Best Phil Dobbie Podcasts (2024)

1
A Matter Of Life And Death 36:17

1h ago36:17

36:17

Should we be allowed to take our own lives? Should doctors or friends be allowed to help us? For the first time in a decade, MPs have a bill to consider on assisted dying. Parliament and the cabinet is split, and there are vigorous campaigns on both sides. Will it open the door to euthanasia for convenience, with old people and the disabled pressur…

1
Tariffic Trump 40:08

2h ago40:08

40:08

At least half of America is elated with its new choice of President. Money is already flowing into the country, with early gains on the NYSE and the dollar shooting higher in value. Tariffs will be front and centre early in the new Presidency, with Trump describing Tariffs as “a beautiful word” recently. But will it have the intended effect. Could …

1
Getting Ready For The Storm 34:58

2h ago34:58

34:58

How ready are we for the results of climate change? While leaders talk at COP29 about lessening global warming, some of the extreme weather predicted by scientists is already here. The hundreds dead in the Valencia floods suggest governments need to do more to keep us safe. Do we need to build differently, or live in more secure places? Can we be a…

1
Milking inheritance 39:07

23h ago39:07

39:07

The UK Labour party seems top have scored another own goal, with their inheritance tax on family farms. Previously farms were exe pt from inheritance, but that meant wealthy landowners, with massive stately homes set in sprawling estates could buy a few sheep and claim they were a farm. Hence, the government limited the exemption to properties wort…

1
The Sum of All Fears 43:01

8d ago43:01

43:01

The Donald is back. Another Trump presidency - with a Republican-dominated congress. So how will a world that looks back on 2016-2020 and shudders, deal with a volatile, unpredictable narcissist, who is now also convicted felon, in the White House? What will it mean for Ukraine, for Gaza, for China, for Europe? Paul Whiteley, Emeritus Professor of …

1
The economics of irresponsibility 38:46

8d ago38:46

38:46

The classical economic assumption, from the days of Adam Smith, is that we all have free will and this freedom ensures the best possible outcomes for the economy, provided those decisions are based on greed and self-interest. This week’s episode opens with a student questioning Milton Friedman about the freedom of a man who couldn’t afford to pay h…

1
The US Election - An American Horror Story? 37:19

21d ago37:19

37:19

Just days from one of the most divisive and consequential elections in US history, what are the chances of a second Trump presidency, or the first woman being installed in the White House? And how true are the alarming predictions of what it might mean for America and for the world? Dr Thomas Gift, Associate Professor of Political Science at UCL an…

1
Britain’s capex crisis and how to fix it 45:31

16d ago45:31

45:31

Ever wondered why Britain’s roads are riddled with potholes, why the trains keep breaking down and why there aren’t enough hospital beds? Simple. Britain is not making enough capital investments. Taking the public and private sector together, it amounts to about 6 percent of GDP, well below the 22% in the US - which has its own infrastructure probl…

1
Not Budging on the Budget 40:25

24d ago40:25

40:25

Hard times and hard choices, but the Chancellor, Rachel Reeves, seems determined to inflict pain on consumers, taxpayers and businesses in the short term, to plug what she says is a £40bn hole in the nation's finances. But does she need to? And is she going to hit the right targets, given that she has boxed herself in by committing not to raise inc…

1
Co-ops change the game 31:49

22d ago31:49

31:49

Steve Keen says he builds his economic model based on the motivation of three types of actors. First, the worker, who wants to maximise his or her wage. Then there’s the capitalist who wants to maximise profits. And the financiers who wants to lend out as much money as possible with the best possible returns. How does Steve’s model change if most b…

1
Nips and Tucks 37:14

1M ago37:14

37:14

Why do so many of us opt to go under the knife to change our appearance? Cosmetic surgery is having a boom, with injections as well as scalpels and offering cheaper and barely-regulated treatments. It can be dangerous as well as pricey, and often ineffective, so why do it? Is it down to a distorted perception of beauty, conditioned by social media …

