New Economics Podcast

In a lively discussion, economist James Meadway and political commentator Carys Afoko dissect the recent autumn budget's controversial aspects. They explore the fallout from an accidental document leak, revealing market reactions and budget secrecy challenges. The guests also address significant tax changes, like the abolishment of the two-child benefit cap, and touch on missed opportunities for transformative policies. Critiquing strategies, they highlight the need for better engagement with the public and tackle tough choices faced by the Labour party.

It’s a new technology that everyone’s desperate to get a piece of. CEOs say it’s going to change how we work, access information, and even relate to each other. Investors are showering companies with money - even when they aren’t turning a profit. You might think this is the story of artificial intelligence. But it’s actually what happened during the dotcom bubble, back in the late nineties. When the frenzy of investment ended, the bubble burst. Companies went bust and trillions of dollars of investment capital evaporated. Today, AI companies are raising over a trillion dollars in investment, with very little revenue to show for it. Is the dotcom bubble a vision of our future? Has the AI hype outpaced its profits? And if the bubble bursts - what does it mean for the rest of us? This week Ayeisha Thomas-Smith is joined by Eleanor Shearer, senior research fellow at Common Wealth and Carsten Jung, interim associate director for economic policy and AI at the Institute for Public Policy Research. Follow our Instagram: www.instagram.com/neweconomicspod/ Follow our Tiktok: www.tiktok.com/@neweconomicspod Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New Economics Foundation is a registered charity in England and Wales. Charity No. 1055254

Last week democratic socialist Zohran Mamdani won the New York City mayoral election. His election campaign was bolstered by a slick social media campaign, seen by millions in his city and beyond. Politicians in the UK have taken inspiration, with figures like Zarah Sultana and Zack Polanski raking in the views on TikTok. But these progressive voices are a drop in the ocean compared to the reach of right-wing voices like Tommy Robinson, Nigel Farage and Andrew Tate. So, why are right-wing influencers so successful online? What lessons do the left need to learn about digital strategy? And do we even have a hope when some of the biggest social media platforms are owned by right-wing billionaires? This week Ayeisha Thomas-Smith is joined by Will Davies, professor of political economy at Goldsmiths, and Dunya Kamal, social media specialist working at the Trades Union Congress, to discuss. Follow our Instagram: www.instagram.com/neweconomicspod/ Follow our Tiktok: www.tiktok.com/@neweconomicspod Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New Economics Foundation is a registered charity in England and Wales. Charity No. 1055254 Music by Lee Rosevere, Free Music Archive: freemusicarchive.org/m... used under Creative Commons licence: cre​ativecom​mons​.org/​l​i​c​e​n​s​e​s​/​b​y​-​n​c​/4.0/.

We used to own things. The essential services we need to survive - things like water, trains and our energy system - used to be owned by us: the UK public. But over the last four decades, our public services have been sold off to private corporations over whom we have no control. The result? Soaring bills for us, but massive payouts to shareholders. Sewage in our waterways, but bailouts for water companies. Constantly delayed trains, but ticket prices getting higher every year. But what if it didn’t have to be like this? What if we had democratic control over the things which mattered to us? And what if this went beyond public services - to the factories, farms and markets across the UK? Ayeisha Thomas-Smith is joined by Keir Milburn, author of Radical Abundance: how to win a green democratic economy, and Frances Northrop, head of community economic power at the New Economics Foundation. Follow our Instagram: www.instagram.com/neweconomicspod/ Follow our Tiktok: www.tiktok.com/@neweconomicspod Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New Economics Foundation is a registered charity in England and Wales. Charity No. 1055254 Music by Lee Rosevere, Free Music Archive: freemusicarchive.org/m... used under Creative Commons licence: cre​ativecom​mons​.org/​l​i​c​e​n​s​e​s​/​b​y​-​n​c​/4.0/.

Israel’s attacks on Gaza have been described by ministers as “intolerable”, “appalling” and “cruel”. Last year this government suspended around a tenth of Israel’s arms export licences. Yet this summer the UK managed to sell record amounts of arms to Israel, including over one hundred thousand bullets in just one month. The UK exports billions of pounds worth of parts for fighter jets, bombs and other defence equipment every year. Protest groups, like the now-banned Palestine Action, have repeatedly targeted UK defence sites, including those belonging to Israel’s largest arms producer, Elbit Systems. So why are we exporting arms to countries who target civilians? Why is the arms industry so entwined with the UK economy? And does more military spending really keep us safe? Ayeisha Thomas-Smith is joined by Khem Rogaly (Common Wealth and Transition Security Project) and David Wearing (University of Sussex). Follow our Instagram: www.instagram.com/neweconomicspod/ Follow our Tiktok: www.tiktok.com/@neweconomicspod Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New Economics Foundation is a registered charity in England and Wales. Charity No. 1055254

