The Policy Institute at King's College London
The Policy Institute at King's College London
The Policy Institute at King’s College London works to solve society’s challenges with evidence and expertise.
We combine the rigour of academia with the agility of a consultancy and the connectedness of a think tank.
Our research draws on many disciplines and methods, making use of the skills, expertise and resources of not only the institute, but the university and its wider network too.
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You know, these fellows are all journalists yet their acting skills are very good for amateurs, especially the ones playing Callaghan and Healy, David Watt and Hugh Stephenson
Tony Benn in his diaries said that in fact they did not need the loan as North Sea revenues came in with a large surplus and Healey had said in his diary after he had been misinformed. Of course, there was the hand of international banks and 'interests' at hand in the background
Yes Minister 😀
It is now 2024 and we in Britain are in a permanent state of austerity - over 14 years and counting (!)- imposed upon us by the government, so a further question would be, does this government and their economic advisors understand money and economics? Yet another question you may want to address: do you think mainstream media may be playing a major role in misinforming the public about the government's decision-making regarding money and austerity which could also feed their "misperceptions" about money and economics?
It’s like a skit out of Spitting Image
When Tony Benn states that the IMF "for two years will control economic policy ...." This is prophetic and it did not just last for 2 years, its happening now.
Hardly a surprise that Reg Prentice supported this! Ironically of course, years later, Denis Healey was firmly of the view that the Treasury had misled him to a great extent regarding the severity of the deficit and the level of cuts required.
They should have started saving money by cutting the size of cabinet, which is archaic and full of sinecures and positions with overlapping mandates. Do they really need a Chancellor of the Duchy of Lancaster? Ridiculous.
Shame the person doing the intro , the president, can't pronounce governance and Westminster properly.
I wish British TV did more of this. Far more interesting than newsnight or the daily politics show.
It would be interesting to see such a programme done today, given what has happened over the last few months.
They don't do anything close to being this creative. Our media are a bunch of compromised plodders.
so it looks like globalism will fail this time round. but it will be back. i have read the end of the Book. one world total tyranny is inevitable. just not, i hope, in my lifetime. I am over 60. 30-35 years at the most and I will be gone. i do fear for the world which the generation of my late brother's children and grandchildren (I am childless) will inherit
the thing about Ralston Saul's book "Voltaire's B*stards" which i read about 20 years ago, is that he falls in love with an idea and pushes it too far this diminishes his credibility, IMO alas i cannot remember enough to demonstrate this point but this is my opinion even if no one else's
I think it's relatively clear from this lecture too, but the initial idea is interesting to consider
"....and the arguments of Shirley Williams will be put forth in an outrageous falsetto by Jonathan Dimbleby."
Roy Hattersley discussed this documentary in his autobiography - he said he hadn't spoken to any journalists about the meetings but he was astonished how a lot of his colleagues had clearly been giving out very detailed briefings
It’s a good book.
If they only knew the current deficit!
These events emphatically paved the Way for Margaret Thatcher, to sweep into power
Well this is because young people got their hands on considerable money. We were taught participatory citizenship in the wake of a serious world war, and then threw it off in the 60s. But since then young adults have piles of money and think they don’t need anything else. Not marriage, not citizenship, nuthin. Just shoot a rocket to mars and you’re a star.
Greek Solon was not the first ruler to systematically forgive debts ... Sumerian kings, thousands of years prior, did the same and they did it every 49 years ... what come to be know as Jubilee ...
Leaving the eu was a great thing. The eu is an evil.
Nailed the manager is not a leader part too.
Spot on about “stakeholder” bs as well.
Spot on about efficiency.
Actually it should Constitutions. Citizens are lazy, fickle & petulant.
Lovegrove-woke w⚓️
I am just amazing! I held it together as my daughter cried at the back.
he is one of kinney man?
Ian Aitkin should have been James Callighan because he sounded like him
My god, I'm sure there's a point there somewhere.... 20 minutes in and I'm still not sure where though. I think that's about as much time as is reasonable to listen to a lecture before you should have a pretty good idea of the basic thesis.
They've lost control! It reminds me of the committee meetings from Chernobyl!
Right! The chancellor looks like Vasily legasoz
Matrix ....?
The very long term demand for UK housing will probably rise and fall in line with the population level, since everyone needs a place to live, whether renting or buying, and it usually does not make a lot of economic sense for too many homes to remain vacant over the long term. The UK population is forecast to rise at a moderate rate until around 2050 and then peak and slowly decline, in line with world population levels, so I would expect demand for UK accommodation to follow a similar trend in the very long term. In the more immediate future and current situation, I think an underlying problem is perhaps the generous discounts offered under the Right to Buy scheme for Council tenants, which pulls equity out of the social housing sector and reduces the availability of social housing, and gives Council tenants an unfair advantage to private sector tenants, in my opinion. If the Right to Buy scheme required prospective purchasers to buy at market value, then Councils would be able to use the proceeds to buy or build an equivalent amount of social housing to replace the accommodation sold, which would reduce pressure on the system and increase the availability of Council homes at affordable rents for people.
