Logo
    Search

    NATO’s place in the global economy

    enFebruary 21, 2024

    Podcast Summary

    • NATO's Origin and EvolutionNATO, established in 1949 to counteract Soviet aggression, adapted and found a new purpose in maintaining peace and security in Europe after the end of the Cold War

      NATO, the North Atlantic Treaty Organization, was established in 1949 as a military alliance between the United States and Europe to counteract the growing aggression of the Soviet Union. Originally, the goal was to keep the Americans in Europe, the Russians out, and the Germans down. After the end of the Cold War in 1991, many questioned the need for NATO's continued existence without the Soviet threat. However, NATO adapted and found a new purpose in the Balkans crisis, proving its relevance in maintaining peace and security in Europe. Kathleen McGinnis, a senior fellow at the Center for Strategic and International Studies, explained on Make Me Smart that NATO's endurance can be attributed to its ability to evolve and respond to new threats and challenges.

    • NATO's Expanded Role in Global SecurityNATO has shifted from a European defense alliance to a global security organization, increasing its role in crisis intervention and peacekeeping missions. Members have pledged to boost defense spending to strengthen military capabilities, but critics question if NATO can meet its obligations with current resources.

      NATO has evolved from a defense alliance focused on European territorial conflicts to a global security organization, expanding its role to include crisis intervention and peacekeeping missions beyond its borders. This shift was exemplified by NATO's involvement in the Balkans crisis and its response to the 9/11 terrorist attacks in the United States. Article 5, which states that an attack on one NATO member is an attack on all, has been a contentious issue, with critics questioning whether NATO has the military capabilities to back up its commitments, particularly in the face of Russian aggression. In response, NATO allies pledged to increase defense spending to 2% of their GDP by 2024 to strengthen their military capabilities. The debate continues on whether NATO can truly meet its obligations with the current resources available.

    • Misconceptions about NATO fundingTrump's criticism of NATO allies not paying enough overlooks individual military spending requirements, and his disregard for Article 5 and Russia could impact economic stability and transatlantic trade.

      Former President Trump's criticisms of NATO allies not paying into the alliance are misleading. There is no collective pot of money that countries contribute to, but rather, each nation is expected to spend 2% of its GDP on its own military. Trump's statements about disregarding Article 5 and allowing Russia to act freely have raised concerns about American commitment to NATO among allies. The potential for a shift in U.S. political leaders' views on burden sharing could have significant economic consequences. Alliances like NATO contribute to stability, allowing for greater transatlantic trade and a foundation for global market security. Instances like the Black Sea Grain Initiative illustrate the importance of these relationships in maintaining economic stability.

    • Ukraine conflict and US policy shifts impacting global economy and securityUkraine instability causing commodity price hikes, US foreign policy uncertainty affecting global alliances, allies investing more in defense, skepticism about allies' fair share, adapting to changing geopolitical landscape

      The ongoing conflict in Ukraine and potential policy shifts in the US under a second Trump administration could have significant economic and strategic ripple effects around the world. The instability in Ukraine has led to increased prices of grain and other commodities, causing economic shockwaves and raising the cost of living for people globally. The uncertainty of US foreign policy under Trump has European allies preparing for a potential absence of the US on the global stage and investing more in their defense. However, even if Trump does not win the election, there are still concerns about American alliances and their utility due to skepticism about allies paying their fair share. While some allies are spending a significant portion of their GDP on national security, the broader scope of what contributes to allied security is often overlooked. It's essential for allies and partners to grapple with this skepticism and adapt to the changing geopolitical landscape.

    • Economic incentives drive public support for alliancesAlliances like NATO offer economic benefits beyond security and democracy, which can be more persuasive to the public.

      Alliances like NATO bring economic benefits to individuals in addition to promoting democracy and protecting against authoritarian regimes. These economic incentives, such as cheap goods from Costco and access to foreign wines, can be more persuasive to the public than arguments based on governance and human rights. A recent example of this was seen during the COVID-19 pandemic, where people were more motivated to wear masks to save the economy than to save lives. In other news, the defense industry's commercialization of space is deepening ties between private companies like SpaceX and US intelligence and military agencies. While this is a natural extension of the government's shift towards private investment in space, the influence of SpaceX's Elon Musk on national security establishment is a cause for concern due to his unpredictable behavior.