1
The cycles of the economy 36:31

29d ago36:31

36:31

What causes an economy to fall from a peak? Many economists will argue it’s exogenous shocks but, as Phil and Steve discuss, there’s not too many of those around. Maybe COVID was one, but even that came about because our economic system has drawn us closer to wildlife habitats. Or is it a lack of resources? We run out of capacity to produce more, w…

1
Middle East On The Brink 40:19

1M ago40:19

40:19

A year after October 7 and the landscape shaped over decades is irrevocably changed - Palestinians and Israelis killed in unprecedented numbers, Hezbollah and Hamas decapitated, Iran humiliated. And no end in sight to the bloodshed and destruction. So where have the pieces fallen? What chance of any kind of ceasefire on any front?What hope for the …

1
The War Dividend 36:58

1M ago36:58

36:58

It’s a sad fact that war can pay. The US arms industry is one major beneficiary. The UK is a long way behind, but it also a big supplier of armaments to the world. If governments of the world upped their defence pending to 3 percent of GDP that would see a massive increase in demand for weaponry. In Britian’s case it could re-engage the manufacturi…

1
Blue Funk 35:26

2M ago35:26

35:26

The Tory ship seems rudderless, and the vote for a new captain less than enthralling. After their underwhelming Birmingham conference, what hope is there for the Conservatives - hitherto the most successful political organisation in Europe? With the fewest MPs in its history, and missing many of the former big beasts of Toryism, does the party’s sa…

1
Have marketers made Marx surplus to requirements? 36:26

1M ago36:26

36:26

Phil tells Steve that he’s always struggled with Karl Marx’s idea of surplus value. The idea that workers work for themselves, then a bit more to create the profit for a business. Phil says, that seems like a cost-plus approach, whereas in his marketing days, it was all about creating a brand that people would pay more for. The extra value was crea…

1
The Love Labour’s Lost 39:41

2M ago39:41

39:41

The Labour Party in government for the first time in 14 years, but this week’s party conference seemed an exercise in damage control rather than celebration - delegates voting against the cabinet on winter fuel payments, and cabinet ministers having to announce they won’t accept any more free clothes or glasses. How did the honeymoon end so soon? O…

1
Why is the US economy doing so much better than Europe? 35:53

2M ago35:53

35:53

Europe and the US are both recovering from the same problem – COVID and the inflation that followed. But last week the Fed in the US dropped interest rates by half a percent, with markets expecting a soft-landing for the US economy. Europe, meanwhile, is struggling, with Germany’s economy heading backwards for more than a year. So, when the big dif…

1
Just Grow Up - The Infantilisation Of Our World 42:21

2M ago42:21

42:21

Are we all failing to become adults? Does the world treat us as if we need to be told to carry a water bottle on a train, or hold onto a handrail, or that a bag of nuts may contain…. nuts? The way our politics and culture like simple messages and avoid challenge or risk or complexity suggests to some that we are becoming an infantile society, incap…

1
The Aggregate Problem 34:29

2M ago34:29

34:29

The UK’s unemployment rate is 4.1%, the inflation rate is growing at 3.1% and the economy is growing at 0.6% quarter on quarter. That’s how the economy is doing, what more do we need to know? Well, it would be useful to know whether the unemployed are predominantly in certain income groups, or that income growth was greater in particular parts of t…

1
Exit X? Curbing Social Media 43:58

2M ago43:58

43:58

X banned in Brazil. The boss of Telegram detained in France. Is state power finally moving to curb the big social media sites? There’s been a lot of talk about reining-in X, TikTok, Instagram, Snap and the rest, but have governments now decided make the sites accountable for the harm they cause - misinformation, child abuse and societal division? O…

1
We fought the pandemic and the war won 36:59

2M ago36:59

36:59

The pandemic was the biggest economic disturbance since the second world war. In both cases supply chains were severely disrupted, either by German U-boats or, more recently, factories and borders closed to stop the spread of disease. On the face of it, though, we have got off relatively Scot-free. We haven’t seen the massive fall in GDP experience…