Is the party over before it has even begun? Tens of thousands of people signed up to be members of Your Party, the new political project founded by Jeremy Corbyn and Zarah Sultana. But within hours, rumours of a rift within the party leadership exploded into warring public statements and threats of legal action. Meanwhile, Zack Polanski won eighty-five percent of the vote in the Green Party leadership election, with record numbers of members signing up to his eco-populist vision. But the Greens face an electoral system stacked in favour of the bigger parties. As of the time of recording, Your Party has relaunched its membership drive. So what would it mean for them to get off the ground? Will Polanski change the fortunes of the Greens? And do either of these parties have what it takes to challenge the rise of the far right? This week Ayeisha Thomas-Smith is joined by Adam Ramsay and Shanice McBean to discuss. Follow our Instagram: www.instagram.com/neweconomicspod/ Follow our Tiktok: www.tiktok.com/@neweconomicspod Music by Lee Rosevere, Free Music Archive: freemusicarchive.org/m... used under Creative Commons licence: cre​ativecom​mons​.org/​l​i​c​e​n​s​e​s​/​b​y​-​n​c​/4.0/. Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New Economics Foundation is a registered charity in England and Wales. Charity No. 1055254

Faiza Shaheen, Chief Executive of Tax Justice UK, and Alex Chapman, Senior Economist at the New Economics Foundation, delve into the UK's political turmoil. They analyze the Labour government’s faltering popularity, attributing it to economic discontent and instability. The conversation touches on the pressing need for wealth tax reform driven by rising inequality, and the intersection of economic woes with anti-immigrant sentiments. They argue for grassroots organizing and an inclusive approach to policy to foster meaningful change.

During the presidential campaign, the Democratic Party warned that American democracy was under attack from Trump. Since the start of Trump two-point-0, his administration has deported pro-Palestine student protestors. He has barred Oval Office access to journalists who have used the phrase “Gulf of Mexico” rather than “Gulf of America”. And he has called for a judge blocking his orders to be impeached. With such anti-democratic forces ensconced in the White House, have US progressives failed? Have the far-right thrived because they are simply better at organising? And how can Americans come together to prevent the stripping away of their most basic rights? Hannah Peaker is joined by Marshall Ganz, legendary organiser, lecturer at the Harvard Kennedy School, and author of People, Power, Change: Organising for Democracy Renewal. Links: The Leading Change Network: https://leadingchangenetwork.org/ ....... Music: Canyon by A.A. Aalto, used under Creative Commons licence: creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New Economics Foundation is a registered charity in England and Wales. Charity No. 1055254

We are living in a time of contradictions. For the last forty years, our politics and media have been dominated by neoliberal, right-wing voices - yet pundits insist that the UK is dominated by a woke, left-wing elite. Our politicians claim to champion the voices of the forgotten working class - yet working-class people are not seeing better wages, housing or healthcare. And the majority of people in this country are being screwed by the economic system - yet for some reason we seem unable to secure a better future for ourselves. So where did it all go wrong? Are we really ruled over by a censorious woke mob? Or is it all a convenient story, to distract us from the real villains? Ayeisha Thomas-Smith is joined by Ash Sarkar, journalist and author of Minority Rule: Adventures in the Culture War. Music by A.A Aalto (available: freemusicarchive.org), used under Creative Commons licence: creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New Economics Foundation is a registered charity in England and Wales. Charity No. 1055254

Half a year ago, the Labour Party swept into power with a huge parliamentary majority and Kier Starmer celebrated by saying that the country could “get its future back”.  Today, Labour are dogged by low approval ratings, having upset everyone from environmentalists to pensioners, farmers to small-business owners.  And just last week Reform overtook both the Conservatives and Labour in a poll of voting intentions - suggesting the public are already looking for an alternative. So, why has the public seemingly turned on the Labour Party? Should they be threatened by the rise of Reform? And how can the progressive movement push this government to create the world we want?  Ayeisha Thomas-Smith is joined by Grace Blakeley, economics commentator and author of Vulture Capitalism: Corporate Crimes, Backdoor Bailouts and the Death of Freedom, and David Edgerton, historian and author of The Rise and Fall of the British Nation: a Twentieth Century History. Music by A.A Aalto (available: https://freemusicarchive.org/music/A_A_Aalto/Bright_Corners/Corps_Of_Discovery/), used under Creative Commons licence: creativecommons.org/licenses/by-nc/4.0/. Produced by Katrina Gaffney and Margaret Welsh. The New Economics Podcast is brought to you by the New Economics Foundation. Find out more about becoming a NEF supporter at: neweconomics.org/donate/build-a-better-future New Economics Foundation is a registered charity in England and Wales. Charity No. 1055254