    • The influence of individuals in national security and financial independence within the black communityConcerns over transparency and trustworthiness arose from a figure's involvement in national security matters. Cash usage within the black community and historical financial context were discussed in relation to an investigation into election interference.

      The influence of certain individuals in the national security establishment can be concerning, especially when their actions raise questions about transparency and trustworthiness. This was highlighted in discussions about a particular figure and his involvement in national security matters. Additionally, the importance of financial independence and the use of cash, particularly within the black community, was brought to light through the Fulton County, Georgia election interference investigation. Fonnie Willis, the district attorney leading the case, has faced scrutiny over her reliance on cash and allegations of impropriety. Two articles from CNN and The Washington Post detail instances of her paying for expenses in cash and her father's influence on her financial habits. These stories shed light on the historical context of African Americans and their relationship with the financial system, which may contribute to a greater emphasis on having cash within this community.

    • The Significance of Cash in the Black CommunityHistorical mistrust of the banking system within the Black community leads to the continued use of cash as a means of financial security, which has been scrutinized in investigations, highlighting the complex relationship between race, money, and trust in the legal system.

      The use of cash and its cultural significance, particularly within the Black community, has become a focal point in the ongoing investigation against Fani Willis. Floyd, who advised Willis to always carry cash and instilled in her the value of financial independence and security, shared an experience of being denied payment methods other than cash at a restaurant in the past. This incident, among others, highlights the historical mistrust of the banking system within the Black community and the continued significance of cash as a means of financial security. The use of cash by Willis and her father has been scrutinized by mostly white attorneys during the trial, leading to accusations and assumptions of guilt. This cultural divide and the stigma surrounding cash usage in the context of investigations underscores the complex relationship between race, money, and trust in the legal system.

    • Impact of history and societal norms on financial experiencesHistorical contexts and societal norms shape financial experiences differently for various communities and individuals, highlighting the importance of understanding these unique challenges.

      History and societal norms continue to impact the financial experiences of individuals and communities, particularly for those who have been historically marginalized. This was highlighted in a conversation about the unbanked black community and the art piece "I Feel Most Colored When Thrown Against a Stark White Background" by Glenn Ligon. Meanwhile, in the mailbag segment, listeners shared personal stories about the importance of financial independence for women and the unique challenges faced by cats when trying to navigate trees. Beth from New York City shared how her grandmother's experiences with financial hardship after a divorce motivated her to always have her own money. Kazu from San Francisco introduced listeners to the Animal Planet show "Treetop Cat Rescue," which follows tree trimmers who rescue cats stuck in trees due to their claws' shape making it difficult for them to descend normally. These stories underscore the importance of understanding historical contexts and the unique challenges faced by different communities and individuals when it comes to financial matters.

    • NASA astronaut's unique perspective from spaceAstronaut's new perspective: Earth is our shared home, renewed focus on literacy due to podcast's impact

      Our perspective can be challenged even on things we believe we know well. NASA astronaut Nicole Stott shared her experience of this during her first space mission. She thought she knew that all the work in space was for scientific and technical benefits, but her time in space showed her that it was also about the simple fact that we are all earthlings. This realization came from the unique perspective of looking at Earth from space and recognizing our shared planetary home. This simple truth became incredibly clear to her and her crew. It serves as a reminder that sometimes, the most profound insights come from the simplest of realizations. Additionally, there's a renewed focus on literacy in the United States, with schools changing their approaches to teaching reading. This shift is due in part to a podcast called "Sold A Story," which investigates how teaching kids to read went wrong. The podcast has had a significant impact on listeners, including one individual who is advocating for a renewed focus on literacy across the nation.

    Recent Episodes from Make Me Smart

    Our take on the debate (and drone light shows)

    Our take on the debate (and drone light shows)

    There were no fireworks for the Democratic Party during last night’s debate between President Joe Biden and former President Donald Trump. While Trump made false claims throughout the night, Biden did little to assuage fears that he’s not up to the job. We’ll get into how the Biden campaign’s fundraising strategy is already shifting and what it might mean for downballot races. Then, we’ll weigh in on Fourth of July travel and drone light shows during a game of Half Full/Half Empty!

    Here’s everything we talked about today:

    We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

    Make Me Smart
    enJune 29, 2024

    SCOTUS shakes up SEC

    SCOTUS shakes up SEC

    The U.S. Supreme Court dealt a huge blow to the Securities and Exchange Commission today when it ruled against its use of in-house judges to enforce securities fraud laws. We’ll get into why the decision will make the SEC’s job harder and what it could mean for other federal agencies. Plus, we’ll bust a common myth about Social Security and explain why homeownership is key factor in how Americans are faring in this economy.

