I talk to Tony Groves in Ireland for his ironically named Echo Chamber podcast in Ireland every month or so. The latest edition was delayed by my being unwell, but this is it, recorded late last week. And I do think I need to have a word with him in thumbnails:
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Loving the thumbnail, it’s so lively! ^^
🙂
I went Burnham style
Love that Irish accent.
Ireland has become a Neo-liberalism microcosm and no wonder Irish people are angry. You can learn a lot just by looking at what is happening on that little island and then cast your eye over to the UK and maybe even Europe and see the same happening.
That is seriously good. I think because you are given the space to talk without petty interruption, and you can make connections. I was particularly struck by your points about uncollected tax, and subsidies to already rich people. And that the comfortably well off never meet poor people, living in their bubble. Thank you.
Thanks
Another excellent podcast with no fear of having to share the airspace with a neoliberal talking head.
I like your comment about the general anti-avoidance rules (GAAR) in the UK. Having worked with the UK version, I found it quite timid compared to the version in Australia, which has far more effectiveness. The double reasonable test is a problem with the UK version, but it is an improvement on what existed previously.
You also mention about lifting the corporate veil for companies where the intention was to use it to minimise tax. Always a major problem for a tax administrator in proving intent, as it can easily change over time, and you need regular tests of intention coupled with verified action of corporate abuse of the limited liability protections for shareholders.
Another issue with the Bank of England. I have never understood why it is bad for it to have loans to other banks in the form of savings for those entities in effect. However, those very financial institutions are praised for having growing savings books which are liabilities of the banks to their customers.
Keep up the good fight, and I am full of admiration for your persistence.
Thanks
Thoroughly enjoyed this, I really like these long discussions with someone who is also knowledgeable and articulate (Tony is very good but I must mention your discussions with John Christensen in particular). The depth and detail of this kind of interaction which covers the background and history to what is said is very convincing. The details of your own past experience and involvement also adds considerable gravitas to your words and answers the the question “why should I listen to Richard Murphy instead of Tom, the other Dick or Hermione?”.
Convincing the mass of the proletariat that they would benefit from listening to all of a 45 minute podcast is difficult, but I would commend these videos to anyone who has found your blog and wants to understand more about you and your work.
Thanks
John and I are recording this afternoon – out at the weekend