Trump, Markets and The Greatest Crash in U.S. History, with Andrew Ross Sorkin (Part Two)

特朗普、市场以及美国历史上最大的股市崩盘,与安德鲁·罗斯·索尔金(第二部分)

Intelligence Squared

2025-12-03

37 分钟
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单集简介 ...

In 1929, the world watched in shock as the unstoppable Wall Street bull market went into a freefall, wiping out fortunes and igniting a depression that would reshape a generation. In November 2025, Andrew Ross Sorkin, acclaimed New York Times columnist and author, came to Intelligence Squared to reveal the lessons of the 1929 financial crash and how that era of political instability and market turmoil eerily mirrors today. Drawing from his new book 1929, he set out a blueprint for understanding the cycles of speculation, regulatory missteps and warning signs of economic crash that we choose to ignore at our own peril. --- If you'd like to become a Member and get access to all our full ad free conversations, plus all of our Members-only content, just visit intelligencesquared.com/membership to find out more. For £4.99 per month you'll also receive: - Full-length and ad-free Intelligence Squared episodes, wherever you get your podcasts - Bonus Intelligence Squared podcasts, curated feeds and members exclusive series - 15% discount on livestreams and in-person tickets for all Intelligence Squared events  ...  Or Subscribe on Apple for £4.99: - Full-length and ad-free Intelligence Squared podcasts - Bonus Intelligence Squared podcasts, curated feeds and members exclusive series … Already a subscriber? Thank you for supporting our mission to foster honest debate and compelling conversations! Visit intelligencesquared.com to explore all your benefits including ad-free podcasts, exclusive bonus content and early access. … Subscribe to our newsletter here to hear about our latest events, discounts and much more. https://www.intelligencesquared.com/newsletter-signup/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
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单集文稿 ...

  • Welcome to Intelligence Squared, where great minds meet.

  • I'm producer Mia Sorrenti.

  • For this episode,

  • we're rejoining for part two of our live event with author New York Times columnist and CNBC presenter Andrew Ross Sorkin.

  • Ross Sorkin joined us recently at Conway Hall to discuss the lessons of the 1929 financial crash and the parallels with today's political and economic turbulence.

  • He was in conversation with Gillian Tett, columnist at the Financial Times.

  • If you haven't heard part one, do just jump back an episode and get up to speed.

  • Let's rejoin the conversation now, live at Conway Hall.

  • I'd say, you know, Silicon Valley,

  • the people from Silicon Valley I speak to know the mass doesn't work.

  • I mean, they're all spending hundreds of billions of dollars on this AI build out,

  • which can't possibly earn them back the kind of money,

  • as you say, unless we all lose our jobs and the AI runs everything.

  • But they each think that they're going to be the one company that wins and everyone else will lose and lose the money and everyone else will crash,

  • but they'll be the survivor.

  • And that, I think, is a mentality.

  • But the thing that makes me amazed is they're all betting on the same type of AI,

  • which is large language models on the so-called transformers technology.

  • And they all seem to assume that that's the only dominant system that's going to be there forever.

  • And it's a bit like people betting on the wrong type of DVD early on,