    Here’s everything we talked about today:

    We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

    Make Me Smart
    enJune 27, 2024

    Keeping up with the Supreme Court

    Keeping up with the Supreme Court

    This year’s Supreme Court decision season has been a busy one, and it’s not over yet. We’ll get into the court’s leaked opinion on emergency abortions and two other expected decisions that have the business world watching. Plus, another round of Cybertruck recalls and why it’s fine to keep referring to X as Twitter (per one Supreme Court justice).

    Here’s everything we talked about today:

    We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

    Make Me Smart
    enJune 26, 2024

    Are we living in a K-shaped economy?

    Are we living in a K-shaped economy?

    In the wake of the COVID-19 recession, many economists were describing the United States’ economic recovery as K-shaped. Basically, high-income Americans bounced back quicker than those at the lower end of the income scale. So, did we ever ditch that K shape? The person who coined the phrase “K-shaped recovery” back then, says no. On the show today, Peter Atwater, president of Financial Insyghts and adjunct professor at the College of William & Mary, explains why he believes economic inequality has grown since the pandemic recovery, why considerable wage gains for low-wage workers tell only part of the story and the risks of letting a K-shaped economy run wild.

    Then, we’ll get into how the fragility of global shipping supply chains could be playing into Federal Reserve decisions on interest rates. And, happy wedding anniversary, Susanna!

    Here’s everything we talked about today:

    We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

    Make Me Smart
    enJune 26, 2024

    The conservative push to weed out anti-Trump federal workers

    The conservative push to weed out anti-Trump federal workers

    Groups aligned with former President Trump are hunting through information to come up with a list of federal employees who might be resistant to a second Trump administration. We’ll discuss the push to reshape government. Plus, is the urban/rural divide a myth? And, a viral voicemail pep talk from a testing center worker makes us smile.

    Here’s everything we talked about today:

    We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

    Make Me Smart
    enJune 24, 2024

    The IRS battles a fraud-plagued tax credit

    The IRS battles a fraud-plagued tax credit

    Four years after the Internal Revenue Service created a tax credit to help struggling businesses get through the pandemic, the agency ultimately plans to reject the majority of claims filed under the program. We’ll explain how it became swamped with fraud. And, Major League Baseball legend Reggie Jackson opened up about the racism he and other Black players faced in the ’60s. We’ll get into it. And, we’ll play a round of Half Full / Half Empty!

    Here’s everything we talked about today:

    We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

    Make Me Smart
    enJune 22, 2024

    Turbulent times at Boeing

    Turbulent times at Boeing

    This week, senators grilled Boeing CEO Dave Calhoun about the aviation company’s safety culture and its retaliation against whistleblowers. But these problems are just the tip of the iceberg for Boeing. We’ll explain. Plus, why President Joe Biden’s new immigration plan is a big deal. And, who knew there were this many cricket fans in the U.S.?

    Here’s everything we talked about today:

    Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks and play a round of Half Full/Half Empty!

    Make Me Smart
    enJune 21, 2024

    From “What Happened in Alabama?”: The history of Black land loss

    From “What Happened in Alabama?”: The history of Black land loss

    In honor of Juneteenth, we’re bringing you an episode of a new podcast from APM Studios that’s especially relevant on this holiday. In the podcast, “What Happened in Alabama?” host Lee Hawkins unpacks his family history, confronts cycles of trauma and grapples with an issue many Black families face: how to keep land in the family.

    This episode is about Black land loss. In 1910, Black farmers collectively owned over 16 million acres of farmland. A century later, over 90% of that land is no longer owned by Black farmers. Lee explores that tumultuous history and what Black families can do to hold on to their property.

    If you’d like to hear more episodes from the series, you can find “What Happened in Alabama?” wherever you get podcasts.

    Make Me Smart
    enJune 19, 2024

    The economics of building a life around friends

    The economics of building a life around friends

    A recent survey found that almost 15% of Americans have co-bought a home with someone other than a romantic partner, and almost half said they’d consider it. This is part of a larger trend — many Americans are choosing to structure their lives around friends as opposed to a spouse or romantic partner. On the show today, Rhaina Cohen, author of “The Other Significant Others: Reimagining Life with Friendship at the Center,” explains what it really means to build your life around friends and the financial costs and benefits that come with it. Plus, how the LGBTQ+ community has shaped the conversation around the  issue.

