Not everyone believes in the promise of economic growth. We’ve done KEEN ON shows in the past with “degrowth” advocates like Tim Jackson and Jason Hickle who argue that we need to get beyond the false promise of ever expanding wealth. Our guest today, however, is anything but a sceptic of capitalist economics. Jon Moynihan is a Conservative member of the House of Lords, a vocal supporter of BREXIT, and an unashamed follower of the free market economic principles of Friedrich Hayek & Margaret Thatcher. In his new book, Return to Growth: How to Fix the Economy, the entertaining and combative Lord Moynihan argues that critics of economic growth tend to be what he calls “pampered Oxford Dons” who have no real understanding of the needs or ambitions of ordinary people. By the way, tomorrow’s guest on the show will be the Oxford trained economist Daniel Susskind who, as it happens, has a new book out entitled Growth: A History and a Reckoning. So more views about the value of the idea of economic growth over the next few days.
Jon Moynihan is a businessman and venture capitalist who started his career advising companies and banks in the Netherlands, the US and the UK as a specialist in mergers and turnarounds. He then ran the global firm PA Consulting Group for twenty-one years. He subsequently transitioned into venture startups, creating over twenty companies to date, most of them in the science and technology fields. Jon has worked as a volunteer in the charity sector all his life, including in Bangladeshi refugee camps and other developing countries; in educational think tanks, both managing and fundraising for charities; and in the arts sector, where, among other activities, he was president of the Royal Albert Hall for a number of years. Jon sits in the House of Lords as Baron Moynihan of Chelsea.
Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.
Episode 2240: Jon Moynihan on how to fix the economy and create long term growth