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Making Money

S3E7: Why our political system is broken and what it costs us - Journalist Ian Dunt

Apr 15, 2024
Political writer and commentator Ian Dunt discusses the broken UK political system, accountability for lies, wasteful spending, and confusing tax policies. The conversation explores flaws in governance, fiscal studies, investments, media coverage, Brexit fallout, inefficiencies in healthcare, and the impact of public trust on the economy.
01:25:06

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Podcast summary created with Snipd AI

Quick takeaways

  • Government inefficiency stems from lack of expertise in decision-making, leading to ineffective policies and projects.
  • Journalists' reliance on sources jeopardizes holding politicians accountable for lies and mismanagement.

Deep dives

Lack of Institutional Knowledge in Politicians and Civil Servants

Politicians and civil servants often lack deep domain knowledge in the areas they oversee, leading to ineffective decision-making. The trend of rapid turnover in ministerial positions prevents long-term expertise development. Short-term perspectives and a focus on quick achievements for personal gain hinder the development of sustainable policies and projects.

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