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

The unaffordability of Trump

Saturday Nov 08, 2025

Saturday Nov 08, 2025

Donald Trump’s Great Gatsby–style party at Mar-a-Lago reveals everything about modern America — excess at the top, hunger at the bottom, and the deliberate cruelty of power without care. As millions faced cuts to essential payments, Trump partied. This is what happens when power forgets compassion.

Friday Nov 07, 2025

The government says there’s a “black hole” in the public finances — but the black hole is really in our hospitals, schools, and local councils, not the Treasury. The UK can never run out of money. What we’ve run out of is political courage.
Austerity was not fiscal responsibility. It was economic vandalism.
Britain is not broke. It’s been broken by design.
Watch to see how we can fill that hole with truth, courage, and care.

Nationalism: good or bad?

Thursday Nov 06, 2025

Thursday Nov 06, 2025

Nationalism can be a politics of care — about belonging, culture, and democracy — or a politics of control, built on fear and exclusion.
In this video, I explore how nationalism can empower the powerless, but also how it can curdle into prejudice.
I suggest that identifying the two is easy: good nationalism expands empathy, whilst toxic nationalism shrinks it.
So, what do you think? Is nationalism good or bad?

Why the rich always win

Wednesday Nov 05, 2025

Wednesday Nov 05, 2025

Thomas Piketty called it the most important formula in economics: it's R > G , which means that the rate of return on capital (R) is greater than the rate of growth in the economy (G).
That simple equation explains why the wealthy always get richer, why inequality keeps growing, and why governments pretend it’s inevitable when it isn’t.
In this video, I unpack how political choices and not economic laws have made wealth compound and wages stagnate, and what we can do to reverse it.

Rachel Reeves is panicking

Tuesday Nov 04, 2025

Tuesday Nov 04, 2025

Rachel Reeves stood at a Downing Street podium this morning and panicked. Three weeks before her budget, she admitted what many already feared, that she's going to deliver austerity for most, and comfort for the City.
In this video, I explain why her panic matters, why she misunderstands how money works, and how she could take control of the economy instead of surrendering it to the markets.
Watch to understand what’s really happening behind the scenes and why this could be the most dangerous Labour budget in a generation.

Tuesday Nov 04, 2025

What if we designed society before we knew who we’d be in it? Philosopher John Rawls asked that question in A Theory of Justice, and his answer was revolutionary. Fairness, he said, means building institutions that protect everyone, not just the powerful.
In this video, I explore how Rawls’ veil of ignorance could reshape politics, taxation, and economics today, and why justice must be built into policy rather than be added as charity.
What would you change if you didn’t know where you’d stand?

Can the UK survive?

Monday Nov 03, 2025

Monday Nov 03, 2025

Is the breakup of Britain inevitable?
Scotland, Wales and Northern Ireland are turning away from Westminster while England clings to a failing system of centralised power. In this video, I ask whether the UK can survive much longer in its current form, and whether its collapse might be the chance to start again.
Could four sovereign democracies emerge from the ruins of a tired union?

Sunday Nov 02, 2025

Global stock markets are at record highs. Everyone knows it’s a bubble, but no one wants to leave the dance. In this video, I explain why AI hype, leveraged finance and shadow banking have created the biggest financial bubble since 2008 and why its collapse could wipe £1 trillion off UK stock markets.
More importantly, I set out how we can rebuild finance to serve society, not the other way round.

Is royalty over?

Saturday Nov 01, 2025

Saturday Nov 01, 2025

At the age of 65, Andrew Mountbatten-Windsor has lost it all - every royal title, and every symbol of inherited privilege. Two weeks ago, we were told that this was impossible. But it’s happened, and the myth that some are born superior has fallen apart.
This video explores what that means for Britain. Because when a prince can become a commoner, the hierarchy that defines our whole society begins to crumble. The monarchy’s claim to natural privilege has always been the cultural face of economic inequality and the idea that wealth, status, and deference are deserved.
Now, that illusion is gone. What happens when the royal mystique collapses? What does that mean for justice, equality, and a new politics of care?
And watch to the end for a discussion of philosopher John Rawls’ “difference principle” — and why true justice begins when we stop pretending anyone is born superior.
 

The growth delusion

Friday Oct 31, 2025

Friday Oct 31, 2025


Martin Wolf says only economic growth can save democracy. Yet his economics serves only the wealthy.
When workers are sacrificed, rents soar, and insecurity spreads, as he demands so that growth might grow, come what may, then democracy is weakened — and fascism thrives.
It’s time to build instead an economics of care: secure jobs, strong public services, and ecological balance.

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