New Economics Podcast
233 episodes - English - Latest episode: 10 days ago - ★★★★ - 68 ratingsAward-winning podcast about the economic forces shaping our world, with Ayeisha Thomas-Smith and guests. Brought to you by the New Economics Foundation – the independent think tank and charity campaigning for a fairer, sustainable economy.
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Episodes
Why the far right is winning in Europe, with Yanis Varoufakis
July 02, 2024 13:27 - 42 minutes - 39.1 MBIn 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 fou...
Neoliberalism: The Invisible Ideology, with George Monbiot
June 11, 2024 14:28 - 55 minutes - 50.5 MBWe 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...
Do we need to fight for the right to protest?
May 22, 2024 14:19 - 39 minutes - 36.5 MBIn 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 la...
What do the local elections mean for the UK
May 10, 2024 10:18 - 30 minutes - 27.9 MBThree 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 th...
Why is the benefits system failing disabled people
April 23, 2024 14:26 - 43 minutes - 39.6 MBAlmost 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 des...
Should we be going for growth?
April 10, 2024 12:48 - 53 minutes - 48.8 MBBritain’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?...
Spring budget reaction
March 08, 2024 10:09 - 31 minutes - 28.6 MBWe’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 announceme...
Can capitalism save the climate
February 29, 2024 17:01 - 45 minutes - 42 MBWorried 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 w...
Introducing the new chief executive of NEF
February 13, 2024 14:54 - 39 minutes - 36.6 MBIt’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, Dan...
Why antiracism means anticapitalism
June 19, 2023 12:00 - 39 minutes - 36 MBThe Metropolitan Police’s diversity and inclusion strategy claims it is determined to “eliminate racism and discrimination”. But the force was branded ‘institutionally racist’, and not for the first time, in an official report this spring. Recently, a Met firearms officer has been referred to prosecutors on a potential murder charge for shooting dead Black Londoner Chris Kaba last September. So, what does racism have to do with our 21st century economic system? How can we understand institut...
Why asset managers own the world
June 06, 2023 10:58 - 47 minutes - 43.6 MBThis spring, swimmers in Kent were told to avoid ten beaches in the county due to sewage leaks. Public outrage at sewage pouring into our rivers and beaches has so far focused on water companies. But is someone else to blame? The pipes that carry sewage in Kent are not owned by Southern Water, or even Kent County Council. They belong to a massive Australian asset management firm that most of us have never heard of. Asset management firms are not household names, but they’ve come to own our e...
A crisis of caregiving
May 22, 2023 06:30 - 38 minutes - 35.5 MBThe friend who has to cancel plans to look after their elderly mum. The colleague who leaves their phone on loud so they don’t miss a call about their disabled child. The neighbour you’ve barely seen since their partner’s diagnosis. We’re surrounded by people who are dealing with the challenges of caregiving, but they often go unseen. According to Carers UK, there could be over ten million people providing unpaid care in the UK. We’ll all have to care for someone or be cared for over the cou...
Should we all be troublemakers at work?
May 10, 2023 14:23 - 40 minutes - 37 MBAs the chancellor stood up in Parliament to present his spring budget in March, half a million people went on strike to demand better from their bosses. Teachers, junior doctors, Tube drivers, civil servants and more all walked out of work, in the biggest day of strike action in over a decade. As the strikes rumble on into another summer, how can workers keep up the momentum? Will new legislation make it harder to fight for better pay and working conditions? And should more of us be trying ...
Have we been conned by consultants?
April 24, 2023 08:52 - 42 minutes - 38.5 MBNurses struggling without PPE, the frantic search for hospital ventilators, even the dreaded ping from NHS test-and-trace. To most of us, these memories represent some of the worst of the Covid pandemic. But for a select few companies, they were an opportunity to make millions. Consultancy firms won over seven hundred million pounds worth of government Covid contracts to do things like run the test-and-trace system and vaccine rollout. This February, ministers dropped restrictions on Whiteha...
How we can all have a home
April 07, 2023 07:00 - 39 minutes - 36.1 MBYou can’t paint your walls, you can’t have a pet, you can’t guarantee you’ll have somewhere to live in six months time. Millions of us are paying sky-high rents but struggling to make a home in a housing system where safety and security takes second place to landlords’ profits. Some private tenants face mould and broken boilers but daren’t complain. According to Shelter, complaining to your landlord about conditions in your home more than doubles your chance of being evicted. How did pri...
