Ten years after the great financial crisis, markets are again booming, but as are levels of debt and leverage. Is this a cause for concern or have policymakers fixed the fundamentals? Has complacency lead investors to take on greater risks or have they learnt the lessons of 2008? Is Brexit a blip as the Eurozone is actually in rude health? Or are the fault lines increasingly clear but papered over? As volatility returns to markets. We ask: what lies beneath the global economy? Joining us to work out what is really going on in the markets and the wider global economy, is investor, hedge fund manager and author of Planet Ponzi, Mitch Feierstein.
Coming up this week, we talk to political scientist, André Krouwel about the revolution the internet has failed to bring about, and how inequality is being exacerbated by our tax systems. Tune into Renegade Inc. on RTUK, on Monday the 5th of February at 7.30am, 1.30pm, and 6.30pm, or stay glued to the website for upcoming episodes.
Universal Basic Income (UBI) is one of those ideas that has divided public opinion into two opposing camps: Those who think it would result in disaster, as humans cannot be trusted. The other camp feels that a UBI would be liberating, allowing people to concentrate on the important things in life, not just earning a living. Rutger Bregman is a writer, widely acclaimed for his book, Utopia for Realists. In it, he champions Universal Basic Income and a 15 hour work week. So, we went to the Netherlands to ask him if the time for these ideas has arrived.
As a busy year draws to a close we want to look back at those people who’ve inspired and enlightened us in 2017. Coming up this week is the first of two shows we take a whistle-stop tour around the thinkers, writers, doers and Renegade types we met during 2017. Tune into Renegade Inc on RTUK, on Monday the 25th of December at 7.30am, 1.30pm, and 6.30pm, or stay glued to the website for upcoming episodes.
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’.