Funding the Future

GDP is C.R.Ap

GDP is not national income. It’s not well-being. And it’s not the future. Richard Murphy explains why this outdated measure is holding back better policy — and what could replace it.

Everything Must Change

After a year of challenging the political status quo, it’s time for something new. In this video, I explain how this channel is evolving — more content, more community, and new ways to get involved. Let us know what you think.

The Cryoto Lie

Crypto is not money. It’s not secure. It’s not stable. It’s just speculation wrapped in dogma — and a huge risk to society.
 

The mixed economy is vital

The mixed economy isn’t flashy, but it works. In a world of market failure, it’s time to rebuild the balance between state and private enterprise.

Economics is rubbish

Economics, as it is now taught, is almost total rubbish. No wonder the world is in a mess when political decisions are based on this nonsense.
 

How do we decide?

Economists assume that we don't need to make decisions, because since we are possessed of perfect knowledge, knowing what to do is innate to us. But that's nonsense. So, how do we decide what to do?

Do tax havens still matter?

Tax havens - or secrecy jurisdictions - are an abomination on the global economic landscape that should have been consigned to history long ago. 

You've got no money in the bank

People still like to talk about having 'money in the bank'. But they haven't. They just have a bank statement from a bank, with a balance owing to them, which represents an IOU, and nothing more. That might be the hardest lesson in economics to learn. 

Is all economic growth good?

The assumption that all economic growth is good is clearly misplaced. But how do we convince politicians and economists who are obsessed with growth that this is the case?

It's austerity from Reeves