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Posts by Richard Murphy

The global system has failed. What do we need to do next?
The global system has failed. What do we need to do next? YouTube video by Richard J Murphy

The global system has failed. What do we need to do next? youtu.be/Qy2LhaJoJ6s?...

12 hours ago 38 18 0 0
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Is Making Tax Digital going to destroy the UK tax system? Jean-Baptiste Colbert (1619–1683), the Comptroller-General of Finances under Louis XIV of France, is widely credited with saying: “The art of taxation consists in so plucking the goose as to obtain t...

Is Making Tax Digital going to destroy the UK tax system? www.taxresearch.org.uk/Blog/2026/04... An inept tax system could create a massive tax backlash

1 day ago 47 19 4 1
Can your pension savings really keep you in old age?
Can your pension savings really keep you in old age? YouTube video by Richard J Murphy

Can your pension savings really keep you in old age? youtu.be/r4ODMw6IWB0?...

1 day ago 47 22 9 3
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Financial speculation is imposing a heavy price in this war I note this chart of the oil price over the last year.  It comes from the invaluable Trading Economics website. It is correct to Last Friday afternoon. The tumbling price over the last week or so ref...

Financial speculation is imposing a heavy price in this war www.taxresearch.org.uk/Blog/2026/04... How can we end the financial speculation which is exploiting war at cost to society?

2 days ago 68 41 2 4
Why are capitalism and democracy now in conflict?
Why are capitalism and democracy now in conflict? YouTube video by Richard J Murphy

Why are capitalism and democracy now in conflict? youtu.be/WYY7cQz2aZQ?... John Christensen and I discuss the deliberate assault on democracy by neoliberal economics.

2 days ago 35 19 6 1
Why is the Pope the only world leader standing up to Trump?
Why is the Pope the only world leader standing up to Trump? YouTube video by Richard J Murphy

Why is the Pope the only world leader standing up to Trump? youtu.be/u3fbSH9hPrs?...

3 days ago 109 39 15 3
The far right of politics is stoking hate when we need freedom from fear
The far right of politics is stoking hate when we need freedom from fear YouTube video by Richard J Murphy

The far right of politics is stoking hate when we need freedom from fear youtu.be/UxbcWmlRruQ?... What can we do about it?

4 days ago 72 24 1 2
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Why are we still handing massive unearned bungs to UK commercial banks? My old friend Prem Sikka, who now sits in the House of Lords as Lord Sikka, drew my attention yesterday to a couple of answers that he had received to the questions he had asked the UK Treasury. I am ...

Why are we still handing massive unearned bungs to UK commercial banks? www.taxresearch.org.uk/Blog/2026/04... The government paid more than £25 billion to UK banks on balances gifted to them during the Covid era last year. Why, when there are so many better uses for that money?

5 days ago 116 62 3 0
Britain's real enemy is not Iran - it's failed defence thinking
Britain's real enemy is not Iran - it's failed defence thinking YouTube video by Richard J Murphy

Britain's real enemy is not Iran - it's failed defence thinking youtu.be/89VMb7_LuOw?... Lord George Roberston's claim that social security costs are the enemy of defence of the UK reveals his total failure to understand the meaning of defence.

5 days ago 75 32 12 5
MMT v neoliberalism: there is only one winner
MMT v neoliberalism: there is only one winner YouTube video by Richard J Murphy

MMT v neoliberalism: there is only one winner youtu.be/4SMlSqEpfCc?... We are heading into an economic crisis. We can manage it using neoliberal or MMT thinking. Which one will do best?

6 days ago 61 26 2 2
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The real risk of system breakdown There are mornings when I scan the news, reflect on what is happening in the world, and then come up with no connection between what the news is reporting and what I feel is going on. This morning is ...

Rachel Reeves was talking about luring tax exiles to the UK yesterday, when we face a breakdown in food supplies and manufacturing systems. It's time she faced the real risk we face for economic system collapse, thanks to DInal Trump. www.taxresearch.org.uk/Blog/2026/04...

1 week ago 79 33 3 4
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The real risk of system breakdown There are mornings when I scan the news, reflect on what is happening in the world, and then come up with no connection between what the news is reporting and what I feel is going on. This morning is ...

Rachel Reeves was talking about luring tax exiles to the UK yesterday, when we face a breakdown in food supplies and manufacturing systems. It's time she faced the real risk we face for economic system collapse, thanks to DInal Trump. www.taxresearch.org.uk/Blog/2026/04...

1 week ago 31 14 1 0
A far-right hero has been beaten, and everything changes now
A far-right hero has been beaten, and everything changes now YouTube video by Richard J Murphy

A far-right hero has been beaten, and everything changes now youtu.be/m_AplrUQN18?... Is this a tipping point?

1 week ago 80 20 4 2
Trump thinks he’s God, and that should worry us
Trump thinks he’s God, and that should worry us YouTube video by Richard J Murphy

Trump thinks he’s God, and that should worry us youtube.com/shorts/A2JK9...

1 week ago 65 27 2 0
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Stock markets don't fund investment. Why, then, do we worship them?
Stock markets don't fund investment. Why, then, do we worship them? YouTube video by Richard J Murphy

Stock markets don't fund business investment. Why, then, do we worship them? youtu.be/g93iq5wTV-g?...

1 week ago 82 36 7 3
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Only sound argument, good economics, and a politics of care can save us now As I expected, the peace talks between the USA and Iran have failed. Israel did not get as far as reaching the table. Let me be clear: the consequences of this failure could be enormous. That said, t...

