Sunday Papers: Mainstream economists live in a parallel universe

Economics and the schools that teach it have been wrong for such a long time that its students have collectively embraced a mythical model that does not account for the role of money, banks, debt or land.
Renegade economist and friend of the show, Professor Steve Keen recently took the stage at the Sunday Papers event in London to discuss what you’re not being told about the global economy.

Are the Kids Alright?

The days of the job for life, gold watch and a long and comfortable retirement are long gone. Ironically, today’s Western curriculum, which has barely changed for a century, continues to prepare pupils for a standardized world. How does a stagnating education system reinvent itself to equip students to solve new problems and prepare them for a workplace that doesn’t yet exist? Ross Ashcroft is joined by the chief executive of the Chartered College of Teaching, Professor Dame Alison Peacock, and educator and writer Graham Brown-Martin.

Bailiff Britain

The privatisation of debt collection in Britain has resulted in a boom for the bailiff industry of such massive proportions it would make Al Capone blush. Over 300 UK local authorities outsourced their debt collection to private bailiffs in 2014-15. More than two million debt collection referrals took place over that 12-month period, which works out to more than six new debt enforcement instructions every minute. This is why the industry is seeing double digit growth year-on-year. But at what social cost?

Doughnut Economics

November 2008, Queen Elizabeth visited the London School of Economics and asked why no economist saw the financial crisis coming. Since that exchange, the realisation has dawned on many that it is the discipline of economics itself that is the problem. Until economics is fixed, mainstream economists will continue to fly blind. And we will continue to foot the bill. Economist and author of ‘Doughnut Economics’, Kate Raworth, calls for ‘an economics reformation’.

The great British housing sell-off

The gradual privatisation of social housing has turned Britain’s housing market into a postcode lottery that unfairly marginalises those who can least afford it. Successive UK governments have applied free market economic principles which have decimated our communities. This week on Renegade Inc we are joined by filmmaker, Paul Sng, and author and sociologist, Lisa McKenzie, to discuss how to stop the great British housing slump.

‘Good leaders make you feel safe’ – Sinek

Good leaders are like good parents: You wouldn’t simply cut your kids’ allowance the minute their academic performance starts to suffer, so why would you do the same to your workforce, expecting different results? Creating trust and safety — particularly in an uneven economy — means taking on big responsibility. Read on to discover companies who didn’t simply begin slashing their workforces the minute the writing was on the wall.

Aid programs keeping countries in poverty

For every dollar of aid poor countries receive, they lose 10 dollars to multinational tax havens. They pay around $200 billion per year in debt service to banks in rich countries. Writer and anthropologist, Jason Hickel whose book, ‘The Divide’, debunks the myths around inequality and poverty, joined co-founder and presenter Ross Ashcroft on this week’s episode of Renegade Inc to discuss why aid programs are deliberately keeping 60% of the world’s population in poverty.

Britain’s Private Debt Problem

Contrary to political group think it was actually access private debt not public debt that brought the economy crashing down. But today private debt is again raging and nobody seems to want to address the issue. On the 10-year-anniversary of the Global Financial Crisis, anthropologist and author, David Graeber and former chairman of the now abolished Financial Services Authority, Lord Turner sits down with co-founder and presenter, Ross Ashcroft, to discuss what is preventing us from talking about the taboo that is Britain’s private debt problem.

‘Never have we been more accessible & more disconnected from the lives of others’

Award-winning journalist and broadcaster, Jon Snow says The Grenfell Tower disaster is a demonstration of the elite’s failure to engage with the lives of those on which they report. The explosion of digital media may have filled the void left by the decimation of the newspaper industry, but it has not connected the Fourth Estate any more effectively with the left behind, the disadvantaged and the excluded.

‘It’s ok to not fit in’ – Oliver Stone

Oliver Stone, Hollywood director, producer, writer and documentary-maker used his opportunity while accepting a Writers Guild of America Award to take aim at the system which has produced institutional nation-building to further American interests, and encouraged young writers to be bold, brave and stand-out against the crowd.

All is not as it seems in Venezuela: Western media deception

An opposition backed by Exxon Mobil, a failed military coup, staged photos designed to create the perception of a failed state: Foreign powers have conspired to create the perfect conditions for yet another western ‘humanitarian’ intervention, this time in Venezuela. Former US Army solider turned documentary-maker, Mike Prysner, says the reality is very different from what we are being fed by the western press.