Why Trump Is About to Come for Ireland

The David McWilliams Podcast

David McWilliams

News & Politics

4.5 • 692 Ratings

🗓️ 2 June 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Made in Kinsale, sold in America, the Ozempic boom is making Ireland rich and dangerously exposed. We unpack how three companies now pay nearly half our corporate tax, and what happens when Trump finally notices.

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Transcript

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0:00.0	This episode of the podcast is brought to you by Cantafetzgerald, Ireland, proud sponsors of my own
0:06.5	festival, a Dauke Book Festival, which is on the 18th and 21st of June. Now, in Dauke, you're going to
0:12.7	expect four days of ideas, of literature, of politics, of economics, comedy and culture, with over
0:19.5	100 writers, including Salman Rushdie, Tim Berners-Lee,
0:22.9	the man who founded the internet, and of course Booker Prize winner Anne Endwright. Join us this
0:28.4	summer in Docky. Thanks again to Cantfordstjeril, Ireland, helping people plan with clarity,
0:33.6	invest with confidence and build loss and wealth. Find out more at canterfordsgerald.I.E.
0:39.2	Kentiffensgerald Ireland Limited is regulated by the Central Bank of Ireland.
0:43.4	Today's podcast is all about the economics of Ozenpec or Mongero.
0:48.2	It's going to be talking about Eli Lilly's results.
0:52.2	Eli Lilly pays twice as much tax in Ireland as it does in America,
0:56.0	which is an awful thing for us to admit. And we're going to talk about the economics of the drugs
1:01.0	themselves, plus the fragility of an economy, which is over-dependent on one source of corporate
1:08.0	finance and corporate taxation, which is a description of Ireland at the
1:12.8	moment and our extraordinary overdependence on American multinationals.
1:18.2	That's all coming up in a couple of minutes.
1:22.0	To understand the economy, you have to understand human nature.
1:28.4	This podcast is powered by ACAST.
1:33.9	How are you doing there? It is time for the podcast. Today's podcast. It's all going to be
1:39.1	about skinny people. It's not us.
1:42.7	It's not us. But if you're very skinny and you're out there, this is all about you.
1:46.9	It's all for you.
	...

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