Listen to the discussion from the Battle of Ideas festival 2019.
Critics argue that relatively little has been done since the financial crisis to fix the underlying problems that precipitated it. Have we failed to take the old advice to ‘never waste a good crisis’? Extraordinary monetary measures are still mostly in place, but there are heated debates about whether the major developed economies are healthier or weaker than in 2008. Acclaimed Guardian economics editor Larry Elliott talks to Phil Mullan, author of Creative Destruction, about what can be done to pull the west out of its economic malaise. How can we challenge the ‘new normal’ of low growth, poor productivity and stagnating living standards?
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