The Munk Debates Podcast

Rudyard and Andrew examine the aftershocks of the U.S. midterm elections, with Trump refusing to take responsibility for the Republicans’ heavy losses and some of his most loyal allies beginning to distance themselves. Has the president lost control of his party? One clear miscalculation was his failure to recognize just how unpopular the Iran war had become, even among his own supporters. Have we reached the uncomfortable conclusion that Iran has won the war on its own terms? What might a negotiated settlement look like? And for Canada, should the election results prompt a rethink of our approach to trade negotiations with Washington? In the second half of the program, Rudyard and Andrew turn to last week’s federal budget. What grade would Andrew give it? With revenues rising and spending falling, the government has roughly $30 billion a year in additional fiscal room. Yet rather than put that money toward reducing the deficit, the budget commits it to new spending. Why is the government choosing to spend rather than save? And does the budget signal that the prime minister may be preparing for a spring election?

Rudyard and Janice examine the midterm results through the lens of the Iran conflict. Tehran may be the biggest beneficiary: a wounded U.S. president, a vice-president openly citing the war as a factor in the Republicans’ defeat, and Benjamin Netanyahu's political prospects diminishing Israel. If the Iranian regime can survive the conflict, it may emerge into a dramatically altered strategic environment. The next two weeks could prove decisive. What will Iran’s gains - as a relatively weak military power - signal to China and Russia about American power?In the second half of the show, Rudyard and Janice turn to what the midterms mean for Canada. A more moderate United States would be a welcome development, and Tuesday’s results may open the door to a return to political normalcy and a retreat from chaos. But Canada must also draw its own lessons: it needs to invest in its strength and resilience to protect itself against the next Trump-like threat.

Andrew joins Rudyard to break down the U.S. election results and what they mean for the future of the Trump presidency—and for Canada. As a lame-duck president, will Trump moderate his behaviour or become even more extreme? Is Canada's hand in trade negotiations stronger today than it was 24 hours ago? And with Democrats seeking greater control over tariff policy, what might this mean for the Canada-U.S. trade relationship?Rudyard and Andrew then turn to the future of the Republican Party and Trumpism. Can Republicans rebuild, or will the movement endure beyond Trump? Andrew is less optimistic about the prospect of meaningful change, warning that “whatever succeeds Trump can still be very problematic.”Finally, they examine the role of big money in American politics. With deep-pocketed donors—particularly tech figures like Elon Musk—facing a rebuke at the polls, is there an opening for campaign finance reform?

Benjamin Netanyahu has emerged with the largest party in the Knesset, but the result is a hung parliament and an uncertain path to forming a government. Why did the polls and political analysts get his prospects so wrong? What follows will likely be weeks of cutthroat coalition negotiations and backroom political manoeuvring, all against the backdrop of a possible joint US-Israeli strike on Iran.To listen to the second half of the show and Rudyard's exclusive interview with a former Prime Minister of Israel, become a Munk Donor here: https://munkdebates.com/donations/

Rudyard and Andrew examine a series of elections, from British Columbia and Toronto to Brazil and Israel, and the common thread connecting them: strong voter turnout, particularly among younger voters. How are young people reshaping the political landscape, and what might these results signal ahead of next week’s U.S. midterms?In Israel, Benjamin Netanyahu faces a difficult path to forming a governing coalition, while Brazil’s Luiz Inácio Lula da Silva defeated right-wing challenger Flávio Bolsonaro. Are these results part of a broader shift away from right-wing nationalist leaders?In the second half, Rudyard and Andrew turn to Canada’s upcoming federal budget. Andrew argues that Mark Carney’s government must rein in spending, confront the fiscal pressures of an aging population and rising healthcare costs, and, above all, make economic growth a national priority.

Rudyard and Janice survey a world in turmoil, from protests across Europe and rising oil prices to Starshield disruptions in Ukraine and signs of possible renewed U.S. and Israeli strikes against Iran. Are developed democracies entering a period of profound transition?They turn first to the prospect of renewed U.S. and Israeli strikes against Iran. Trump has shown little strategic patience or clarity of purpose, while Tehran has threatened to retaliate against energy infrastructure across the Gulf. What would a third round of strikes actually achieve? Would it bring Iran to the negotiating table, or simply trigger a wider regional conflict? And what role might Saudi Arabia play? In the second half, Rudyard and Janice examine the disruption to Starshield, SpaceX’s military-grade satellite communications system, which Ukraine relies on for frontline operations and air defence. The reported restrictions have raised serious questions about Ukraine’s ability to conduct military operations and intercept Russian attacks. Who is responsible for the disruption, and what roles, if any, did Elon Musk and the Trump administration play? More broadly, what does this episode reveal about the risks of entrusting critical military infrastructure to a private individual with the power to shape geopolitical outcomes?

Rudyard and Andrew examine the social unrest sweeping across France. Andrew argues that while protest is deeply embedded in French political culture, the current wave of demonstrations is being fuelled by political opportunism, with the far left exploiting legitimate grievances to foment disorder. With President Macron deeply unpopular and his presidency increasingly weakened, the unrest risks benefiting Marine Le Pen, as the political centre struggles to hold.How much sympathy should we have for a younger generation burdened by debt and deficits accumulated by their elders? And is France a warning of what lies ahead for the West, as citizens confront an affordability crisis, strained public services and the prospect of a diminished future? Andrew argues that slow economic growth lies at the heart of these challenges, eroding public confidence and making it harder for governments to deliver on their promises. Canada faces many of the same pressures, raising a critical question: what is the path back to growth? The good news, Andrew suggests, is that the political centre has held in Canada under Mark Carney.

Rudyard and Janice begin today’s show with Russia and Ukraine exchanging strikes following a brief, Trump-brokered energy ceasefire that lasted just 48 hours. Is Zelensky’s open defiance of Trump connected to Starlink being shut off in Ukraine and a series of Russian ballistic missile strikes launched without warning? The Trump administration appears to be ratcheting up pressure on Kyiv, punishing Ukraine while Putin faces few consequences for violating the president’s truce. Is Trump trying to weaken Zelensky and force him into concessions that would give Putin enough of a “win” to end the war? As devastating as the prospect of concessions may be, is ending this prolonged and deadly conflict ultimately the better outcome? In the second half of the show, Rudyard and Janice turn to AI and the growing threat of cyberattacks powered by AI models that can infiltrate internet-connected devices and potentially spawn autonomous, malicious AI agents. Why aren’t governments stepping in? We find ourselves in a strange moment of powerlessness, waiting for an AI-driven disaster to strike. And it may be the next generation that pays the highest price.

Andrew and Rudyard begin today’s show with Trump’s decision to waive sanctions on Russian diesel in an effort to bring down fuel prices ahead of the midterms. Trump is once again putting Putin’s interests ahead of Ukraine’s and showing his admiration for authoritarian leaders whom he wishes to emulate. The move risks bolstering Putin and increasing pressure on Ukraine, while Trump shifts blame for the war’s continuation and rising oil prices onto Zelensky and Kyiv — scapegoating Ukraine for a crisis of America’s own making.In the second half of the show, Rudyard and Andrew turn to Alberta’s upcoming referendum. Beyond separation, the vote could bring questions of immigration and federal equalization to the fore. Andrew sees the referendum as a cynical attempt to stoke anti-immigrant sentiment and fuel resentment toward Ottawa. He argues that referendums do little to resolve underlying tensions, instead creating a platform for new grievances.