Right to Roam
March 13, 2023 07:00 - 40 minutes - 37.3 MBOn a sunny day in January, a ghostly figure covered in green ribbons appeared on a moor in south-west England. It was a person dressed as Old Crockern, the guardian spirit of Dartmoor. He was greeted by 3000 people who had gathered to protest a court ruling that took away the right to wild camp in the area. It was the biggest countryside access protest in living memory. The ruling reignited a long-running concern over land in England: who owns it? And who is allowed to use it? The aristocrac...
The UK's political battlegrounds
February 27, 2023 07:00 - 57 minutes - 52.6 MBLast year the UK had three different prime ministers, four different chancellors and five different housing ministers. Nicola Sturgeon, Scotland's first minister for close to a decade, recently announced her resignation - and it’s not clear who will replace her. British politics now seems to be permanently tumultuous. And with a general election peeking over the horizon, political parties are gearing up to win over the public. What are the big ideas influencing UK politics? How much appetite...
How we win a new economy - changing the rules
November 07, 2022 11:54 - 26 minutes - 24.3 MBNote to listeners: this episode was prerecorded in September 2022. Over the last five episodes we’ve looked at how the UK is being torn apart. Our economy is built on huge inequalities: between working people and big business, between families and fossil fuel giants, between tenants and landlords, and between marginalised groups and law enforcement. Are such massive divisions in our society inevitable? Can we share the wealth hoarded by the rich? And what do we need to do to build a better ...
How we win a new economy - fighting for our human rights
October 28, 2022 12:35 - 47 minutes - 43.5 MBNote to listeners: this episode was prerecorded in September 2022. This summer, on a small road in south-east London, a crowd of people prevented immigration officers from detaining a local man. Protestors sat on the ground in front of the van he was held in for hours, shouting “Let him go!”. From Pollokshields to Peckham, over the last couple of years we’ve seen how people can come together to physically stop immigration raids in their communities and protect their neighbours. But with the...
How we win a new economy - fixing the housing crisis with social homes
October 14, 2022 11:28 - 38 minutes - 35.6 MBNote to listeners: this episode was prerecorded in September 2022. The cost of living scandal could force 1.7 million households into homelessness this winter, according to the charity Crisis. In the UK, we can no longer rely on social housing to protect people from sleeping rough or sofa-surfing. If you were alive in 1979, you had a 40% chance of living in an affordable council home. Today, that figure is just under 8%. What happened to all our council houses? Did Thatcher’s right to buy p...
How we win a new economy - solving the cost of living and climate crises together
September 30, 2022 08:00 - 44 minutes - 40.9 MBNote to listeners: this episode was prerecorded in August 2022. 2022: a year of extremes. During the 40 degree summer heat, roads melted and railway lines buckled. The London Fire Brigade had its busiest day since the Blitz as record temperatures led to hundreds of fires across the city. When it finally rained a month later, the Met Office warned of flood risk. But after a dangerously hot summer, we’re now worrying about whether we can afford our energy bills during a long, cold winter. Thi...
How we win a new economy – a hot strike summer?
September 16, 2022 12:05 - 45 minutes - 42 MBNote to listeners: this episode was prerecorded in August 2022. As the first week of rail strikes came to an end in June, Google searches for the phrase “join union” had increased by 184%. News channels and politicians didn’t seem to know what to make of the broad public support for the striking rail workers. Inspired by the RMT union, the unrest spread: criminal barristers, BT workers, posties and teachers are just some of the people exploring strike action. After decades of union busti...
How we win a new economy - the end of neoliberalism?
September 02, 2022 08:00 - 47 minutes - 43.4 MBIn this mini-series of the New Economics Podcast, we’ll discover how our economy has been run over the past few years - and look at the key battlegrounds for those fighting to change the rules. Over the last few years, neoliberalism – the economic model that has dominated since Margaret Thatcher was PM – has taken a hit. Big spending and state intervention have been the name of the game, as the government scrambled to get to grips with the pandemic. While Boris Johnson gets ready to pack u...
How did the British Empire write the rules of today’s economy?
May 30, 2022 08:09 - 49 minutes - 45.6 MBOutside of the frenzied headlines about woke warriors cancelling Jane Austen and stately homes, we’re living in a period of renewed consideration of Britain’s colonial history. The British Empire began before the English Civil War, and shaped our country for 400 years. At its height, it covered almost a quarter of the entire world’s population. Beyond statues and street names, how is the empire still shaping our lives today? Ayeisha is joined by Dr Kojo Koram, lecturer in law at Birkbeck an...
