Today's show is the story of two men and one big idea.
The big idea is that a poor country should take a small, empty part of its territory and say: We're going to build a new city here. And in this new city, we're going to get rid of our existing laws and rules, and bring in the best laws we can find from around the world. Get help from foreign countries. Maybe the UK could serve as a court of appeals. Maybe Canada could send in a few Mounties to help set up a police force.
Why do businesses selling the same thing crowd around each other rather than strike out on their own?
To answer that question, Adam Davidson and Chana Joffe-Walt walk through some New York City neighborhoods – the diamond district, the plant district, the chess district — where store after store sells the exact same thing.
A monster storm flooded parts of the biggest city in America this week. Millions of people are still without power.
But in the long run — even in the medium run — New York (and New Jersey!) will recover. And for the U.S. economy as a whole, this disaster will barely be a blip.
This is largely because there are countless backup plans hiding everywhere in our economy. On today's show, a flooded grocery store reveals safety nets that are usually hidden but, at moments like these, are suddenly made visible.