Weekly Economics Podcast

During the presidential campaign, the Democratic Party warned that American democracy was under attack from Trump. Since the start of Trump two-point-0, his administration has deported pro-Palestine student protestors. He has barred Oval Office access to journalists who have used the phrase “Gulf of Mexico” rather than “Gulf of America”. And he has called for a judge blocking his orders to be impeached. With such anti-democratic forces ensconced in the White House, have US progressives failed? Have the far-right thrived because they are simply better at organising? And how can Americans come together to prevent the stripping away of their most basic rights? Hannah Peaker is joined by Marshall Ganz, legendary organiser, lecturer at the Harvard Kennedy School, and author of People, Power, Change: Organising for Democracy Renewal. Links: The Leading Change Network: https://leadingchangenetwork.org/ ....... Music: Canyon by A.A. Aalto, used under Creative Commons licence: creativecommons.org/licenses/by-nc/4

We are living in a time of contradictions. For the last forty years, our politics and media have been dominated by neoliberal, right-wing voices - yet pundits insist that the UK is dominated by a woke, left-wing elite. Our politicians claim to champion the voices of the forgotten working class - yet working-class people are not seeing better wages, housing or healthcare. And the majority of people in this country are being screwed by the economic system - yet for some reason we seem unable to secure a better future for ourselves. So where did it all go wrong? Are we really ruled over by a censorious woke mob? Or is it all a convenient story, to distract us from the real villains? Ayeisha Thomas-Smith is joined by Ash Sarkar, journalist and author of Minority Rule: Adventures in the Culture War. Music by A.A Aalto (available: freemusicarchive.org), used under Creative Commons licence: creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is b

Half a year ago, the Labour Party swept into power with a huge parliamentary majority and Kier Starmer celebrated by saying that the country could “get its future back”.  Today, Labour are dogged by low approval ratings, having upset everyone from environmentalists to pensioners, farmers to small-business owners.  And just last week Reform overtook both the Conservatives and Labour in a poll of voting intentions - suggesting the public are already looking for an alternative. So, why has the public seemingly turned on the Labour Party? Should they be threatened by the rise of Reform? And how can the progressive movement push this government to create the world we want?  Ayeisha Thomas-Smith is joined by Grace Blakeley, economics commentator and author of Vulture Capitalism: Corporate Crimes, Backdoor Bailouts and the Death of Freedom, and David Edgerton, historian and author of The Rise and Fall of the British Nation: a Twentieth Century History. Music by A.A Aalto (available: https://freemusicarchive.org

The price of your food shop rocketed because of inflation and now your mortgage is going up hundreds of pounds because the Bank of England decided to increase interest rates. You might be struggling to make ends meet and wondering why our central bank has made your life more difficult. Across the pond Donald Trump is putting pressure on the American central bank to lower its interest rates, saying he knows more about it than Federal Reserve policymakers. It might seem a tempting proposal to the average American who feels that their central bank has not provided them with the stability it is supposed to. So what is the role of central banks in all of this? Are they under threat from right-wing populism? And what are the progressive alternatives to dealing with inflation? This week Ayeisha Thomas-Smith is joined by Dominic Caddick, economist at NEF, and Sebastian Mang, senior policy advisor at NEF, to discuss. Music by A.A Aalto (available: https://freemusicarchive.org/music/A_A_Aalto/Connections/Focus

Do you work from home? Then you’re probably not doing proper work, and you’re causing the UK’s economic decline! At least that’s what the former boss of Asda and M&S said last week. Meanwhile, gig economy Deliveroo riders have launched a new campaign for greater openness around the opaque algorithms that rule their working lives. It’s clear with new technology comes new battles for workers. So what is working life like in the UK right now? After pandemic lockdowns and high inflation, have we changed our expectations of what work provides? And are unions ready to lead the fight back against bad work? Ayeisha Thomas-Smith is joined by Kate Bell, assistant general secretary at the Trades Union Congress. Music by A.A Aalto (available: https://freemusicarchive.org/music/A_A_Aalto/Bright_Corners/Coast_Highway/), used under Creative Commons licence: creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New Economics Foundatio

