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

Can the Greens deliver?

Sunday Feb 08, 2026

Sunday Feb 08, 2026

Mass membership growth means something real is happening in the Green Party in England and Wales. People - who I call the watermelons, as they're red inside and green outside - are choosing commitment to that party over despair. But, critically, movements can outrun institutions.
In this video, I set out the opportunity facing the Greens, the risks they must avoid, and the hard truth that values alone are not enough. If plausible, deliverable, policy does not follow, and fast, the consequences will be severe.

Saturday Feb 07, 2026

Bitcoin has halved in value since October, and this is not a routine market correction. It is a crash.
In this video, I explain why crypto has no underlying value, why the collapse still has further to go, and why banks that lent money so people could speculate on Bitcoin are now exposed.
I also look at the growing fragility in stock markets and tech valuations, including AI, and explain why this could become a systemic crisis that makes 2008 look mild by comparison.
Trump promised that crypto and markets would make his supporters rich. If those bubbles burst, the political consequences could be just as severe as the financial ones.
This is not speculation. The evidence is now visible in the markets.

Keir Starmer is finished

Friday Feb 06, 2026

Friday Feb 06, 2026

Keir Starmer’s authority collapsed in the House of Commons this week, and it will not recover. This video explains why his judgment failed, why sacking aides will not save him, and why Labour is now a hollowed-out party with no credible future leadership.
But this crisis goes much further than Starmer. It exposes systemic failure in Labour, growing paralysis in government, and deeper institutional rot that threatens the Union and the monarchy itself.
This is not a scandal. It is an executive collapse in slow motion.

Why you need a pay rise

Thursday Feb 05, 2026

Thursday Feb 05, 2026

If people do not have spending power, businesses will not invest, innovate, or hire. It really is that simple.
This video breaks down the real sequencing of growth and explains why politicians have got everything wrong. Pay rises aren't the reward for growth; they are the precondition for it, because people without money to spend cannot ever drive the growth politicians crave. 

What if Trump stops the vote?

Wednesday Feb 04, 2026

Wednesday Feb 04, 2026

What if a US president simply refuses to allow an election to take place?
This video is not a conspiracy theory. It is a risk analysis based on polling data, Trump’s own record, and the legal powers he has already claimed. I examine what could happen if the 2026 US midterms are cancelled or ignored, how states might respond, the risk of constitutional rupture, and why this matters not just for America, but for the UK and Europe as well. Democracy only survives if it is defended.
 

Is GDP a useless measure?

Tuesday Feb 03, 2026

Tuesday Feb 03, 2026

GDP dominates political debate, but it tells us almost nothing about real prosperity, well-being, or care. 
Created as a technical statistic of massive use in wartime, GDP was never meant to measure success and yet it now drives policy, justifies inequality, and is used as an excuse for austerity.
 
In this video, I explain why GDP is conceptually flawed, how it rewards harm and ignores distribution, and why we urgently need economic measures that value care, prevention, and human flourishing instead of economic churn of no value at all.

Monday Feb 02, 2026

This video argues that we are facing a stark economic and political choice: fascism or care.
Fascism is not history. It is happening now. It has a distinct economic logic built on extreme neoliberalism:
Market worship
Punishment instead of protection
Austerity
Fear, and
The use of the state to enforce cruelty while insulating wealth.
The economics of care offers a different framework entirely. It puts human needs first, makes security and freedom from fear a public duty, and insists that markets must serve people rather than control them. Care is not sentimental. It is economic realism, social resilience, and democracy’s defence.
This is not an abstract debate. The structures we build now will decide whether we live in a society organised around fear or one organised around care.
That is the choice. And there is no neutral ground.

Politics has run out of road

Sunday Feb 01, 2026

Sunday Feb 01, 2026

Neoliberal politics promised growth, efficiency, and renewal. What it has delivered is inequality, insecurity, and democratic exhaustion. The right has failed.
But, as this video explains, much of the left has no alternative to offer. Labour’s fiscal rules, growth-first economics, and treatment of public services as costs are not left-wing ideas – they are neoliberalism with a softer tone.
No wonder most people are alienated from the whole political process: it has run out of road.
Without care at the centre of economic thinking, markets fragment society, trust collapses, and democracy weakens. Better management is not enough. We need care as a new organising principle.

Is Farage a fascist strongman?

Saturday Jan 31, 2026

Saturday Jan 31, 2026


Is Nigel Farage the strongman who could deliver fascism to the UK? Or is that the wrong way to understand the danger he represents?
In this video, I examine what fascism actually requires: ideology, discipline, institutions, and the willingness to rule. By those standards, Farage fails the test.
But that does not make him harmless. Farage’s role is not to govern, but to corrode democracy, normalise cruelty, and weaken trust in institutions. Fascism often arrives after the wreckers, like him, have done their work.
This is a video about why getting this distinction right matters, and why Farage remains a serious threat even without the qualities of a fascist leader.

Is your pension safe?

Friday Jan 30, 2026

Friday Jan 30, 2026

People assume pensions are “saved money” — a pot with their name on it, safely invested for the future. They aren’t.
In this video, I explain how UK pensions actually work, why defined contribution pensions are inherently risky, and why most pension money fuels speculation rather than real investment.
I look at the state pension, defined benefit schemes, and defined contribution pensions and explain who really benefits from the current system, why it is unjust, and why reform is now unavoidable.
This is not pension advice. It is a political economy explanation of why pension insecurity is being built into the system by design.

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