Million Bazillion

Bridget and Ryan are having their lunch break at a Chinese restaurant when they run into “Million Bazillion” listener Daphne with a big question: What’s the difference between capitalism, socialism, and communism? Turns out, each system was born out of people’s attempts to build a better society, but they have very different ideas about the role the government should play in our money lives. As the duo work their way through these "isms," they explore the problems that each system tries to solve and the tradeoffs that come with it.

Today, we’re resharing an episode from our archive that feels especially relevant as the World Cup men’s soccer tournament kicks off next week! “Million Bazillion” listener Alistair wants to know how professional athletes get paid. It’s perfect timing for the question as Bridget and Ryan prepare for the semi-annual Public Radio Foosball Tournament. They scramble to assemble their dream team on a limited budget, while learning the reasons why big teams pay big bucks to the players who bring in big wins.

We’ve talked a lot about how money works and why countries have their own currencies here on “Million Bazillion.” But listener Alessio wants to know: Why DOESN’T the whole world use the same money? And could the world’s nations all decide to just use one shared currency? In this bonus mini-episode, we’ll get some answers!

“Million Bazillion” listener Cora wants to know: How does a company buy another company? But before Bridget and Ryan can answer, Borpo, host of “Learning with Borpo” and CEO of a giant educational media empire, shows up with an offer to buy “Million Bazillion!” As the duo tries to figure out whether it’s a good deal or not, they’ll learn that buying (or selling) a company is more than just money on the table. It also involves intense negotiations, government regulations, and could change things for workers and customers.

In this episode, Bridget and Ryan travel through the history of money in front of a live audience of kids and families (for real!) to answer Sofia’s big question: What is the gold standard? Together, they explore this old money rule, how paper money became a thing, and why no countries in the world – not a single one – use gold to back their money anymore.

This episode was performed as part of WBUR’s Podcast Playdate festival for kids in Boston. It was one of the most fun experiences we’ve ever had on the show. We loved seeing so many of you in the audience, hearing your reactions in real time and getting to meet you in person.

Thank you to everyone who came out. We can’t wait to go back next year!

If your family is interested in learning even more about today’s question, check out our website. We’ve got conversation starters and a tip sheet!

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