Funding the Future

Funding the Future

Richard Murphy and occasional friends talking about everything you need to know to understand the economy, tax, finance and how we fund our future.

Episodes

December 27, 2025 6 mins

Everything tends towards decay unless energy is applied. That is not ideology – it is physics.

In this Christmas lecture, I explore light through the lens of entropy and explain why care, maintenance, and public services are not optional extras but survival mechanisms.

Austerity withdraws energy from our systems. Neoliberalism assumes self-maintenance. Both are wrong.

If we want societies to endure, we must invest in care – because...

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Every economy runs on light. That is not a metaphor – it is physics.

Without light, there is no life. Without life, there is no labour. Without labour, there is no economy. Yet modern economics behaves as if energy, health, and human limits do not matter.

In this Boxing Day video – part three of my Christmas series on light – I explain why labour is transformed solar energy, why burnout is an energy failure, why infinite growth on ...

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December 25, 2025 5 mins

At Christmas, cultures across the world speak of light returning. This is not theology or astronomy. It is about survival, hope, and responsibility in hard times.

In this video, I explore how wisdom traditions — Christian, Jewish, Buddhist, Islamic, and Indigenous — understand light as care, presence, and justice. And why modern capitalism inverts that meaning, treating wealth as light and poverty as darkness.

This is the Christmas...

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December 24, 2025 5 mins

This is the first in a six-video Christmas series exploring light not just as a festival symbol but as a political and economic necessity.

Light has always meant understanding, truth, and freedom. Darkness, by contrast, protects power and privilege.

In this video, I explore why learning is never neutral, why ignorance is often designed, and why economics that cannot be explained cannot be trusted. If democracy requires informed con...

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December 23, 2025 6 mins

As Christmas approaches, many people ask what they want.

But there is a more important question we should be asking: what did we need – and not get?

In this video, I look at the UK’s real economic failures over the last year:

  • persistent poverty
  • housing insecurity
  • untreated illness
  • a hidden personal debt crisis
  • rising political hostility

These are not marginal problems. They are systemic failures of economic policy and po...

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December 22, 2025 6 mins

As Christmas approaches, I reflect on my word of the year: pleonexia — an ancient Greek term describing the insatiable desire to take more than your fair share, even when it harms others.

Once you understand pleonexia, you start to see it everywhere: in big tech, in bond markets, in tax avoidance, and in government policy that treats human suffering as an accounting inconvenience. This video argues that much of what we excuse or de...

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December 21, 2025 10 mins

The push for wealth taxes has been one of the defining economic debates of 2025. The question now is whether we want policies that work.

In this video, I argue that the fastest, fairest way to tax wealth is through higher taxes on the income, gains and transfers that wealth generates — not through complex and slow-to-deliver wealth taxes.

This approach raises more revenue, strengthens compliance, exposes hidden wealth, and keeps op...

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December 20, 2025 5 mins

Christmas is economically strange. We stop working. Spending surges. Profit stops mattering. Time off is normalised. Family and care come first.

And we accept all of this without question.

That should make us pause. Because if we can suspend the rules of economics at Christmas, then those rules were never inevitable in the first place.

This video is not about religion or ritual. It is about what the Christmas season reveals about o...

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December 19, 2025 20 mins

Is the NHS really in crisis because of money — or because we are asking the wrong question altogether?

In this video, I argue that the central failure of the NHS is not underfunding alone, but the way illness itself has been turned into a consumer product. Chronic conditions now dominate healthcare, patient demand has exploded, and pharmaceutical profits shape treatment pathways, often at the expense of prevention, patient agency, ...

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December 18, 2025 15 mins

Is tax theft? Many people think so — and that belief shapes how we vote, how we treat public services, and how democracy functions.

In this video, I explain why the popular claim “it’s my money, why should the government take it?” is based on a fundamental mistake. Income does not exist before the state. Jobs, wages, money, contracts, and property rights all depend on government systems that come first.

Tax is not punishment. It is...

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December 17, 2025 12 mins

Most people think that economics is about money, that government spending is constrained by tax, and that public services must always come second to “balancing the books”.

All of that is wrong.

In this video, I explain why money is not scarce, why governments create it, and why treating money as the central economic constraint has led to unemployment, inequality, wasted lives and environmental damage.

Economics is not about money.

...

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December 16, 2025 13 mins

Inequality is not an accident. It is not natural. And it is not inevitable.

According to the United Nations’ World Inequality Report, inequality results from deliberate political and institutional choices. This video explains what that means for the UK – and why extreme concentrations of wealth now threaten democracy, climate stability, and social cohesion.

I examine the evidence behind the report, the role Britain has played in de...

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December 15, 2025 11 mins

For 50 years, Western politics has rested on a single promise: growth.

But what if that promise can no longer be kept?

In this video, I ask a question almost no politician dares to face: what happens to democracy when growth flatlines permanently? I explore stagnant wages, finance-driven “growth”, asset bubbles, pensions, public services, and the political risks of a collapsing economic myth.

If growth cannot return, we must change...

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December 14, 2025 12 mins

Chief executives in the UK and the US are now paid hundreds of times more than the people who actually create value in their companies. This is not innovation or entrepreneurship – it is extraction.

In this video, I explain why extreme executive pay is a driver of inequality, weak productivity, falling morale, and political corruption. I also show how tax can be used not to raise revenue, but to change behaviour – by making excessi...

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December 13, 2025 7 mins

Has Donald Trump effectively declared war on Europe? His recent statements suggest exactly that.

In this video, I explore how Trump’s racist rhetoric, his support for far-right parties, and his attacks on migrants are being used to divide Europe at the very moment inequality and social pressures are rising.

Migration is not destroying Europe. Racism is.

And when racism is normalised, democracy crumbles.

This is the defining politic...

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December 12, 2025 14 mins

Most people believe the national debt is a danger to our economy. In this video, I explain why that story is wrong. National debt isn’t a burden; it is our money supply. Every pound, dollar, euro or yen in circulation exists because governments run deficits that create the currency we all use.

So if every country is in debt, who owns it? The answer is revealing. More than 80% of global government debt is privately owned — and large...

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December 11, 2025 12 mins

What can ordinary people do if the financial crash many economists fear is coming?

In this video, I explain some practical, calm, and sensible steps to improve your financial resilience without panic and without doom-mongering.

From securing savings and pensions to food security and holding a little cash, these tips help you think ahead when the government won’t.

 

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December 10, 2025 10 mins

Six months on, this video is as relevant as when we first made it, except a crash is probably nearer now. 

 

Every time stock markets drop, headlines say that billions have been lost. But where does that money actually go? If you want to understand crashes, confidence, and the baked bean market (trust me), this one’s for you.

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December 9, 2025 14 mins

Too many campaigners talk about what’s wrong, but never explain what must change or how it could happen.

Real campaigning means finding solutions: identifying causes, proposing reforms, and then doing the maths on the finances to show how they would work in practice.

In this video, I explain what effective campaigning looks like, why technical detail matters, and why those who want real social and economic justice must deal with fu...

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December 8, 2025 16 mins

People feel politics has nothing to do with them — and they’re right to feel ignored. In this video, I explain why our democracy is failing, why so many feel powerless, and how we can put people back in charge. From proportional representation to revived local democracy and citizens’ assemblies, this is a practical plan to rebuild trust and participation.

If you believe politics should serve the public, not the powerful, this is th...

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