The Austerity Experiment: Did Britain Choose the Right Path?
Manage episode 505864895 series 3680775
Olivia and James revisit the profound impact of Britain’s 15-year austerity era, launched in 2010 in response to the 2008 financial crisis.
They challenge the narrative that austerity strengthened the nation, examining its human and systemic costs—such as the 165% surge in rough sleeping, strained NHS waiting lists, and deteriorating infrastructure.
Through a lens of pragmatism, they contrast the UK’s approach with that of Germany, whose "Kurzarbeit" scheme preserved skilled labor, prioritized strategic public investment in R&D, renewable energy, and vocational training, and supported small businesses to build long-term resilience.
The hosts argue that robust public services, social safety nets, and forward-thinking infrastructure aren’t ideological luxuries but foundational investments in national strength, health, and stability. They conclude by urging a shift from short-term balance sheet fixes to a vision of collective responsibility, ensuring Britain’s future is built on practical solutions that prioritize people, productivity, and prosperity for all.
10 episodes