James Landale, BBC diplomatic correspondent, shares his insights on the intricate Ukraine conflict negotiations, spotlighting the complexities involved. Sarah Smith, BBC North America editor, discusses U.S. perspectives on the ongoing talks and the strategic significance of Greenland. Veteran broadcaster David Dimbleby unveils his new series on free market economics, revealing historical shifts and their impact on society. Together, they explore the delicate balance of diplomacy, strategy, and economic principles shaping current global events.
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Fisher's Free Market Inspiration
Anthony Fisher, a Battle of Britain pilot, was inspired by Hayek's free market ideas after the war.
He then established the Institute of Economic Affairs (IEA), a key driver of free market principles.
insights INSIGHT
Shifting Economic Norms
Privatized utilities and airports, now commonplace, are recent developments.
Post-WWII, state control of these sectors was the norm.
question_answer ANECDOTE
Goldsmith's Prediction
James Goldsmith, an entrepreneur, foresaw the negative impacts of an unfettered free market.
He predicted job losses to countries like China, India, and Vietnam.
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In this influential book, Hayek argues that the abandonment of individualism and classical liberalism leads to a loss of freedom, the creation of an oppressive society, and ultimately, the tyranny of a dictator. He challenges the view that fascism and Nazism are capitalist reactions against socialism, instead positing that these ideologies share common roots in central economic planning and the empowerment of the state over the individual. The book emphasizes the dangers of collectivism and the importance of maintaining a free market system to preserve human freedom and dignity.
Today, delegates from the US and Russia are meeting for another round of talks on the war in Ukraine.
The meeting follows Witkoff’s comments on Tucker Carson’s podcast over the weekend where he said President Putin is “not a bad guy” and questioned Ukraine’s claims to parts of its own country.
Adam is joined by North America editor Sarah Smith and diplomatic correspondent James Landale.
Plus, David Dimbleby tells Adam all about the free market revolution ahead of the release of his new podcast ‘Invisible Hands’.
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Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Chris Flynn with Shiler Mahmoudi and Anna Harris. The technical producer was Stephen Bailey. The assistant editor is Chris Gray. The editor is Sam Bonham.
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