Capital, Capitalism, and the Capture of Democracy: A conversation with John Christensen

Video Description

Capital, Capitalism, and the Capture of Democracy Let us know your thoughts by voting in our poll: https://www.youtube.com/post/Ugkxp6CBej1BsiyFfjx8wp7KWxyshRdVq0i4 00:00 – Do bond markets panic under MMT? 03:20 – Neoliberal myths of fear and control 07:00 – How government really creates money 10:45 – Spending, growth, and productivity 14:30 – Why bond markets actually want stability 18:15 – Investment, jobs, and stronger fundamentals 22:00 – Who really needs UK government bonds 25:30 – The myth of capital flight explained 29:10 – Neoliberal scare stories vs. economic reality 33:00 – Building confidence through investment 36:10 – Conclusion: MMT, stability, and the UK’s future TRANSCRIPT A summary of this video is available at: https://www.taxresearch.org.uk/Blog/2025/08/27/capital-capitalism-and-the-capture-of-democracy-a-conversation-with-john-christensen/ IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. https://www.taxresearch.org.uk/Blog/2025/06/20/chatgpt-prompt-for-a-letter-to-your-mp/ HOW TO SUPPORT US Please consider donating: https://ko-fi.com/taxresearch ABOUT RICHARD MURPHY Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’. This video was edited by Thomas Murphy. RICHARD MURPHY ON BLUESKY: https://bsky.app/profile/richardjmurphy.bsky.social OR ON MY BLOG: http://www.taxresearch.org.uk/Blog/ HIT SUBSCRIBE & GET NOTIFICATIONS Subscribe and get notified of new videos released. INTRODUCTION: https://www.youtube.com/watch?v=HdHsRPy3060 PLAYLISTS: The Wealth Series https://www.youtube.com/playlist?list=PLvRueM6wBgobQLeyZYAagFDMjEFTKbhRD Ecenomics https://www.youtube.com/playlist?list=PLvRueM6wBgob54Gs-fOL-8OAQ-IpduwB4 Britain https://www.youtube.com/playlist?list=PLvRueM6wBgobwTT4ATvJjsf8OO6S7wD10 Tax https://www.youtube.com/playlist?list=PLvRueM6wBgoaMni_12J6ULp3yUJisUZoY MMT https://www.youtube.com/playlist?list=PLvRueM6wBgoZ6jvRGSW5YXu8qogE6aClX Money https://www.youtube.com/playlist?list=PLvRueM6wBgoYnLk1c7syTvoIo8bKYUs5m Climate Change https://www.youtube.com/playlist?list=PLvRueM6wBgob4_wsYaVivWd2WumpPLYwJ USA https://www.youtube.com/playlist?list=PLvRueM6wBgoYYd3dSyU2Oyl3x7bWJOP7H Labour https://www.youtube.com/playlist?list=PLvRueM6wBgoa-KhzG-fnjDSg1WROL1zMw The Trump Administration https://www.youtube.com/playlist?list=PLvRueM6wBgobz41-GLimTho27A3flVWQx #MMT #ModernMonetaryTheory #UKEconomy #BondMarkets #InvestInPeople #FullEmployment #EconomicJustice #EndAusterity #UKPolitics #FinanceMyths #PublicInvestment #SustainableGrowth #GreenEconomy #TaxAndSpend #Neoliberalism #WealthExtraction #SocialJustice #EconomicReform #FutureOfWork #FairEconomy