Labour has an economic problem – and appointing Minouche Shafik as Starmer’s senior economic adviser will not fix it. Shafik represents the neoliberal technocracy that has failed for decades. She may talk progressive language, but her loyalties lie with the institutions that defend the elite. Labour is out of ideas, still clinging to a broken model that fuels inequality, debt, and ecological collapse. In this video, I explain why Shafik’s appointment shows Labour is paralysed – and why we need modern monetary theory, tax justice and democratic accountability instead.