Last week hundreds of tractors drove through Parliament Square. It was the latest protest by UK farmers against changes to inheritance tax announced by the chancellor. From farmers’ protests to the poll-tax riots in the 90s, the amount of tax we pay to the government churns up intense emotions. We want to rescue our cash-strapped public services - but most of us are reluctant to pay more tax. Do Labour’s tax plans go far enough to fix our broken economy? Is the UK really a high-tax nation? And if we want an economy that meets everyone’s needs, do we all just need to pay more tax? Ayeisha Thomas-Smith is joined by Sara Hall, deputy director at Tax Justice UK, and Hannah Peaker, director of policy at NEF, to discuss. Music by A.A Aalto (available: https://freemusicarchive.org/music/A_A_Aalto/Bright_Corners/Corps_Of_Discovery/), used under Creative Commons licence: creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New

From housebuilding to sewage systems to the NHS, private companies are deeply intertwined with our essential public services. But is partnering with big corporations the only way of improving people’s lives? Is private investment a vital ingredient in economic renewal? Or will it just lead to price gouging for us and soaring profits for corporate execs? This week Ayeisha Thomas-Smith is joined by Daniela Gabor, professor of economics at SOAS, and Aveek Bhattacharya, research director at the Social Market Foundation, to discuss the role of private investment in our economy and public services. Music by A.A Aalto (available: https://freemusicarchive.org/music/A_A_Aalto/Fest/Sneak), used under Creative Commons licence: https://creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney, Margaret Welsh and Amy Clancy. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New Economic

The International Energy Agency has said that the world cannot develop any new oil and gas fields if we are to stop climate breakdown. Keir Starmer has promised that the UK will slash its emissions faster than ever before and his government is banning new licences to drill for fossil fuels in the North Sea. Drilling in the wild waters of the North Sea has been a major Scottish industry for decades. Now, its time may be coming to an end. But what about the people who depend on the industry for their livelihoods? What will happen to workers and communities in places like Aberdeen? And how do we square this with the need to kick our addiction to destructive fossil fuels? Ayeisha Thomas-Smith is joined by Anna Carthy, senior policy researcher at Uplift, and Mika Minio-Paluello, industry and climate lead at the Trades Union Congress, to discuss. Music: Curious by Poddington Bear (available: https://freemusicarchive.org/music/Podington_Bear/Curious/Curious/), used under Creative Commons licence: https://creativ

The Autumn Budget was the most significant since George Osborne implemented austerity in 2010. Rachel Reeves announced one hundred billion pounds for infrastructure, forty billion in tax rises and a whole host of policy changes, which she hopes will deliver Labour’s mission of national economic renewal. But what does an extra hundred billion pounds mean for the UK? Are we finally taxing the wealthy properly? And has the chancellor gone far enough to rescue our public services? Ayeisha Thomas Smith is joined by economist James Meadway and NEF Director of Policy Hannah Peaker to discuss. Music: Caterpillar Tunnel by Poddington Bear (available: https://freemusicarchive.org/music/Podington_Bear/Curious/CaterpillarTunnel/), used under Creative Commons licence: creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney, Margaret Welsh and James Rush. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/bu

By the time this episode comes out, the new Labour government will have been in charge of the country for one hundred days. So what do we know about how they’ll run the economy? Can they rescue our threadbare public services while promising a tight grip on government spending? And will their focus on growth deliver real change for those who need it most? Ayeisha Thomas-Smith is joined by Aditya Chakrabortty, senior economic commentator at the Guardian, and Ailbhe Rea, associate editor at Bloomberg UK, for the first episode in a new series of the New Economics podcast. ....... Music: Gathering by Poddington Bear (available: https://freemusicarchive.org/music/Podington_Bear/Encouraging/Gathering/), used under Creative Commons licence: creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney, Margaret Welsh and James Rush. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New

