Central banks claim they defeated inflation by raising interest rates. The evidence suggests otherwise.

In this video, I look at seven major economies, including the UK, USA, Eurozone, Canada and Australia, and show why inflation was largely driven by supply shocks, not excess demand.

I also explain why inflation was already falling before many interest rate rises had been completed, why higher rates may now themselves be feeding inflationary pressure, and why the social costs of these policies have fallen hardest on working people.

The result is a serious challenge to the entire theory behind modern central banking.

This video also asks whether so-called independent central banks are really independent at all, when they all reacted in almost exactly the same way to the inflation crisis of 2021 and 2022.

The evidence suggests central banks reacted too late, used the wrong tools for the wrong problem, and may now be trapping economies in a cycle of structurally high interest rates and persistent inflation.

So, has the whole model failed?

Andy Burnham says he wants to break with the failed neoliberal economics that have damaged Britain for decades. He talks about public ownership, reindustrialisation, regional investment and rebuilding public services. But does his programme actually deliver any of those things?

In this video I look in detail at what Burnham is really proposing, and whether it amounts to genuine economic change or simply a softer version of the same failed system.

I argue that Burnham’s model of “public ownership” often looks remarkably similar to the regulatory framework that already failed in the water industry. Thames Water, sewage dumping, dividend extraction and infrastructure collapse all happened under systems of public regulation combined with private ownership.

At the same time, Burnham says he would still obey Rachel Reeves’ fiscal rules. That means accepting the same Treasury constraints that have blocked serious public investment for decades.

So can you really challenge neoliberalism while reassuring the bond markets, protecting fiscal rules and refusing to confront the power of finance?

This video examines the contradictions at the heart of Burnham’s programme and asks whether Labour still has any real alternative to the economic model that created Britain’s current crisis.

Who really governs Britain?

In this video, I explore the hidden political power of the City of London Corporation and the offshore finance network linked to it.

Most people have heard of the City of London, but very few understand that it operates under a unique constitutional structure unlike anything else in the UK.

Businesses vote in its elections. It has its own police force. It enjoys extraordinary political access. And it acts globally on behalf of finance capital.

I argue that the City lies at the centre of the global tax haven system connecting London to Jersey, Guernsey, Cayman, Bermuda, Gibraltar, the British Virgin Islands, and more. Together, these places create a network designed to protect wealth from taxation, regulation, and democratic accountability.

This matters because governments increasingly behave as though the financial sector has veto power over democratic choice. Policies are shaped around “market confidence” rather than public well-being.

I also discuss the reforms required if democracy is to regain control over finance, including transparency, beneficial ownership registers, public reporting, sanctions on secrecy jurisdictions, and the abolition of corporate voting rights within the City itself.

The question is simple: should finance govern democracy, or should democracy govern finance?