Top Economist Abandons Starmer Support With Damning Indictment - w/. Prof. Danny Blanchflower
The Owen Jones Podcast
Owen Jones
4.4 • 1.4K Ratings
🗓️ 2 September 2024
⏱️ 48 minutes
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Summary
Prof. Danny Blanchflower is one of Britain's most important economists. Tenured economics professor at Dartmouth College and former member of the Bank of England's Monetary Policy Committee, he backed Keir Starmer in the election - and now has issued a damning indictment.
I talk to him here about why Labour's economic strategy is a disaster - and what the alternative is.
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Transcript
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| 0:00.0 | It is a huge honor to be interviewing the extremely distinguished economist Danny Blansfauer, |
| 0:04.6 | who I have looked up to for a very long time. I've interviewed him for my books. So you know that's, I think that's a recommendation |
| 0:10.9 | Danny if you don't mind me saying so. More importantly though, he's currently |
| 0:14.4 | a tenured economics professor at Dartmouth College, which is obviously over New Hampshire. He's got a beautiful lake |
| 0:20.7 | behind him where he is, but we can't show it for |
| 0:23.4 | camera reasons I'm sure it looks great also very interesting used to be a |
| 0:28.2 | member of the monetary policy committee the Bank of England which sets the |
| 0:31.0 | interest rates and so on bit of a rare voice in terms of the economic orthodoxy which has prevailed there, |
| 0:37.2 | which is, I did argue, part of the reason this could have quite a lot of a mess. |
| 0:40.9 | We could have had more Danies and could still have more dannies there unfortunately but there we have it now the one big reason I talked to danny right now is before the election he endorsed labour as part of a letter. It wasn't just him. There was lots of |
| 0:54.2 | distinguished economists who did. And he has, I think, renounced it. Let's just pull it that way. |
| 1:00.4 | And I want to talk to you about that but more broadly the current |
| 1:04.8 | government we want to hold the government to account their economic strategy and |
| 1:07.6 | the actual credible alternative so I think that's what we'll do how you doing |
| 1:11.6 | yeah yeah and I just it's good to see you again. |
| 1:15.0 | I mean the story in many ways was that you had 14 years of Tory rule and basically it was time to get rid of them. I mean the first in a way in a way I don't |
| 1:25.9 | regret that's in a way what I said because in the first hour they scrap Rwandan |
| 1:32.0 | concentration camps and that seemed pretty important. |
| 1:36.0 | But I had hope that a Labour government would actually try to start to put people first and try to think about things like millions of people on |
| 1:45.2 | wait lists, people struggling to get appointments with doctors, schools |
| 1:50.9 | in trouble, potholes, local authorities struggling with social care. |
| 1:56.4 | And I thought, you know, and basically high levels of poverty and particularly child poverty. |
... |
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