A few weeks ago, far-right rioters gathered outside a hotel hosting asylum seekers in Rotherham and tried to set it on fire. Across the country this horrific act of violence was replicated, as mosques, libraries and people driving home from work came under attack. But in the face of this racist and Islamophobic violence, people gathered to protest the presence of the far right in their communities and to rebuild after the attacks. It was people showing solidarity with their neighbours which ultimately seemed to stem the riots. As the dust settles on the violence, how do we combat the rise of the far right? Are economic deprivation and austerity to blame for that week of violence? And can communities come together to combat racism and Islamophobia? For a one off special episode of the podcast, Ayeisha Thomas-Smith is joined by Minnie Raham, Chief Executive of Praxis, and Abi O'Connor, researcher at NEF. Find out more about: Praxis: https://www.praxis.org.uk/ Green and Black Cross: https://greenandblackcr

In the recent European elections, the far right won unprecedented gains. From the success of the AfD in Germany, to Le Pen’s National Rally in France, the elections saw nationalist and eurosceptic parties sweep up nearly a quarter of the seats in the European parliament. In the UK, the next general election is just days away. Voters will be heading to the polls against a backdrop of decades of economic failure, crumbling public services and a cost of living crisis that has left more than four in 10 households unable to afford life’s essentials. But you wouldn’t know it from the way a lot of our political leaders are talking. Voters are being told, yet again, that times are tough, government spending power is weak, and there is no magic money tree. Oh, and of course, it really is time to crack down on migration, once and for all. So, how can we understand the promises, or lack thereof, of the people vying for our votes, within a broader context of political upheaval across Europe? In a time of such great ne

We live under an invisible ideology. It tells us that we are not citizens but consumers. That intervening in the free market compromises our freedom. That we are all millionaires-in-waiting - and if we are struggling to make ends meet, then we only have ourselves to blame. This is capitalism on steroids. But few of us can even identify the doctrine we live under. It’s called “neoliberalism”, and it’s been the dominant economic ideology for the past four decades. So what does this ideology have to tell us about the world? How is neoliberalism shaping our democracy? And what has almost half a century of neoliberalism done to our lives? Ayeisha Thomas-Smith is joined by George Monbiot, journalist and co-author of the new book The Invisible Doctrine: the secret history of neoliberalism, to discuss: how do we tell a new story about neoliberalism? ....... Music by Inaequalis is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International License: https://creativecommons.org/licenses/by-nc-sa/4.0/

In February, the prime minister warned that “mob rule is replacing democratic rule” in the UK. He encouraged police to take action on pro-Palestine protests which, he said, had descended into “intimidation, threats, and planned acts of violence”. Over 50 organisations responded by accusing this government of placing draconian restrictions on the right to protest. A UN expert has claimed that before the 1930s, it was almost unheard of for peaceful protesters to be imprisoned in the UK. But last year two climate protestors who scaled a bridge on the Dartford Crossing received the longest sentences for peaceful protest in modern British history. Are we witnessing a protest crackdown? Why are politicians referring to some protest groups as “extremists” and “militants”? And how can we defend the right to protest? Ayeisha Thomas-Smith is joined by Akiko Hart, Director of Liberty, and Audrey Cherryl Mogan, Criminal Defence and Civil Liberties Barrister. ....... Music by Aldous Ichnite, used under Creative Common

Three years’ ago, the Conservative Party celebrated their best local elections performance since 2008. But after last week’s local elections in England and Wales, the Telegraph called the results a “dire day” for the Conservatives. Now that the dust has settled, we’re taking a closer look. Local elections aren’t just about Count Binface and potholes. With the next general election creeping ever closer, journalists and political wonks were watching these elections like hawks. So who were the big winners and losers? Has the rise of metro mayors increased democracy in England? And what does this all mean for the next general election? Hannah Peaker is joined by joined by Dr Abi O’Connor, senior researcher at the New Economics Foundation and Jack Shaw, fellow at the Bennet Institute for Public Policy. ------- Music: Thoughtful by Lee Rosevere, Free Music Archive: https://freemusicarchive.org/music/lee-rosevere/music-for-podcasts-playful/more-questions-than-answers/, used under Creative Commons licence: crea

