The David McWilliams Podcast

This week, we start with Oasis and end in Silicon Valley, via Tír na nÓg. We’re talking about the economics of not dying, and how tech billionaires are pouring billions into that dream. From Oasis belting Live Forever to Irish mythology’s take on eternal youth, we ask: why are we so obsessed with dodging death? We explore the surreal story of Brian Johnson, the tech bro spending $2 million a year trying to reverse ageing. Vegan diet, 100 supplements a day, teenage blood transfusions… all in an effort to achieve his goal of slowing his biological clock by 7.5 months every year. Meanwhile, he's founded a Don't Die movement with Discord channels, Blueprint protocols, and longevity summits. We dig into the money behind it all: the anti-ageing industry is already worth $70 billion and is projected to hit $140 billion by 2034. Google’s Calico Labs, Bezos’s $3 billion bet on Altos Labs, and a biotech unicorn called Cambrian Bio (valued at $1.8 billion) are all racing to crack the longevity code. What kind of world are we building? Is this the new Tír na nÓg, a fantasy only for the rich? We imagine a world where ageing is optional… but only if you can afford it.

Trieste is a city that’s belonged to everyone, and no one. This week, we go walking through a place that’s been Austrian, Italian, Yugoslav, and, at one point, technically run by the United Nations. It's a port city without a hinterland, a European crossroads where empires once collided, and identities blurred. What if this strange, stateless city is actually a glimpse of the future? Trieste thrived when borders were open and trade was fluid. It declined when nationalism took hold and lines were drawn. In a world now swinging back toward protectionism, identity politics, and hard frontiers, Trieste’s story becomes a warning. We explore how the city gave rise to Freud, Joyce, and Svevo, why it drove Mussolini mad, and what it teaches us about globalisation, ambiguity, and the power of being in-between. It’s a story about ports, poetry, and politics, where geography becomes destiny, and liminality becomes strength. As cities everywhere wrestle with who they are and who they serve, Trieste might just be the original global city: chaotic, contradictory, and decades ahead of its time.

After travelling through Montreal, Bilbao, and Vilnius, cities alive with colour, sound, and soul, I returned home and felt the contrast sharply. Dublin, like many cities across the developed world, feels hollowed out. Despite booming economic growth and over €150 billion sitting idle in savings accounts, our capital is crumbling. Streets are lifeless, dereliction is everywhere, and policy seems paralysed. So what went wrong? This week, we explore how bad incentives, not bad people, kill cities. Drawing on historical revivals like Temple Bar, we propose bold 21st-century solutions: tax breaks to bring buildings back to life, amnesties to release hoarded property, and a new savings product that lets the public invest directly in urban renewal. If the private sector won’t build, let the public fund it. Then we turn to global markets, where Trump is gearing up to fire Fed Chair Jay Powell and slash interest rates. But he may learn the hard way: the bond market, not the White House, sets the tempo. If confidence cracks, long-term interest rates could skyrocket. Urban decay and global volatility are two sides of the same economic coin. Can we change course in time?

Are we living through the death of innovation? We’re back in HQ asking a tough question: has culture stagnated, and if so, is economics to blame? We explore the twin juggernauts of our age: financialisation and tech. From Florence under the Medicis to Hollywood in 2023, we trace how once-risky bets on the new have been replaced by spreadsheets and streaming algorithms. In 2023, all of the top 10 highest-grossing global films were sequels, spin-offs, or remakes. Back in 2005, 40% of top films had original scripts; now it's less than 10%. Meanwhile, only 27% of all streamed music is new, and catalogue music made up 70% of US consumption by 2021. We ask: who owns culture now? What happens when Spotify, Marvel, and private equity become the A&R men of our era? And could the rise of AI, which looks backwards by design, make this even worse? Join us as we unravel how economics may be drowning out the avant-garde.

Has Israel just become the undisputed power in the Middle East? After a lightning-fast 12-day conflict, oil prices fell instead of spiking, Iran backed off with symbolic missile strikes (after giving the U.S. a heads-up), and Russia is suddenly too nostalgic about its expats in Tel Aviv to pick a side. We unpack how this war, short, sharp, and stunning, shifted the entire balance of power in the region. Why didn’t the Strait of Hormuz crisis materialise? Why are markets pricing in peace while Gaza burns? And what does this all mean for Iran’s regime, which now looks more cornered than combative? We also take a surprising detour through France, exploring how language is shaped by power, and why the poor speak more languages than the rich. Is this the start of a new Middle East? Or just the next chapter in a permanent struggle? 

 Live from a packed GAA hall at the Dalkey Book Festival, this episode tackles one of the wildest questions in economics: how did humans, flimsy, anxious apes, end up running the world, and why did we invent money to do it? We dig into the evolution of money as a collective hallucination hardwired into our psychology. Along the way, we unpack how 90% of dollars exist only digitally, how the pandemic rewired our sense of value, and why the dollar’s global dominance might be nearing its final act. From Mesopotamian beer tabs to the Fed’s modern firepower, we trace the story of money as a force that built empires and could just as easily unmake them.

In this powerful episode recorded at the Dalkey Book Festival, we sit down with Israeli historian Avi Shlaim, whose memoir The Memoirs of an Arab Jew weaves together the personal and political. Born in Baghdad and expelled to Israel, Shlaim dismantles the dominant Zionist narrative and shares a forgotten story: that of the Arab Jews, rooted in the Middle East for millennia, fluent in Arabic, and often alienated in the state built in their name. Shlaim explores British colonial meddling, the legacy of the Holocaust, and what he calls Israel’s transformation from a refuge into a settler-colonial project. He also offers explosive insights into Mossad’s alleged role in the exodus of Iraqi Jews. This is a conversation about historical amnesia, and why the trauma of the past can’t justify injustice in the present.

Tensions in the Middle East are escalating, following Israel’s surprise attack on targets across Iran on Friday, and ensuing strikes between the two powers continued over the weekend. The Muslim world has often been accused of a failure to modernise and adapt. Christopher de Bellaigue disagrees and charts the forgotten story of the Islamic Enlightenment – the social movements, reforms and revolutions that transformed the Middle East from the early nineteenth century to the present day. Modern ideals and practices were embraced across the region, including the adoption of modern medicine, the emergence of women from purdah and the development of democracy. We look behind the sensationalist headlines in order to foster a genuine understanding of Islam and its relationship to the West. 

Forget Brussels, the first European Union was built by medieval merchants, not politicians. This week, we dive into the Hanseatic League: a loose alliance of 200 city-states that dominated trade across the Baltic and North Seas for 500 years. They pioneered free trade, built Europe’s first banking networks, and forged a multilateral model that still shapes today’s EU. Their story is also a warning. The League eventually lost out to land-based nation-states, a tension that’s alive again in today’s battles between globalists and nationalists, city-states and populist powers. Along the way, we also explore the unlikely African roots of Russia’s greatest poet, medieval slave routes linking Dublin to Iran (!), and why the architecture of Lutheran cities tells the story of global trade.