When Tony Benn started talking about Ramsay MacDonald in 1931, somebody should’ve pointed out to him that his Alternative Economic Strategy looked more like Oswald Mosley.
'... somebody should’ve pointed out to him that his Alternative Economic Strategy looked more like Oswald Mosley.' - But that was when Mosley looked more like Keynes than Mussolini. He was driven to the absurd blackshirt extreme by Labour's cowardice.
The various political and economic crises of Britain in the 1970s show the real flaw of democratic socialism. (And no, it’s not “running out of other people’s money.”) The problem is that if the organized political forces of labor take over the running of the economy, then at that moment they cease to truly be “labor” - they are now the management.
Of course. And the absurd idea that to reach socialism you have to get the capitalist economy 'right'. Socialism is intended to replace capitalism, not patch it up.
So many of Britain's problems in the 1970s were caused by the oil shock, made worse by the bust following the "Barber Boom" when the previous Conservative government had let the economy seriously overheat. A Conservative government that Margaret Thatcher was a senior member of, and which the released records now show was preparing to go to the IMF itself before it lost office in 1974, leaving the Labour party to deal with the mess.
@@th8257 Yes, the problems were caused by the oil shocks. But then the Labour Party was unable to make the tough economic decisions with its union base.
@@erickleefeld4883- it wasn’t just oil shocks but declining productivity. The UK was losing out economically to the likes of Germany, France and the Nordic states (excluding Norway due to oil).
Interesting that Cabinet Ministers thought that they would be able to dictate to the IMF the terms on which they would borrow money. 40 years later the Greeks were making the same mistake. Why are socialists so resistant to learning from experience?
'Why are socialists so resistant to learning from experience?' You seem to have completely misunderstood the arguments in the programme and also the Greek situation.
@@channelfogg6629 you've just proved his point with that answer.
You clearly don't know much of what happened. They actually had a significant amount of success in altering the terms offered by the IMF. Denis Healey famously threatened the IMF with a general election, in which Labour would campaign as "The people versus the IMF"
@@th8257 You are right. I don't know much of what happened. It is quite difficult to get details. I don't see how Healey's threat to call a general election would have been effective. Election held; Labour return to power; UK Gov to IMF - lend us money on our terms. IMF reply - NO!. Tsipras tried something like that when dealing with EU/IMF terms of loan to Greece. He held a referendum, which he won. And on the night of victory the EU told him to accept the terms of the loan or Greece would be ejected from the Euro. He capitulated. But thanks for the reply.
@@channelfogg6629yes, Greece didn't even meet the criteria for being accepted into the EU, which alas, meant they had Greece by the short and curlies.
Saul's not saying there should be high levels of immigration, only that immigration policies should be effective in converting arrivals into fully integrated citizens as quickly as possible so that they feel a sense of belonging in their new country. He explicitly stated in the lecture that if a country decides to reduce the numbers of immigrants then that's their right to do so. Immigration levels should be drastically in most western countries. We don't want to feel like a stranger in our own countries, don't want the familiar and comfortable to always be swept away in an effort to adapt to the new arrivals. Don't care if that's perceived as an atavistic attitude by high brow set; it's deeply felt by me and many others.
20:47 "I"ve got no coalition coming up" - the Lib-Lab pact! They were already at this date a minority govt.
O Captain! My Captain! A brilliant mind!
HMRC "Jump Morse" Morse "Sure, how high" HMRC "Jump and we'll tell you when to stop" HMRC "The loan charge is now only applicable to those of the 50k people with open enquires" Morse "Oh that;s so fair you're so lovely, ...how many people have open enquires? HMRC "49,999, now jump you little shit"
Hmmmm ... Indoubitably! Orange Man, indeed, bad!
Commission is elected by those who are democratically elected - PM:s
"We have a housing crisis". Well, solve the housing market situation regardless of immigration
Most people during the Westfalian time were born, living and died in the same local area
But Westfalian idea was not an idea of nation-state, it was an idea of territorial and sovereign state
I can agree on celeberations, but they can also be done locally as well.
I think that a better solution would be that everybody has a global citizenship and freedom of movement as long as one can respect natural human rights to liberty, property and life.
EU:s further development is also important when it comes to integration. Basically, in order to have decentralized solutions where municipalities, cities and regions have more sovereignity conatusnews.com/developing-institutions-transnational-world/
I do not understand Saul. There are different and similar integration policies in across the EU. But saying that there is not functioning policy is simply not truth.
But which "lack of leadership". Government should be limited and people can solve more problems with interactions and civil society
Vladan I've been browsing your comments. Its nice to finally hear somebody, at long last who has reached pretty much the same conclusions/sees the world in a similar way . 👏
@@reazonuk2362 Thanks mate :)
It is not always the case as with citizenship being undermined. National citizenship is too limited and state-centric. Also, there is a trend of uberisation of politics medium.com/@vladanlausevic/uberisation-of-politics-d1068b6fba33
It is called socialism for the rich liberalismbook.blogspot.com/2019/05/dollarzone-and-eurozone-failures.html
But banks were "saved" by government and central banks. It was public failure in the first place , not a market failure