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Ones and Tooze

Is Evergrande the New Lehman Brothers?


Ones and Tooze Override Photo

On Foreign Policy’s new economics podcast, columnist Adam Tooze discusses two data points that explain the world.

How did the Chinese real estate giant Evergrande become so laden with debt?

That question looms large these days, not only in China but also in other countries where markets have been affected by fears of Evergrande’s potential bankruptcy—including the United States.

On this week’s episode of Ones and Tooze, Cameron Abadi and Adam Tooze trace the history of Evergrande’s $300 billion debt problem and discuss the possible outcomes.

Tooze also explains why most wealthy countries around the world have bullet trains while the United States has… Amtrak.

Ones and Tooze is Foreign Policy’s weekly economics show. On each episode, Abadi and Tooze examine two data points that explain the world.

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About Ones and Tooze:  Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On our new podcast, Tooze and FP deputy editor Cameron Abadi will look at two data points each week that explain the world: one drawn from the week’s headlines and the other from just about anywhere else Tooze takes us. Check out Adam Tooze’s column here.  See All Episodes


More Ones and Tooze episodes:

The Economics Revolution and the Nobel Prize

On FP’s economics podcast, Cameron Abadi and Adam Tooze talk about what three economists did to win the big prize.

Scandal at the IMF and World Bank

On FP’s new economics podcast, columnist Adam Tooze shares what’s behind the China ranking scandal at the World Bank.

Is Olaf Scholz the German Joe Biden?

On Foreign Policy’s new economics podcast, columnist Adam Tooze discusses two data points that explain the world.

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To learn more about creating a podcast with FP Studios, contact Andrew Sollinger at