132. The Mistakes That Led to Trump

The Rest Is Politics: US

Goalhanger

News, Politics, Government

4.4 • 2.9K Ratings

🗓️ 25 November 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

How did the post-WWII trade system boost Western prosperity, and why did it later unravel? Why did 1990s globalisation hit working-class communities so hard? And, how did these economic shocks help drive modern populism and Trump’s rise? Join Katty Kay and Anthony Scaramucci as they answer all these questions and more. Make someone a Founding Member this Christmas – a year of ad-free listening, members-only miniseries, a bonus members-only Q&A podcast every week, and early access to new episodes. Just go to https://tripus.supportingcast.fm/gifts. And of course, you can still join for yourself at any time at therestispoliticsus.com To save your company time and money, open a Revolut Business account today via www.revolut.com/rb/therestispoliticsus, and add money to your account by 31st of December 2025 to get a £200 welcome bonus or equivalent in your local currency. Feature availability varies by plan. This offer’s available for New Business customers in the UK, US, Australia and Ireland. Fees and Terms & Conditions apply. For US customers, Revolut is not a bank. Banking services and card issuance are provided by Lead Bank, Member FDIC. Visa® and Mastercard® cards issued under license. Funds are FDIC insured up to $250,000 through Lead Bank, in the event Lead Bank fails. Fees may apply. See full terms in description. For Irish customers, Revolut Bank UAB is authorised and regulated by the Bank of Lithuania in the Republic of Lithuania and by the European Central Bank and is regulated by the Central Bank of Ireland for conduct of business rules. For AU customers, consider PDS & TMD at revolut.com/en-AU. Revolut Payments Australia Pty Ltd (AFSL 517589). Instagram: ⁠⁠@RestPoliticsUS⁠⁠ Twitter: ⁠⁠@RestPoliticsUS⁠⁠ Email: ⁠⁠therestispoliticsus@goalhanger.com⁠⁠ Producer: Fiona Douglas, India Dunkley Video Editor: Kieron Leslie Social Producer: Charlie Johnson Senior Producer: Callum Hill Head of Content: Tom Whiter Head of Digital: Sam Oakley Exec Producers: Tony Pastor, Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	With Christmas coming up, why not give someone a membership to the show?
0:04.0	They'll get exclusive access to bonus episodes every week, add free listening, and early access to our live show tickets too.
0:12.0	Just head to the rest of politics, US.com, and click on gifts.
0:16.0	This episode is brought to you by Revoluted Business, the all-in-one business account to manage your finances.
0:23.2	You know, global business once meant slow business, bureaucratic work, payments lost in transit and transfers, and took days instead of seconds.
0:33.0	Revolute Business makes that a relic of the past.
0:35.5	Send and receive payments in over 30 currencies to more than
0:38.7	150 destinations during market hours within plan allowance, all at the same interbank rates
0:45.1	that banks use without any of the middlemen or the guesswork. So whether you're paying a team in
0:50.0	Dublin or an invoice in Sydney, your money moves fast and lands clean.
0:55.1	With automatic orders and price alerts, your money keeps perfect timing moving when the
1:00.1	rate's right.
1:00.8	Exchange like an expert, open a revoluted business account today by scanning the QR code
1:06.3	on screen or using this link in this episode's description.
1:10.4	Add money by the 31st of December 2025 to get a 200 pound welcome bonus or the equivalent
1:17.7	in your local currency.
1:19.8	Feature availability varies by plan, offer available for new business customers in the UK,
1:26.5	US, Australia and Ireland.
1:29.3	Fees and terms and conditions apply.
1:38.9	Welcome to the rest is politics.
1:40.8	This is a little bit of a special episode for Katty and I about the global trading system and its implications related to populism. So I'm Anthony Scaramucci. I am Katty K. And this is something that you and I have been speaking about, Anthony, for a while. And we've both had conversations. You've dug into the history of this. And what we really want to do
2:01.5	today is look at some of the history of the trading system and then look at the mistakes that were made
	...

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