Craig Dalzell talks to Prof. Richard Murphy, accountant and tax expert, about the multiple economic crises crashing into the UK at the moment. They discuss the impact of the release from Covid lockdowns, the inflation spike this caused and which was then exacerbated first by the war in Ukraine and then by corporate profiteering and then they talk about the energy crisis and what will happen if millions of people start defaulting on their energy bills.
Listen HERE Countries of the Global South usually are tied to debt in a foreign currency for a number of reasons, including balance of payment constraints and the capture of export income by transnational corporations. […]
On democratic planning. Leigh Phillips and Michal Rozworski propose we look at Walmart and other giant corporations as sites of planning, not of markets — and that this fact proves planning works. Rather than rely […]
His answer to Great depression was that we should spend our way out. But now we have rampant inflation because people are spending too much. What would Keynes do now if he was presented with […]
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