Funding the Future

Richard Murphy and occasional friends talking about everything you need to know to understand the economy, tax, finance and how we fund our future.

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Episodes

Are they all the same?

Thursday Oct 02, 2025

Thursday Oct 02, 2025

Are all our major political parties now the same? Labour, Conservatives, the Lib Dems, and even Reform  are united by one ideology: neoliberalism. Fiscal rules, austerity, and the “household analogy” bind them together into what I call the Single Transferable Party.
This is why public services are always cut, inequality deepens, and investment is suppressed—no matter who wins an election.
In this video, I explain why UK democracy has been hollowed out, why real choice has disappeared, and what alternatives—like proportional representation and ending fiscal rules—we must fight for if we want genuine change.

Tax changes everything

Wednesday Oct 01, 2025

Wednesday Oct 01, 2025

Prof Andrew Baker of the University of Sheffield and I have been working on tax transparency and how to create it as the foundation for a better society for a long time. In this video, we share our visions and plans. 

Tuesday Sep 30, 2025

Our economy isn’t working.
It’s built on lies: the myth of growth, the myth that profit comes before people, and the myth that wealth is more important than fairness.
If we want a sustainable society, we need a new moral code for the economy.
In this video, I set out ten commandments for a just economy - principles that put people before profit, justice before greed, and sustainability before growth.
These commandments demand:
People before profit
Fair rewards for work
Inclusion, not exclusion
Respect for the earth
Finance that serves life
Fair taxation
Transparency and accountability
Measuring what really matters
This is a manifesto for a fair and sustainable economy. One we could all be proud to live in.

Monday Sep 29, 2025

Keir Starmer has reopened the debate on national identity cards. Supporters say they could make public services, voting, and security simpler. Critics warn of surveillance, discrimination, and exclusion. Are ID cards about freedom—or about state control? I unpack the history, the arguments, and what it means for our rights today.

Sunday Sep 28, 2025

Free speech is the foundation of democracy. Without the right to disagree, there is no freedom at all. Yet in the USA, Trump threatens dissenters, comedians are suspended, and protesters are labelled extremists. In the UK, Palestine Action supporters face trial for holding placards. This is the authoritarian playbook. And we must resist it.

Saturday Sep 27, 2025

Andy Burnham says it’s time for the UK to stop being in hock to the bond markets. The City is in uproar, but who really calls the shots in Britain—the government we elect, or unelected financiers? In this video, I unpack Burnham’s challenge, the myths about debt and borrowing, and why democracy—not markets—must decide our future.

Friday Sep 26, 2025

We’re told that government debt is spiralling out of control. Commentators scream “fiscal crisis!” and “record borrowing!” But the truth is very different. High government debt is not a sign of collapse—it’s a sign of trust. People and institutions are desperate for the safety that only the government can provide. Debt is not a danger—it’s a deposit facility. Let’s cut through the panic and face the facts.

Markets on the brink?

Thursday Sep 25, 2025

Thursday Sep 25, 2025

Financial markets are at record highs. Politicians, economists, and financiers tell us everything is fine. But it isn’t. In this video, I explain eight major risks to markets that are being ignored:
Banking collapse
Deregulation
Authoritarianism
Artificial intelligence
Climate change
Demographic change
Geopolitical fragmentation
Rising inequality
These threats are obvious, exist in plain sight, and yet are wilfully ignored. If we don’t act, collapse is inevitable.

The myths of money

Wednesday Sep 24, 2025

Wednesday Sep 24, 2025

Loanable funds? The money multiplier? Steve Keen and Richard Murphy dismantle the myths. Double-entry accounting shows what really happens when banks create money and governments run deficits. If economics taught reality instead of dogma, austerity would be unthinkable.

The finance curse

Tuesday Sep 23, 2025

Tuesday Sep 23, 2025

The UK suffers from a finance curse. Far from being our economic jewel, the City of London has drained trillions from the economy. That’s lost jobs, lost investment, and a weaker democracy. In this video, I explain why finance is making Britain poorer — and what must change.

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