Only sound argument, good economics, and a politics of care can save us now www.taxresearch.org.uk/Blog/2026/04... The failure of peace talks is leaving us in a desperate position, here in the UK and across the world. Only sound economics and compassionate politics can save us now.

1 week ago 82 28 1 1
Austerity cannot help us now
Austerity cannot help us now YouTube video by Richard J Murphy

Austerity cannot help us now youtu.be/36sSE2SuA0Q?... We are living through a wartime economic crisis. And our government is choosing not to act. Not because it can't, but because it won't.

1 week ago 94 40 1 3
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How would I vote? I was challenged yesterday to explain how I would vote in forthcoming elections in Scotland for the Holyrood Parliament, in Wales for the Senedd, and in English local authority elections, assuming I w...

How would I vote? www.taxresearch.org.uk/Blog/2026/04... Thoughts on coming elections.

1 week ago 63 27 7 1
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Dynamic pricing: the technology that could deliver massive harm and even famine to the UK The Independent newspaper reported this yesterday: Supermarkets could introduce “dynamic pricing”, allowing them to increase the cost of goods when demand is high, the Bank of England has warned. Consumers are already used to such pricing methods when they use Amazon, Uber or buy tickets for flights or concerts. But it could...

Dynamic pricing: the technology that could deliver massive harm and even famine to the UK www.taxresearch.org.uk/Blog/2026/04...

1 week ago 95 52 8 5
Is the global economy tottering on the brink after war with Iran?
Is the global economy tottering on the brink after war with Iran? YouTube video by Richard J Murphy

Is the global economy tottering on the brink after war with Iran? youtu.be/KQYbNk2BmsI?... I recently sat down with Steve Keen to explore a deeply uncomfortable truth: the global economic system is far more fragile than mainstream economics admits. Watch here.

1 week ago 50 30 2 4
Why has the US had to beg for peace with Iran?
Why has the US had to beg for peace with Iran? YouTube video by Richard J Murphy

The United States did not start peace negotiations with Iran because diplomacy prevailed. It did so because it had no choice. It is running out of weapons.

youtu.be/Jwi4VCmr-7Q?...

1 week ago 124 48 10 5
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The stock market increases inequality, not wealth Those who peddle narratives that have little relevance to reality about the benefits of supposed saving in UK stock exchange-based shares and securities are back in action. As the FT notes today: Asse...

The stock market increases inequality, not wealth www.taxresearch.org.uk/Blog/2026/04...

1 week ago 88 33 4 1
Clinging on to sanity As I noted in this morning's video, I woke up yesterday relieved that genocide had not happened overnight. That is not a sentence I was ever prepared to write. It is not a thought I ever expected to have. And yet it is now part of my lived experience. That fact alone...

Opposing the promotion of fear and hate is our political task now. It is, I suggest, the only way in which we can cling to our sanity. www.taxresearch.org.uk/Blog/2026/04...

1 week ago 225 62 12 2
After the cease fire
After the cease fire YouTube video by Richard J Murphy

Yesterday might mark a turning point in global history, and not because of what happened, but because of what did not.

For the first time in my life, I found myself relieved that genocide had been avoided. That alone tells us how dangerous this moment has become. youtu.be/AD7vxxQm5yY?...

1 week ago 97 25 1 0
Peace in our time? Why the Middle East deal is already doomed
Peace in our time? Why the Middle East deal is already doomed YouTube video by Richard J Murphy

Markets are celebrating a Middle East peace deal. They shouldn't be. This is not peace; it is a US strategic retreat, repackaged as diplomacy. And like Neville Chamberlain's declaration of "peace in our time" in 1938, the optimism is not only premature but also dangerous. youtu.be/baR3z0sXgDg?...

1 week ago 86 28 6 1
Why this may not be peace: the illusion behind the Middle East deal
Why this may not be peace: the illusion behind the Middle East deal YouTube video by Richard J Murphy

A supposed Middle East peace plan is being celebrated today.

Markets are rising. Oil prices are falling.

But what if this is not peace at all? In this video, I explain why optimism may be dangerously misplaced, and this may not be the end of the conflict.

youtube.com/shorts/1HoTj...

1 week ago 62 23 3 5
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This war is a long way from over as yet As I have already noted this morning, Donald Trump appears to have conceded that the USA has suffered a major military defeat in its war, in collaboration with Israel, against Iran, which has dominate...

This war is a long way from over as yet www.taxresearch.org.uk/Blog/2026/04... Even if we do have a ceasefire this morning, the consequences of this war will last for decades, and we might all pay the price for that.

1 week ago 81 28 2 2
Are we going backwards? Why that seems to be the case in politics
Are we going backwards? Why that seems to be the case in politics YouTube video by Richard J Murphy

Are we going backwards? Why that seems to be the case in politics youtu.be/lKldbhCt5Hc?...

1 week ago 43 16 1 0
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Has Trump surrendered? We woke up to talk of a ceasefire this morning. According to The Guardian: The US and Iran agreed to a two-week conditional ceasefire on Tuesday evening, which included a temporary reopening of the st...

Has Trump surrendered? www.taxresearch.org.uk/Blog/2026/04... Trump threatened genocide yesterday, before backing down last night in a humiliating indication of perhaps the biggest US military defeat in its history if this peace deal does last and is confirmed.

1 week ago 47 17 1 0

Trump is threatening genocide and King Charles is still planning a state visit to see him. Why, oh why, oh why? Has he really got such low self worth that he won’t tell Starmer where to get off? It’s time to refuse to obey orders.

2 weeks ago 236 67 16 0
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