Farage vs Binface, Wealth Inequality & Trickle-Down Myths | IEA Podcast
About this episode
The episode discusses the Clacton by-election, economic growth, and the implications of government proposals on social media platforms.
In this Institute of Economic Affairs podcast, Director of Communications Callum Price is joined by IEA Director General Lord Hannan and Editorial Director Dr Kristian Niemietz. The panel discusses the Clacton by-election and the rise of joke candidates, the very different ways the populist left and right use the word “establishment,” the debate sparked by J.D. Vance over whether GDP is the right measure of a country’s success, and the Government’s proposals to make platforms promote public service broadcasters online. Callum, Lord Hannan and Kristian Niemietz begin with Nigel Farage’s resignation as an MP to force a by-election in Clacton, and what the contest reveals about how “anti-establishment” politics means very different things depending on which side is using it. They move on to a defence of economic growth, arguing that GDP scepticism usually rests on a strawman version of economics that no real economist holds, and that growth is what has given people leisure time, labour-saving technology and rising living standards. The conversation ends on the Government’s new Green Paper, which would require social media platforms to prioritise BBC, Channel 4 and Channel 5 content…
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