The world’s anti-migration shift to the right

The world’s anti-migration shift to the right

Phil and Steve confront the global surge in anti-immigration rhetoric and right-wing political momentum, tracing its roots to the structural failures of neoliberalism rather than the actions of migrants themselves. Steve dissects how decades of fiscal paranoia, deregulation, and slashed public spending on health, welfare, and education systematically eroded working-class security, turning migrants into easy scapegoats for falling real wages and housing shortages. They evaluate how corporate-led migration has been historically weaponized by business elites to depress labour costs at the expense of local training, while contrasting the economic benefits of "capital deepening" through technology against raw "capital broadening" through rapid population expansion. Ultimately, it paves the way for Pauline Hanson and Nigel Farage tocapitalise on very real working-class anxieties, but their adherence to the exact same deficit-obsessed economic playbooks will only invite further structural chaos.

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Episoder(517)

Do we actually need bonds?

Do we actually need bonds?

There’s only one reason a government issues bonds. It’s so their account with the central bank is not overdrawn. It’s only regulation that stops the central bank from saying a rapidly expanding defici...

13 Aug 40min

A reality check on bonds and government spending

A reality check on bonds and government spending

A listener (Doug) left a comment on YouTube saying I assume Phil intends to play "devil's advocate" when he speaks as though taxes are necessary for money issuance by governments with sovereign curren...

4 Aug 53min

AI, inequality and basic income

AI, inequality and basic income

Phil happened upon a book to Australian economist Joshua Gans (and Andrew Leigh) called Innovation & Inequality – how to create a future that is more Star Trek than Terminator. He discusses some of th...

29 Jul 44min

The Burnham Factor

The Burnham Factor

Andy Burnham is now the British Prime Minister but, Phil asks, aside from convening cabinet meetings in the north, will he do anything different to his predecessor. No, he will follow the same neoclas...

21 Jul 45min

The unrelenting progress of winner takes all economics

The unrelenting progress of winner takes all economics

This week Phil and Steve talk about the staggering accumulation of capital, which has ratcheted up since the pandemic. In the US the top 0.1 percent of companies hold 88 percent of all corporate asset...

17 Jul 41min

Too slow for zero?

Too slow for zero?

This week Phil and Steve confront the mathematical and environmental reality of a "zero growth" future, sparked by a debate over the deflationary traps of finite currency systems like Bitcoin. Steve t...

7 Jul 42min

Challenges for the reserve currency

Challenges for the reserve currency

How much longer can the United States rely on the US dollar to dominate the global financial system, and what happens when the cracks finally start to show? In this week's Debunking Economics podcast,...

2 Jul 39min

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