The last four decades have been a roller-coaster ride for economic liberalism. Riding high from the early 1990s, falling trade barriers boosted international trade, integrated countries such as China into the global economy and significantly reduced the number of people in absolute poverty. Developments in technology ‘supercharged’ these impacts, radically altering our lives as workers and consumers. In this interview, Peter Urwin speaks to economist Vicky Pryce about where it all went wrong – is the rise of populism simply a reaction to the 2007-08 financial crisis, or is it a wider backlash against liberalism? Not everybody welcomes the changes brought about by globalisation, and change always implies disruption – is there a case for government compensation, targeted at those who bear the brunt of disruption and are less able to take advantage of the gains from liberalisation?
This is Money with Georgie Frost, editor Simon Lambert and Pensions reporter Tanya Jeffries. In this week's episode: Deal or no deal? It’s crunch time for Brexit – but where is it all heading? Does anyone know?! So is it time to batten down the hatches, or should you be greedy while others are fearful? Also today – the end of the road for the WASPI campaign after losing a landmark case at the High Court? But we do have some good state pension news… Plus all change at the top – as Tesco gets the Boots and rags to riches motors, what are the classics of the future?
In this episode of Policy Matters, hosts Matt Dickson and Franz Buscha talk to Sam Friedman, Associate Professor of Sociology at the London School of Economics and a member of the Social Mobility Commission. Sam explains his recent research highlighting how those from working class backgrounds find themselves earning less than colleagues from more privileged families, even when they have the same qualifications and work in the same elite professions. Going beyond the numbers to understand this ‘class pay gap’, Sam describes the numerous interviews he undertook with elite professionals from different backgrounds and what this revealed about the hidden mechanisms that operate, often rewarding privilege rather than merit or ability. The discussion then moves on to the dominance of private schools – and especially a particular group of private schools – in the elite strata of society and considers the sorts of policies that might help to make Britain a more meritocratic society.
The polls show that while previous generations became more conservative with age, millennials are staying left wing for longer. And age and education now seem to be the big dividing line in our politics, replacing class as the key division. So what’s going on? And what are the political implications of Generation Left? That’s our big question on the Weekly Economics Podcast this week and to help us answer it, Ayeisha is joined by Keir Milburn, author of Generation Left, and lecturer in political economy and organisation at University of Leicester, and Shelly Asquith, a political advisor at Unite the Union.
In this episode of Policy Matters, hosts Franz Buscha and Matt Dickson discuss the recently published ‘Augar Review’ of Post-18 education and funding; explaining what it is, how it came about, and what the main recommendations are. Franz and Matt consider the impact changes the HE funding system might have on students, in particular whether this would be a good or bad thing for social mobility, and whether or not politics may intervene to prevent these recommendations being implemented in any case. In light of recent public debate around whether social mobility should even be a policy objective, the discussion moves on to considering what social mobility entails and how it relates to the broader concept of social justice.
It’s been a busy year for the climate movement since last summer’s scorching heatwave. Extinction Rebellion shut down the streets, the school strikes saw thousands of young people take a stand, and the Green New Deal has shot to the top of the political agenda – for now, at least. Last month Parliament passed a motion to declare an ‘environment and climate change emergency’. Meanwhile, Theresa May is trying to use the last weeks of her premiership to build some sort of legacy, including a new target for net zero climate emissions by 2050. So, against that backdrop, what should the climate movement do next? Ayeisha Thomas-Smith is joined this week by Hannah Martin from Greenpeace and Green New Deal UK.
It’s been 4 years since Kirsty Styles and James Meadway told the story of neoliberalism, from Hayek to Thatcher to the end of history. But now, the band is back together, alongside NEF chief executive Miatta Fahnbulleh. It’s 2019, the world is on fire, and it’s time to change the rules.
New Economics Foundation ran in 2015 a series where they tell story of neoliberalism, from the beginning. They call it A Beginner’s Guide to Neoliberalism and it is as relevant as ever. It’s presented by the journalist Kirsty Styles alongside James Meadway, who at the time was chief economist at the New Economics Foundation.
New Economics Foundation ran in 2015 a series where they tell story of neoliberalism, from the beginning. They call it A Beginner’s Guide to Neoliberalism and it is as relevant as ever. It’s presented by the journalist Kirsty Styles alongside James Meadway, who at the time was chief economist at the New Economics Foundation. In this fifth episode, James Meadway and Kirsty Styles discuss how neoliberalism lives on today.
New Economics Foundation ran in 2015 a series where they tell story of neoliberalism, from the beginning. They call it A Beginner’s Guide to Neoliberalism and it is as relevant as ever. It’s presented by the journalist Kirsty Styles alongside James Meadway, who at the time was chief economist at the New Economics Foundation. In this forth episode, James and Kirsty explain how neoliberalism took hold in the UK in the 1980s.