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Could another financial crash be looming—and would we even see it coming? On GZERO World, Ian Bremmer sits down with New York Times journalist and CNBC anchor Andrew Ross Sorkin to explore lessons from the Great Depression and the risks hiding in today’s economy. Sorkin’s new book, 1929: The Story of the Greatest Crash in American History, chronicles not just the initial collapse of the stock market, but the string of policy failures that followed—turning a crash into a crisis that scarred a generation.
“We're not going to have another 1929,” Sorkin says, “but I think it's very possible. Actually, I would argue it's almost impossible for us not to have another 1999.” He sees eerie parallels between the past and the present: massive speculative investments, surging inequality, and a public increasingly disconnected from financial realities. But one thing stands out today: silence. Sorkin warns that many CEOs and financial leaders, despite recognizing the risks, are unwilling to speak out publicly. “If we ever get to a moment where we need to make very difficult decisions,” he says, “are there going to be leaders willing to stand up and explain what needs to happen?”
From invisible debt in private credit markets to the unsustainable business models of leading AI firms, Sorkin and Bremmer explore whether we're ignoring the warning signs once again—and what it would take to avert the next big crash.
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube.Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
From 17th-century Dutch tulip mania to the dot-com crash of the early 2000s, financial bubbles have a way of inflating around revolutionary ideas… until confidence collapses. “The internet was real,” Bremmer says. “It was just wildly overvalued.” Could AI be next?
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
“They are the world’s best salespeople,” Hurewitz told GZERO. Spies master the hardest pitch imaginable: convincing someone to commit treason. And the skills they use—empathy, curiosity, and what he calls “the art of elicitation”—are just as valuable in boardrooms and negotiating tables today.
However, those abilities are also experiencing a societal recession as political polarization grows, and screens and devices threaten to erode the “soft skills” spies, and the rest of us, can use to get what we want.
Watch Hurewitz’s interview with GZERO’s Tony Maciulis for more on what world leaders can learn from spies, what he thinks of President Donald Trump's skills as a salesman, and how artificial intelligence is impacting the traditional world of espionage.
He notes that a handful of Democrats joined Republicans to reopen the government, prompting “immediate criticism from every corner of the Democratic Party,” despite recent electoral momentum. As Ian puts it, Democrats “just lack coordination as a party,” even when they’re winning.
While the shutdown may be ending, Ian cautions that political vulnerability persists on both sides, especially as affordability becomes a key concern for voters.
The US and China are often cast as opposites: East vs. West, democratic vs. authoritarian, market-led vs. centrally-planned. But according to Dan Wang, author of the new book “Breakneck: China’s Quest to Engineer the Future,” the two countries are more alike than you might realize. Wang joins Ian Bremmer on GZERO World to talk about the US, China, and their competing visions for the future. Despite their political and cultural differences, the two superpowers share a restless drive to build, innovate, and hustle—a hunger for the “technological sublime” that pushes both countries toward big projects and ambitions.
But there’s also a more complicated side to that ambition. In China, entrepreneurs are caught between opportunity and uncertainty, never sure when the Communist Party and Xi Jinping’s “smothering love” might smash one of their businesses or punish their success. In the US, tech leaders have more freedom to pursue their goals but still need to cozy up to power in their own ways, courting the Trump administration for favorable policies and legislation. Ultimately, two very different systems have led to strikingly similar ambitions (and anxieties) when it comes to innovation and the race to build the future.
“There is a sense in which these are two great powers,” Wang says, “And that the US and China are the countries that are going to be changing the world.”GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
In this Quick Take, Ian Bremmer breaks down the changing dynamics of the Russia-Ukraine war, where Europe is taking the lead in military support while the US adjusts its approach.
“This has gone from a war that the United States was providing most of the direct support to Ukraine to one where the Europeans are clearly taking the leadership role, and this is much more of an existential issue for them,” says Ian.
Meanwhile, the US has eased targeting restrictions, expanded intelligence sharing, and placed new oil sanctions on Russia’s two largest oil companies adding pressure even if it won’t shift the battlefield immediately.
But peace remains distant. Ukraine has signaled willingness for a ceasefire; Russia has not. “They’re demanding more territory and Ukrainian disarmament,” Ian warns. He says to expect incremental Russian gains, rising casualties, and the ongoing risk of the conflict spilling into NATO countries.