Almost three million people in the UK are unemployed and unable to work because they are ill or disabled. According to the right-wing media, these people aren’t nearly as unwell as they claim. Meanwhile a UN committee warned that disabled people in the UK are subjected to a “traumatising” benefits system. We have a social security system that’s been stripped to the bone and millions of people are struggling to afford the essentials as a result, yet both of the main political parties are desperate to be seen as “tough on benefits”. So what’s gone wrong with our social security system? Why are politicians so intent on alienating those who rely on it? And how can we build a system that gives everyone the support they need? Ayeisha Thomas-Smith is joined by Kaliya Franklin, freelance disability policy expert and campaigner, and Mikey Erhardt, campaigner at Disability Rights UK. ------- Music: Thoughtful by Lee Rosevere, Free Music Archive: https://freemusicarchive.org/music/lee-rosevere/music-for-podcasts-ser

Britain’s favourite broadcaster David Attenborough once said: “Anyone who thinks you can have infinite growth in a finite environment is either a madman - or an economist.” But our political leaders don’t seem to agree. Both our major political parties have made growing the economy a key metric for their success in government. So what is economic growth? How did it become so central to our understanding of the economy? And should we really be striving for infinite growth on a finite planet? Ayeisha Thomas Smith is joined by Kate Raworth, economist and author of Doughnut Economics, and Michael Jacobs, professor of political economy at the University of Sheffield. ------- Music: Under Suspicion by Lee Rosevere, Free Music Archive: https://freemusicarchive.org/music/lee-rosevere/music-for-podcasts-serious/under-suspicion/, used under Creative Commons licence: creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney, Margaret Welsh and James Rush The New Economics Podcast is brought to you by

We’re waiting longer than ever for hospital appointments, our kids’ schools are literally crumbling, and homelessness has sky-rocketed in the past year. This week’s spring budget was a vital chance for chancellor Jeremy Hunt to respond to the huge problems our country is facing. But instead of trying to fix any of our problems, the chancellor announced a cut to national insurance that will benefit the richest households twelve times more than the poorest. So what do Jeremy Hunt’s announcements mean for people across the UK? Why are the opposition talking about maxed out credit cards? And what needs to happen to save our public services and boost living standards for all? Ayeisha Thomas Smith is joined by Hannah Peaker, director of policy at the New Economics Foundation, and Lydia Prieg, head of economics at the New Economics Foundation ----- Music by Podington Bear, used under Creative Commons licence: creativecommons.org/licenses/by-nc/3.0/. Produced by Katrina Gaffney, Margaret Welsh and James Rush T

Worried about your carbon emissions? Don’t stress! You can pump out as much as you want - as long as you buy some offsets to balance it out. Scared of the collapse of wildlife? No problem! We can figure out how much money our ecosystems are worth, and let the market do the rest! Welcome to the logic of green capitalism. Fossil fuel giants claim to celebrate sustainability while pumping out toxic emissions. Governments are relying on carbon offsets to make their climate promises add up. And we’re told that we can fight the climate crisis with the magic of economic markets. Why have corporations got so interested in sustainability? Will carbon offsets save us - or are they just a cute accounting trick? And if wind and solar energy are so cheap, why haven’t we embraced them? Ayeisha Thomas-Smith is joined by Adrienne Buller, author of The Value of a Whale: On the illusions of green capitalism, and Brett Christophers, author of The Price is Wrong: Why capitalism won’t save the planet. ------- Music by Se

It’s 2024 and in Westminster an election is at the forefront of everyone’s minds. Step back a little further and across the UK millions of us are more concerned with how we’ll afford to pay their sky-high rent or energy bills. Zoom out further again and we see a world where billions of people are reckoning with the threat of the climate crisis. For the first episode in a new series of the New Economics podcast, Ayeisha is joined by the new chief executive of the New Economics Foundation, Danny Sriskandarajah, to discuss the biggest challenges facing the world and how we can win a new global economy. ----- Music by Podington Bear, used under Creative Commons licence: https://creativecommons.org/licenses/by-nc/3.0/. Produced by Katrina Gaffney, Margaret Welsh and James Rush The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: https://neweconomics.org/donate/build-a-better-future New Economics Foundation is a registered charity in Eng