In recent years, retail trading of stocks has absolutely exploded. This is happening despite the fact that investors are subject to a constant stream of propaganda that individuals can't beat the market, and that the proper way to invest is through low-cost index funds that you don't pay regular attention to. More than anyone else, one man has been banging the drum (literally) for years that individuals can beat the market and are smart enough to select individual securities. That, of course, is Jim Cramer, the host of the popular TV show Mad Money on CNBC. He is also the author of the new book, How to Make Money in Any Market. We discuss his philosophy of investing, his career, his time as a young college-age radical, the time he lead a wildcat strike and got fired, his thoughts on memestock mania, and much more.

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When President Trump announced the tariffs on Liberation Day, it seemed to truly mark the end of the old world trading system. But of course it had been dying for a long time. The first Trump administration erected aggressive trading barriers against China. Then Biden expanded them further. And there were signs of its demise even under Obama. So what was the global trading system? What will come after it? What are the benefits and costs to changes? On this episode, we speak with Michael Froman, the President of the Council on Foreign Relations, and the former Trade Representative during Obama's second term. We discuss how the system began to collapse, and what he sees as the emergence of a new "polyamorous" global trading system, where friends and allies and partners move in a more liquid manner between different poles and blocs.

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There is a widespread view that China is a superpower of rising status, and that a new global order is emerging with the country as an important pole in it. You see this with the growing BRICS organization. You also see this with the leaders who went to Beijing recently for the country's military parade. And of course, this comes at a time when the US is erecting trade barriers with everyone, including many of our closest friends and allies. So how does China see its role in this world? Will it play a role that's similar to what the US has played? Will it look very different? Does China want to reinvigorate legacy multi-lateral organizations like the UN? On this episode, we speak with Henry Huiyao Wang, the Founder and President of the Center for China and Globalization. Having been founded in 2008, the CCG is now China's largest independent think tank, with offices in multiple cities. We discuss China's perspective on the US, its potential role in establishing a Russia-Ukraine ceasefire, its perspective on Israel and Gaza, and the type of role it could play in a new form of globalization.

Read more:
China’s Defense Minister Warns on Taiwan, Condemns ‘Bullying’
Why Is China Stockpiling So Much Oil?

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