’s Keith Teare cutely describes this imperial play as “Come To Daddy.” But it’s more complicated—and more dangerous. By weaving OpenAI into the heart of America’s AI economy, Altman isn’t just building a company; he’s constructing a systemic chokepoint not just for Silicon Valley and Wall Street, but possibly for an entire global economy dependent on AI exu

Tom Brokaw famously described America’s World War II servicemen as the “Greatest Generation”. But according to the historian David Nasaw, the Americans who fought in the Second World War are better understood as The Wounded Generation. His eponymous new book describes the pain and hardships that 16 million veterans endured upon their return home - a tragic story of PTSD, racism and family breakup. Brokaw celebrated the nobility with which these ex-soldiers got on with civilian life without either complaining or even talking about the war. But for Nasaw, this silence wasn’t just stoicism—it was often undiagnosed and sometimes even untreatable trauma.1. WWII Was America’s Longest and Most Brutal War The average soldier served nearly three years in uniform (compared to less than one year in WWI), with 75% deployed overseas. Combat on the European front was relentless, especially in the final year, with severe manpower shortages keeping GIs on the front lines for weeks or months without relief.2. Millions Return

According to the platform economist Sangeet Paul Choudary, author of Reshuffle, today’s AI hype is a feature rather than a bug in Silicon Valley. It’s a deliberate mechanism to attract capital in an “attention-poor, capital-heavy economy” while distracting from the lack of short-term business results. So who will ultimately win and who will lose in today’s AI arms race? While Choudary predicts power will concentrate around infrastructure players like Nvidia and enterprise workflow companies like Microsoft and Google, he warns that OpenAI risks becoming “the Cisco of this revolution” unless it moves beyond the commoditizing model layer. More troubling, for Choudary, is AI’s societal impact. We cannot trust Big Tech with our “agentic future,” he cautions—particularly as technologies like OpenAI’s Pulse preview eliminate the last vestige of user agency that we still possess. While pessimistic about US and Chinese models built on data hoarding and state-backed monopolies, the Dubai-based Choudary sees promise in

It’s springtime for charlatans. At least according to Quico Toro, coauthor (with my old friend Moises Naim) of Charlatans, a new screed about how grifters, swindlers and hucksters are bamboozling the media, the markets and the masses. If you listen to Toro, you wouldn’t want to get out of bed in the morning. Everywhere - on our screens, in our churches, even in the White House - there lurk charlatans intent on stealing our souls. As you can tell from my rat-a-tat scepticism, I’m not totally convinced by such hysterical fearmongering. Though he’s probably right that social isolation and AI-powered scams are making us sitting ducks for scammers. Anyway, at least there’s no chapter about huckster podcasters in Charlatans. So you are safe here from bamboozlers of all stripes. 1. The Harm Standard Is Everything Quico’s core thesis: charlatans aren’t just persuasive people you disagree with - they leave a trail of destroyed lives. No harm = not a charlatan (even if you find them distasteful, like the astrology busi

Next Monday is Columbus Day. Or should it be Indigenous People’s Day? According to the historian Matthew Restall we should be celebrating both Columbus and Indigenous People on Monday. The author of the timely The Nine Lives of Christopher Columbus, Restall places Genoa’s most famous sailor as a prisoner of history - endlessly protean to reflect each era’s changing values. The many lives of Columbus, then, is a mirror of how we have thought differently about him over the last 500 years. As history’s greatest saint and sinner, Christopher Columbus might be the ultimate Rorschach test. Tell me what you’ll be celebrating next Monday and I’ll tell you who you are. Happy hols!1. Columbus Was a “Manic Narcissist” Who Believed He Was God’s Agent Restall discovered Columbus wasn’t likable—he descended into believing he was divinely chosen and could even be found in the Old Testament. This grandiosity was partly his undoing as a colonial administrator.2. Columbus Failed as a Colonizer and Administrator Unlike the conq

Last weekend, the English reggae band UB 40 played in the Orpheum in Los Angeles and included in the set their 1980 song “Tyler”. Tyler is guilty white judges said soWhat right do we got to say it’s not soTyler is guilty white judges said soWhat right do we got to say it’s not soTyler is guilty white judges said soWhat right do we got to say it’s not soTyler is guilty white judges said soWhat right do we got to say it’s not soIn the audience was the song’s muse Gary Tyler who, as a sixteen year old in 1974, was put on death row for a crime he didn’t commit:Appeal to the governor, of LouisianaYou may get an answer the process is slowFederal court won, too much to openHe’s been there for five years and they won’t let him goThis week, Tyler released his autobiography, Stitching Freedom, in which he tells the story of the 41 years he spent in Angola high security prison for his “crime”. Yes, the process was slow - shamefully slow. It’s the shockingly true story of injustice, defiance and hope in Louisiana’s blood

Just be yourself many career coaches tell us. But for the psychologist and entrepreneur Tomas Chamorro-Premuzic, the reverse is true. Don’t Be Yourself Chamorro-Premuzic advises in his new book, arguing that authenticity Is overrated and what to do instead. Drawing from extensive behavioral science research, Chamorro-Premuzic contends that success comes not from unleashing your unfiltered self but from understanding where “the right to be you ends and your obligation to others begins.” Authenticity has not only become a privilege for the elite and a trap for everyone else, he argues, but increasingly impossible to distinguish from AI-generated fakery. So don’t be yourself, Chamorro-Premuzic suggests, in defiantly inauthentic advice for both our careers and our lives. 1. Strategic Self-Presentation Beats Radical HonestySuccess comes from “strategic impression management” rather than authentic self-expression. The person who confidently claims “I’ve done this a hundred times” gets the job over the honest cand

What unites America, it used to be said, is a common commitment to “freedom”. But in our disunited times, it's worth remembering that two incompatible versions of freedom have actually divided rather than brought the United States together. As the historian Nicholas Buccola notes in his intriguing new book One Man’s Freedom, these competing freedoms are represented in the thinking of the two icons of modern American conservatism and liberalism: Barry Goldwater and Martin Luther King. For Goldwater, freedom meant liberation from government interference—the right to be left alone to pursue economic success without federal meddling. For King, it meant empowerment—ensuring people had genuine capacity to participate fully in society. And as Buccola demonstrates, these competing visions persist in today’s debates over everything from healthcare to voting rights. When conservatives champion ‘medical freedom’ to refuse vaccines while liberals demand ‘reproductive freedom’ through government-protected abortion access