    Then, we’ll unpack what baby boomers’ retirement readiness says about the wealth gap in the United States. And, the endless possibilities for crab emojis and why our intern, Thalia, was wrong about her curly hair.

    Here’s everything we talked about today:

    We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

    Make Me Smart
    enJune 19, 2024

    The false economic narratives continue

    The false economic narratives continue

    With the elections for president, the Senate and the House just 4½ months away, misinformation is on the rise. We’ll get into the kind of false narratives to look for on the campaign trail. Plus, how loopholes in medical billing underscore the importance of change at the state and local levels. And, the story of a remote-controlled robot that rescues swimmers in distress.

    Here’s everything we talked about today:

    We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

    Make Me Smart
    enJune 18, 2024

    Related Episodes

    #214 - Facebook Busted for Pushing Sensationalistic and Divisive Content

    #214 - Facebook Busted for Pushing Sensationalistic and Divisive Content
    Explosive new report from The Wall Street Journal reveals that facebook employees were worried that an algorithm change would push sensationalistic and divisive content, and it did.

    Facebook should be shut down. For all you businesses out there that RELY on facebook, better call us for a website of your own soon. 940-224-6315

    Facebook should be shut down for dividing the country and influencing a federal election.

    What you'll learn in this podast;

    - Facebook employees knew that an algorithm change in 2018 would elevate false and divisive content.

    - The company graded posts to decide what to prioritize in users' News Feeds

    - Employees said it was "an increasing liability," and Zuckerberg wasn't always open to broadly fixing it.

    ... and get some insight as to what my take on this is. LISTEN IN!

    Live Q&A: Trucker Convoy Could Tear Down Virus Mandates; Biden Sending Troops to Eastern Europe

    Live Q&A: Trucker Convoy Could Tear Down Virus Mandates; Biden Sending Troops to Eastern Europe

    American truckers are joining with the tens of thousands of Canadian truckers, protesting vaccine mandates, and public support is growing for them in both countries. Brian Von D, the administrator at “Convoy to DC 2022” announced in a live video on Facebook that they are joining forces – and will drive from California to Washington. He's saying that as they move to support the Canadian trucker protests, "America is next."

    Meanwhile, President Joe Biden announced he will move US troops to Eastern Europe, and to member countries of NATO. This is in response to Russia threatening to invade Ukraine. It now has an estimated 100,000 troops, along with tanks and other weapons, at Ukraine's northeast border.

    In this live Q&A with Crossroads host Joshua Philipp we'll discuss these stories and others, and answer questions from the audience.

    ⭕️ Stay up-to-date with Josh with the Crossroads NEWSLETTER👉 https://ept.ms/CrossroadsNewsletter
    ⭕️ Support our fight for the truth👉 https://donorbox.org/crossroads

    Great Scott! Obama Has a Time Machine!

    Great Scott! Obama Has a Time Machine!

    In the second segment of this week's show we turn our attention to the week in news.  

    Libya: Is the U.S. engaging in third conflict in the Middle East? Did Obama require Congressional approval before launching Cruise missiles into the country? What is the "mission", end-game and role of the U.S. and NATO allies in enforcing the no-fly zone? Is it possible to support the fall of Gaddafi, yet not have to commit long-term to the potential aftermath of a country without leadership and/or prolonged nation-building to fill any vacuum left by Gaddafi’s overthrow? We attempt to bring light to the events in Libya and what we view as the major issues facing U.S. involvement.


    Obama’s Birth Certificate: Can we finally put this ridiculous narrative to bed? In this portion of the segment, we discuss the overwhelming evidence of Obama’s citizenship and birth in Hawaii, and why those who perpetuate this story are grasping at pathetic straws due to the lack of any other substantive or real argument about the man and his policies. We also address the issue of the GOP’s obsession with Obama’s father and his supposed “influence” on the President’s world-view.


    Politics: We round out the segment with some 2012 Presidential election discussion and what we see as the issues facing the incumbent President, in addition to the issues facing the GOP and their split allegiances between the traditional conservative voters and the nonsensical rhetoric of the Tea Party. Can the GOP win by hugging the fence between “birthers” and the more moderate conservative and independent voters? Is it possible to be considered a serious candidate, while embracing the rhetoric of the far-right / Tea Party?

    www.stimulatedboredom.com