Madmen, Markets, And Power

Old ideas never really vanish; they take new shapes, get new champions, and quietly steer the rules we live by. We open the vault on Keynes, mercantilism, and the intellectual currents that still drive modern trade, monetary policy, and the supply chains that bind our lives together. Along the way, we revisit the Irish famine and the Scottish clearances as stark reminders of what happens when conviction outruns care, and why today’s policy theater can still shift costs onto those with the least buffer.From stimulus checks and green infrastructure to forward guidance and “animal spirits,” we break down how Keynesian tools stabilize demand—and how distortions turn them into engines of asset inflation and soft inequality. Then we zoom into the resurgence of neomercantilism: export-led playbooks, strategic subsidies, tariff walls, and the new gold of our age—chips, patents, and data. Tech sovereignty sounds like prudence, but it can harden into cronyism and compliance sprawl, especially when paired with nostalgic myths of national greatness.For operators and strategists, the stakes are concrete. Demand swings reshape retail, autos, and construction. Rates force hard pivots from expansion to cash discipline. Supply chains regionalize, nearshoring accelerates, and critical inputs like semiconductors and batteries become leverage points. We offer a pragmatic framework: intellectual vigilance to avoid ideological capture, systems mapping to see interdependencies, coalition building to amplify signal, narrative ownership to earn trust, and scenario planning to move before policy whiplash hits.If you want an edge in a world ruled by ideas, not just headlines, this conversation gives you the map and the mileage. Follow and subscribe for more clear-eyed takes on policy, power, and the real-world logistics behind them—and share your biggest insight or question so we can dig deeper next time.Send us Fan MailSupport the show THANKS FOR LISTENING PLEASE SUPPORT THE SHOW You can support the podcast by following the link here. It makes a big difference and helps us make great content for you to listen to. Follow like and share the Chain Reaction Podcast with colleagues and friends on social media: Facebook, Twitter, LinkedIn.News about forthcoming programmes click hereSHAREPlease share the link with others so they can listen too https://chainreaction.buzzsprout.com/shareLET US KNOWIf you have any comments, suggestions or questions then just direct message on Linkedin or X (Twitter)REVIEW AND RATE If you like the show please rate and review it. Every vote helps.About Tony Hines and the Chain Reaction Podcast – All About Supply Chain AdvantageI have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon. ...