1
UK/EU - A Closer Disunion? 39:37

2M ago39:37

39:37

Keir Starmer is pushing for a reset of relations with the European Union, but has ruled out rejoining in his lifetime. So how close can or should the UK get? How welcome is Britain in Brussels after all the Brexit grief? And does the changing tone of public opinion here mean he can easily get past the toxicity of Brexit for both the Labour Party an…

1
Disposable Jobs 37:02

2M ago37:02

37:02

A couple of years ago, when warning of the need to fight inflation, Jerome Powell, Governor of the US Federal Reserve says interest rate would rise and jobs might disappear. Yet, interest rates have risen, and unemployment hasn’t fallen anywhere near as much as expected. So, what’s going on? Does it mean, thankfully, that monetary policy isn’t work…

1
Central Banks - Power Without Reponsibility? 35:55

3M ago35:55

35:55

Interest rates, inflation, monetary control. What is it that central bankers actually do - and are they the right people to be doing it? The last decades have seen huge turbulence in the global economy - the Great Recession, then post-Covid inflation, so is the system working? Is it right that a political decision - balancing price-rises against th…

1
The Old Age Liability 39:13

3M ago39:13

39:13

Some call it the silver tsunami. The wave of old people putting pressure on government budgets. And, as baby boomers retire and young people produce less and less children, western populations will continue to age. That means less productive capacity and more people dependent on welfare. On today’s podcasts Phil & Steve talk through the three optio…

1
Kamala’s Coronation 39:20

3M ago39:20

39:20

Happy days are here again for the Democrats, as their new candidates gear up for the US presidential election. But does the razzmatazz conceal a weakness on the ticket that will be exposed once Harris and Walz have to face hostile interviewers? Dr Thomas Gift, Associate Professor of Political Science at UCL and founding director of the Centre on US…

1
Could stubborn central banks drive us to debt deflation? 35:26

3M ago35:26

35:26

The last time interest rates were this high they came down rather fast. This time central bankers are determined to manage a slow unwind and deliver a return to growth without wreaking havoc on the economy. Will they be successful? This week Steve Keen argues the high interest rates are inflicting damage without treating the problem. Inflation is b…

1
Getting It Right On The Far Right 39:03

3M ago39:03

39:03

Riots and disorder on a scale Britain hadn’t seen in a decade, but then the streets re-taken by anti-racist crowds - what to make of what happened after the Southport stabbings? Keir Starmer said the white men throwing rocks and setting fire to hotels were “far right”. Was he correct? And what does “far right” mean? Is it a coherent political force…

1
It’s not complicated! Doyne Farmer on a Better Economics for a Better World 54:02

3M ago54:02

54:02

Complex systems don’t have to be complicated to provided deep insights into the real world. That’s the view of Doyne Farmer, special guest on this week’s podcast. It’s an approach he shares to economics with Steve Keen. Steve develops systems from the top-down, whereas Doyne’s work focuses on agent-driven bottom-up modelling. But they arrive at sim…

1
Universities In Crisis 38:14

3M ago38:14

38:14

As students get ready to see if their A levels match up to their offers, how sure can they be the universities will still be there to award their eventual degrees? Higher education is in something of a financial crisis - not enough money from fees, not enough foreign students to make up the shortfall, and the best academics heading abroad for highe…

1
Debt, savings and investments – how they really work 37:21

3M ago37:21

37:21

It’s curious isn’t it how we talk about household savings, rather than net debt. Many people do have money squirreled away in savings accounts, for a rainy day. That rainy day comes when hey lose a job and need that cash to pay their mortgage. So we are saving to help pay off an existing debt at a later date. How cockeyed it that? A lot of that mon…

1
Olympic Winners? 38:36

4M ago38:36

38:36

Paris, after a damp start, is sprinting through the games - but at what cost? Closed bars and cafes behind security barriers, fewer visitors in the run-up to the Olympics, and a massive bill for all the building-work and administration. The money from the tickets and broadcast rights goes to the International Olympic Committee, so will the city ben…

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