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Funding the Future

Funding the Future

By: Richard Murphy
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Richard Murphy and occasional friends talking about everything you need to know to understand the economy, tax, finance and how we fund our future.Copyright 2023 All rights reserved. Political Science Politics & Government
Episodes
  • The Pope vs Trump
    Apr 18 2026
    Donald Trump is waging a war that will actively harm the poorest people on earth, and the world's political leaders are almost entirely silent in response. The exception is the Chicago-born Pope, who has issued fearless, gospel-based criticism of Trump's actions, while the UK government plans a state visit to the USA for King Charles, Labour's Deputy Prime Minister is meeting JD Vance, and the new Archbishop of Canterbury has said nothing worth noting.

    This is not a failure of courage alone. It is the result of a structural failure in neoliberalism. When an ideology reduces all human decisions to those around wealth accumulation and treats morality as an economic externality, like climate change, and so as something to be ignored, it inevitably produces politicians who literally cannot make ethical judgments. Right and wrong become irrelevant categories. Ends justify the means. And the poor pay the price.

    The Pope's message is of good news for the poor and freedom for the oppressed. Trump's agenda is the precise opposite. That one religious leader can see this clearly while secular governments cannot tells you everything about what neoliberalism has done to political life, and why reclaiming ethics as the foundation of politics is not a religious question. It is an urgent economic and social issue.

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    13 mins
  • We need freedom from fear
    Apr 17 2026
    The core purpose of government is to provide freedom from fear. That means freedom from physical threat, Freedom from want, freedom from discrimination and freedom from the deliberate chaos that destroys the social fabric on which democracy depends. That is what government is for. And right now, in the UK and across the Western world, government is doing the precise opposite.

    The far-right has a strategy. It is not chaos by accident. It is chaos by design. Disorder is their desire. Crisis creates their opportunity. Division, whether between communities, between religions, or between nations, is the mechanism by which an authoritarian minority dismantles the institutions that protect the majority. And it has been working, not because the far-right is powerful, but because too few are stopping it.

    It is something called traditionalism that is driving this. Steve Bannon promotes it. Liz Truss travelled to a US conference to sell it, using the phrase "Europestan" to describe the continent where she lives. Traditionalism rejects Enlightenment thinking. It rejects equality. It rejects democracy. It promotes hierarchy, privilege, and the restoration of a pre-democratic order. It is fascism with better branding. And it is now operating inside mainstream political parties.

    In this context, the danger is that democracy in the UK is already weakened by an electoral system that can return governments rejected by the majority of voters, by institutions that were designed for a different century, and by a political culture that mistakes caution for neutrality. The far-right's chaos strategy is not meeting effective resistance as a result.

    This video explains how that strategy works, why traditionalism is the intellectual cover for fascism, and what a genuine politics of freedom from fear would look like in contrast.

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    9 mins
  • Who is Britain's real enemy?
    Apr 16 2026
    Lord George Robertson - a former Labour defence secretary, and former Secretary General of NATO - has made a claim about the UK's defence capability that is not merely wrong; it is dangerously wrong. His argument is that the Iran War now justifies higher defence spending, and that social security is the obstacle standing in the way of a proper defence strategy for Britain. This video explains why that argument is the precise inversion of the truth.

    Defence is not about weapons, budgets, or protecting elite interests overseas. Defence is about protecting people. It is about ensuring people enjoy freedom from fear, including from physical threat, from poverty, from want, and from the social instability that erodes the fabric of a nation from within. By that definition, which is the only definition that actually serves the majority of British citizens, social security is not the enemy of defence: it is the foundation of it.

    Consider what a serious defence requires. You need a fit population. You need people who are healthy, well-nourished, mentally resilient, educated, and able to serve.

    You do not build that population by cutting the systems that feed children, heat homes, and provide security in times of illness and unemployment. You destroy it.

    Cut social security, and you cut the recruitment pipeline for the armed forces themselves. You weaken national resilience precisely when you claim to be strengthening it.

    The statistics make the scale of the real threat plain. 14.2 million people in the UK live in poverty. 4.5 million of those are children, which means 31% of children in this country live in poverty, and 3.6 million of those children go without heating, food, a secure home, or adequate clothing on a regular basis.

    Britain is not primarily threatened by Iran. It is threatened by poverty, by inequality and by the political failure that allows 3.6 million children to suffer preventable deprivation in one of the wealthiest countries in the world. Robertson's neoliberal framework cannot see this because it fragments defence into a single military budget line, disconnected from the social infrastructure on which any genuine national resilience depends.

    The economist John Maynard Keynes also understood something in the last century that Robertson has forgotten. Keynes managed the UK's economy during two World Wars. His principle was clear: in a time of national crisis, the burden of sacrifice must fall on those most able to bear it - who are the wealthy - and not on the poorest. To demand that the most vulnerable people in Britain pay for a defence strategy they will never benefit from, as Robertson is demanding, is not just unjust; it is economically irrational, strategically dangerous, and the precise opposite of what is required right now.

    Social security and military defence are not in a political trade-off. They are mutually dependent. You cannot have one without the other. This video explains why Lord Robertson is dangerously wrong, why Britain's greatest threat comes from within, and what a defence strategy that actually defends people, rather than elite interests, would look like.

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    13 mins
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