Who owns the internet?
May 16, 2022 08:00 - 46 minutes - 42.5 MBWhat do you get the guy who has everything? A 44 billion dollar social media platform apparently. Elon Musk has already been accused of union busting, shot a car into space, and become the world’s richest man. So what’s next on his to-do list? Buying Twitter of course! From Mark Zuckerberg to Elon Musk, should we be worried that our online lives are in the hands of a few super-rich men? Will cryptocurrencies and Web3 make the internet good again? And what would a people-powered internet real...
What did Covid-19 reveal about how our economy is really run?
May 03, 2022 08:00 - 45 minutes - 41.6 MBIn the early months of the pandemic, the government shut down whole sectors of the economy and started paying the wages of a huge proportion of Brits. Some worked from home, juggling homeschooling their kids and figuring out how to use Zoom. Others risked their health to travel to work. Meanwhile Big Tech and outsourcing companies raked in money through government contracts. What can we learn from moments when the predictable rules of economic life are suspended? Who wins and who loses in th...
What does the Sunak scandal tell us about our tax system?
April 19, 2022 08:54 - 34 minutes - 31.9 MBA few weeks ago the chancellor presided over a spring budget which ushered in the fastest drop in living standards on record, as he told us that we “can’t protect everyone”. But this week it was revealed that his wife has avoided paying around £20 million in tax, due to her non-dom status. Accused of “rank hypocrisy” by Keir Starmer, Rishi Sunak’s popularity has certainly been dented. The Sunak family hasn’t broken the law - but what does that say about the laws that govern who has to pay ta...
The UK's response to the refugee crisis
April 04, 2022 09:22 - 33 minutes - 30.2 MBSince the start of the war in Ukraine, over 4 million people have fled the country. Earlier this month Priti Patel announced a visa application centre had been established en route to Calais for Ukrainians trying to come to the UK. But the centre never existed. Days later, the Home Office said it was actually in Lille, but would not reveal where. Officials then claimed that refugees in Calais could get free Eurostar tickets to travel to the centre - despite the fact that the Eurostar does not...
Are fossil fuels funding the war in Ukraine?
March 21, 2022 09:00 - 40 minutes - 36.7 MBAt the time of recording, hundreds, and possibly thousands, of civilians have been killed during Russia’s invasion of Ukraine, and more than 2.5m Ukranians have fled the country. The Russian army has been accused of war crimes after bombing a maternity hospital in the south. Allies of the Ukrainian president say that Russia will only back down if Europe bans the import of Russian oil and gas. But what do oil and gas have to do with the war in Ukraine? Will banning Russian fossil fuels re...
Tackling the cost of living crisis
March 07, 2022 12:20 - 44 minutes - 40.6 MB2022 has been dubbed the ‘year of the squeeze’ by the Resolution Foundation. In April, soaring energy bills will collide with tax increases for working people. Last month grocery prices rose at their fastest rate in eight years, and inflation is at its highest level in almost three decades. When the media talk about the ‘cost of living crisis’, what do they mean? How did we end up in a country with more food banks than branches of McDonalds? And what can the government do to make sure everyo...
Tackling the energy crisis
February 21, 2022 09:51 - 41 minutes - 37.9 MBFamilies are bracing for less and less money to get by as energy bills rise this spring. In the fifth richest country in the world, pensioners are skipping meals so they can afford their heating bills, and parents are only switching the heating on when their children are at home. At the same time, fossil fuel companies like BP and Shell made their biggest profit in years. What do these two things have to do with each other? Why are energy bills soaring? And what can the government do to make...
Closing the Covid-19 vaccination gap
November 29, 2021 08:00 - 45 minutes - 41.7 MBCoronavirus cases are once again rising in Europe and across the world. The World Health Organisation has said that countries shouldn’t be giving out booster jabs for the rest of the year, but in the UK we’re offering third shots to people as young as 40. Meanwhile, only 3% of people in low-income countries have had a single dose. Covid vaccines may have prevented hundreds of thousands of deaths in the UK, but who is missing out on the global vaccine rollout? Why can’t poorer countries get h...
