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In defence of Democracy

The David McWilliams Podcast

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Democracy, a Great Challenge for the Democracy

Economic changes from the 1970s to today, no longer favoured middle and lower parts of society. We de-industrialised largely because productivity growth in manufacturing was so high. New competitors who had learnt how to do what we could do were a huge change. And then third, we liberalised our economy and finance in ways that are allowed. To an extraordinary new plutocracy. It's only become clear to me in the last 15 or so years.

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