Today's episode examines the structural shift from software-driven scaling to a capital-intensive regime defined by orbital infrastructure, energy geography, and hardware dominance. We analyze the massive valuation discrepancies in the space sector, the rising maritime volatility in the Middle East, and the growing systemic risk as digital ambition collides with the realities of physical resource scarcity.

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0:00 - Introduction
0:45 - The Silicon Super-Cycle: AI, Space, and the New Industrialism
7:07 - The Great Reordering: Regionalism and the Decline of Hegemony
12:29 - Monetary Shifts and the New Fed Playbook
16:58 - Flashpoints and Firefights: The Middle East Escalation
21:00 - Oligarchy and the Broken Social Contract
23:15 - Conclusion

Referenced sources:
Hormuz Open or Closed 10K Heat Wave Deaths, Europe Diplomacy In-Tray (Bloomberg Daybreak: Europe Edition)
US & Iran Intensify Strikes, 10K Heat Wave Deaths, Europe Diplomacy In-Tray (Bloomberg Daybreak: Europe Edition)
Hormuz Open or Closed, 10K Heat Wave Deaths, EU's Diplomacy In-Tray (Bloomberg Daybreak: Europe Edition)
Economic Growth, Governance, and Capital Allocation - Dambisa Moyo (EP.410) (Capital Allocators – Inside the Institutional Investment Industry)
Chartbook 458 Postscript - A conversation with Barnaby Raine about politics, economics, continuities of violence and hyper-agency. (Chartbook)
Chartbook 458 Poscript - A conversation with Barnaby Raine about politics, economics, continuities of violence and hyper-agency. (Chartbook)
Fourth time unlucky (Geopolitical Dispatch)
Stephan Luck on What History can Teach Us about Financial Stability (Macro Musings with David Beckworth)
The Fed Communications Debate Bernanke Versus Warsh (Notes on the Week Ahead)
Oligarchy in Action The Case of Corporate Tax Cuts (Paul Krugman)
AI in an Age of Oligarchy (Paul Krugman)
Wall Street Is Pumping SpaceX - So Why Is It Falling (Prof G Markets)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.