The future of work
November 19, 2021 15:49 - 37 minutes - 34.1 MBA record number of employees have quit their jobs in recent months, in what’s been dubbed the Great Resignation. Newspapers report that it’s part of post-Covid demand for flexible working and better work life balance. After last year, where up to a quarter of the UK workforce was paid not to work through the furlough scheme, are we reassessing our relationship to our jobs? How does work impact our health and sense of self? And should we improve our working conditions - or try to abolish work...
Is our digital economy breeding misogyny?
November 12, 2021 15:40 - 47 minutes - 43.5 MBIn August this year Jake Davison, a 22-year-old from Plymouth, went on a shooting rampage that left six dead, including his mother and himself. In the aftermath it emerged that Davison had been a member of ‘incel’ forums online. He’s not the first mass shooter to have links to online groups espousing extreme hatred of women. Since Elliot Rodger killed six people in California in 2014, self-proclaimed ‘involuntary celibates’ have carried out multiple mass murders, mostly in North America. Wha...
Trans Liberation
November 05, 2021 15:21 - 53 minutes - 48.6 MBIf you read mainstream media coverage of the issues facing transgender people in the UK, you’ll see a lot of fevered discussion of pronouns, bathroom access, and confusing legislation like the Gender Recognition Act. The media tells one story - but the other side of the coin is that half of trans people in the UK are unemployed and one in four have experienced direct healthcare discrimination. When we focus on bathrooms and pronouns, what other conversations are shut down? What are the econo...
Is austerity back?
October 26, 2021 07:14 - 42 minutes - 38.8 MBAt the height of the pandemic, politicians promised to do whatever it took to keep the economy going, and introduced emergency support like the furlough scheme. But now those measures have been cut and the conversation has turned to “fixing the public finances”, ending “reckless borrowing'' and preventing “soaring debt”. The word austerity hasn’t featured yet but it’s all feeling a bit familiar, isn’t it? So, what do these phrases actually mean? Should we really be worried about things like ...
What really happens at a UN climate summit?
October 15, 2021 15:17 - 47 minutes - 43.4 MBIn a few weeks’ time, 25,000 people will descend on Glasgow. They are coming for the UN climate summit, also known as Cop26. The delegates might not have the pleasure of sampling the city’s mac-and-cheese pies or a dram of whiskey. Instead they will meet with others from around the world to try and agree new ways to bring down greenhouse-gas emissions. So what happens at a UN climate conference? Are negotiators in an events centre really going to stop runaway climate change? And what should ...
The Great Homes Upgrade
October 08, 2021 12:51 - 35 minutes - 32.3 MBThe UK has the draughtiest and oldest housing in Western Europe. And our gas boilers pump out twice as much carbon dioxide as all of the country’s power stations. Do we need to upgrade the UK’s homes? Why is our housing powering the climate crisis? And how can we make sure everyone’s home is warm, clean and green - whether we rent a flat or own a castle? Ayeisha is joined by Chaitanya Kumar, head of environment and the green transition at NEF, and Martin Heath, director of Basingstoke Energ...
Can we prevent living standards plummeting this winter?
October 01, 2021 11:38 - 32 minutes - 30.1 MBOver 11m people have been furloughed in the last 16 months, and almost 6m are currently on universal credit. But over the next week, the government’s main emergency policies to help people through the pandemic will end. People on furlough will find out if their jobs are still waiting for them, and people on universal credit will find their benefits cut by £20 a week. The government seems to be acting like we’re out of the woods of the pandemic - but are we really? With over a million people ...
Where did our immigration system come from?
August 13, 2021 11:08 - 40 minutes - 37.4 MBThis week a controversial deportation flight took off for Jamaica. Legal challenges meant that only a tenth of the 90 people due to be deported were on the plane. The planned deportation included people whose lawyers said they had a right to stay in the UK under the Windrush rules, or who had arrived in the UK as children. Critics say that our immigration system is unnecessarily cruel. But what is its origin story? How has it changed over time? And what does it have to do with Britain’s col...
Fighting the climate crisis in the courts
August 06, 2021 10:32 - 31 minutes - 29 MBWith the COP26 global climate conference coming up later this year, we’re spending five episodes this series looking at pressing climate issues. In this episode we’re talking about taking the fossil fuel industry to court. Last week, a government spokesperson said that we should freeze leftover bread and stop rinsing dishes before we put them in the dishwasher to tackle the climate crisis. Meanwhile, the government has approved a new oil field in the North Sea that we’d need to reforest the ...
