Hello, my name is David Rumsman and this is Talking Politics, but this is also Talking Economics

because we are recording this live at the Talking Economics Festival in Bristol in front of an audience.

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talking bag. Helen Thompson and I are joined by Ed Conway,

economics editor at Sky News, prolific newspaper columnist, on all sorts of questions.

And we're going to try and cover quite a lot of ground here.

We want to get, if we can, from supply chains to the metaverse. We'll see how far we get. We'll take in

inflation and other things along the way, the fate of globalization, the future of the world.

Ed, let's start with supply chains. I guess we should just try and explain what we think is going

on at the moment. It's routinely described as a crisis, the supply chain crisis,

but it's sometimes explained as a short-term effect of some fairly recent and easily identified

accidents and sometimes as a symptom of something much deeper that we're learning about the

global economy and the way that it works. Which of those two

explanations do you favour or how would you rank them? Right at the start, certainly at Sky News,

in a lot of places we had to come up with a kind of term for what we're going through.

The supply crisis felt like the obvious thing at the time because it's supply chains are at

strain right now. But in a way, you might be better of calling it

demand crisis. I mean, what we're going through right now is a massive uptick in global

economic growth. The global economic machine, you know, if you consider it that way,

in very simplified terms, is not very used to 6% plus growth in developed economies.

...