The Brexit-Trump syndrome: it’s the economics, stupid

For decades, investment has been falling, living standards have declined, and inequality has risen. What the Brexit and Trump campaigns shared was that they exploited the resulting disaffection by blaming those problems on external forces, including globalisation. Yet these problems were not the inevitable results of globalisation, but of domestic policy choices, influenced by flawed economic theories. Michael Jacobs and Mariana Mazzucato explain why and how we need to rethink contemporary capitalism.