The Death of the American Dream

SpaceX just IPO'd, surged, and torched billions of small investors. It's the new American economy. From prediction markets to crypto to day-trading teens, we look at how the US quietly turned itself into the world's biggest casino, and why young Americans are gambling because they've given up on working. Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

SpaceX just IPO'd, surged, and torched billions of small investors. It's the new American economy. From prediction markets to crypto to day-trading teens, we look at how the US quietly turned itself into the world's biggest casino, and why young Americans are gambling because they've given up on working. Hosted on Acast. See acast.com/privacy for more information.

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How long is this episode of The David McWilliams Podcast?

This episode is 32 minutes long.

When was this The David McWilliams Podcast episode published?

This episode was published on July 2, 2026.

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