Fast Fashion
August 03, 2021 08:31 - 51 minutes - 47.1 MBWith the COP26 global climate conference coming up later this year, we’re spending five episodes this series looking at pressing climate issues. In this episode we’re talking fast fashion. Summer is here and Love Island is all over the telly. The show’s sexy singles are competing for big prize money, and the inevitable sponsorship deals with fast fashion brands like Shein, Boohoo and Pretty Little Thing. But these companies have been accused of exploiting their workers and polluting the envi...
How can we tackle the climate crisis while levelling up?
July 23, 2021 14:34 - 36 minutes - 33.1 MBWith the COP26 global climate conference coming up later this year, we’re spending five episodes this series looking at some of the biggest climate issues. In this episode we’re talking about a just transition. Last week, the prime minister travelled to Coventry to set out his post-pandemic vision for the country. It was anticipated as a flagship moment for the government’s ‘levelling up’ agenda, but critics decried the speech as all talk, no action. This comes a month after the Committee on...
A climate conversation between two generations
July 09, 2021 09:31 - 42 minutes - 38.8 MBWith the COP26 global climate conference coming up later this year, we’re going to spend five episodes this series looking at some of the biggest climate issues. We kicked things off last week with Alice Bell explaining everything you need to know about greenwashing. This week the conversation is about the climate movement with activists from two generations. The modern environmental movement has been around for over 50 years. And over the last couple, it’s been reinvigorated by a new genera...
Greenwashing
July 02, 2021 13:40 - 36 minutes - 33.7 MBWith the COP26 global climate conference coming up later this year, we’re going to spend the next five episodes of the podcast looking at some of the biggest climate issues – starting this week with greenwashing. Last month 20 young people and scientists attempted to occupy London’s Science Museum. They were protesting the fact that a new exhibition on the climate crisis was being sponsored by Shell. Protestors accused Shell of using their sponsorship to ‘greenwash’ its reputation. The occup...
The Police Bill
June 18, 2021 13:17 - 51 minutes - 47.4 MBThroughout the spring, hundreds of thousands of people across the country marched, signed petitions, and spoke out against the catchily-titled Police, Crime, Sentencing and Courts Bill. Critics say the Bill would curb our freedom of speech and assembly by giving the police new powers to crack down on protest. The Bill was successfully delayed - but it’s due to resurface in Parliament next week. So what’s actually in the Police Bill? How will it affect Black and other people of colour? And wh...
Culture Wars
June 11, 2021 14:56 - 43 minutes - 40.1 MBThis week, the front page of the Daily Mail screamed “Outrage as Oxford students plan to axe queen”. In reality, a group of postgrads voted to take down a portrait of the queen in a single common room, in a single Oxford college, because of the portrait’s association with the UK’s colonial history. Whether it’s the interior decor of student common rooms or athletes taking the knee in support of Black Lives Matter, by the time you listen to this podcast, new outrages are constantly emerging. ...
What will Biden’s America look like?
April 01, 2021 14:36 - 42 minutes - 39.2 MBThere’s a new president in the Oval Office and he’s ready to make some changes. Joe Biden wants the start of his presidency to be defined by rejoining the Paris climate agreement, vaccinating the country against Covid-19, and pulling the American economy out of a crisis. But will this be enough to tackle the problems that led to the Trump presidency? Is Biden too concerned about building bridges with the Republican Party? And is America finally ready to start taking the climate emergency ser...
Changing the rules of our economy to stop environmental breakdown
March 19, 2021 12:58 - 47 minutes - 43.8 MBThere are just eight months left until the UK hosts the UN Climate Conference. And despite Boris Johnson’s insistence that we will have a green recovery from the pandemic, in the last month there have been a number of climate related controversies, including around the construction of a new coal mine in Cumbria, the Leeds Bradford airport expansion, and plans to cut air passenger duty on domestic flights. Why can’t the economic status quo deal with the climate emergency? What has the fresh a...
How can we make sure everyone has enough to live on?
March 12, 2021 15:33 - 38 minutes - 35.6 MBLast week a video circulated of 800 people queuing for a food bank in Wembley. Volunteers at the London Community Kitchen said that the number was not uncommon. In Rishi Sunak’s recent budget, he announced that the furlough scheme and the temporary £20 increase to universal credit would continue until the autumn. But even with these measures, it’s obvious that huge numbers of people in the UK are struggling. Furlough has held back a wave of unemployment - but what happens when the scheme en...