{"podcast":{"title":"The David McWilliams Podcast","slug":"the-david-mcwilliams-podcast-512453","podcast_index_feed_id":512453,"rss_url":"https://feeds.acast.com/public/shows/20b97d01-ba9b-5fb0-9acf-161391a88cb0","website_url":"http://www.davidmcwilliams.ie/","image_url":"https://assets.pippa.io/shows/61b9fedc1a8cbefa383cf076/show-cover.jpg","author":"David McWilliams","episode_count":678,"summary":"The aim of this weekly podcast is to make economics easy, uncomplicated and accessible. With the world at a political, technological and financial tipping point, economics has never been so important to all of us and yet, it’s made inaccessible and complicated by so many. I’ve always thought what is complicated is rarely important and what is important is rarely complicated. That will be our motto. Every week we are going to tease out some big economic or political issue facing us, not just here in Ireland but in Europe and further afield. Globalisation has brought us all together. We all face similar challenges whether you live in Dublin, London, Minnesota or Milan. If you would like to enjoy all of our content ad-free and have early access to episodes, subscribe to DMCW+ on Apple Podcast. Want to join our crew? Join at davidmcwilliams.ie/crew , where you can enjoy ad-free listening, as well as exclusive bonus content such as premium episodes, our macroeconomics course, early access to episodes and pre-sale access to tickets for Dalkey Book Festival & Kilkenomics. Hosted on Acast. See acast.com/privacy for more information.","last_synced_at":"2026-07-06T18:19:51.080822+00:00","page_url":"https://stenobird.com/podcast/the-david-mcwilliams-podcast-512453"},"episode":{"title":"The Failure Premium: Where is the Money Going?","slug":"the-failure-premium-where-is-the-money-going","published_at":"2026-05-05T03:00:00+00:00","page_url":"https://stenobird.com/podcast/the-david-mcwilliams-podcast-512453/the-failure-premium-where-is-the-money-going","show_page_url":"https://stenobird.com/podcast/the-david-mcwilliams-podcast-512453","url":"https://shows.acast.com/the-david-mcwilliams-podcast/episodes/the-failure-premium-where-is-the-money-going","audio_url":"https://sphinx.acast.com/p/acast/s/the-david-mcwilliams-podcast/e/69f822478dd960ac61c4f21f/media.mp3","summary":"This week, Sinead O'Sullivan is back, and she's got an answer that official Ireland really doesn't want to hear. We dig into the \"failure premium\", the staggering cost of a state that knows how to hand out subsidies but has forgotten how to coordinate, build, or own anything. We follow the money: why HAP quietly inflates the rent into the landlord's pocket, why housing a refugee costs €99 a night here and €13 in the Netherlands, and why we're paying premium prices for second-rate outcomes across housing, health, and infrastructure. We look at how a country adapts to dysfunction, sheds in back gardens, hollowed-out city centres, kids emigrating, until we stop noticing it's not normal. What happens when the multinational money slows down and we're left holding the infrastructure deficit we never fixed? Hosted on Acast. See acast.com/privacy for more information.","meta_description":"This week, Sinead O'Sullivan is back, and she's got an answer that official Ireland really doesn't want to hear. We dig into the \"failure premium\", the st…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2530,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-david-mcwilliams-podcast-512453/episodes/the-failure-premium-where-is-the-money-going/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-david-mcwilliams-podcast-512453/the-failure-premium-where-is-the-money-going.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}