In 2007, Richard Murphy, a chartered accountant of 42 years, accurately foresaw the global financial crisis. Today, in 2026, he believes we are heading for an even greater crash. And if the AI bubble bursting coincides with escalating war in West Asia, and the impacts of climate change turbocharged by El Niño, he warns the results could be ‘cataclysmic’.
On Downstream this week, Aaron Bastani sits down with the rogue accountant, tax justice campaigner, university professor and financial whistleblower, to discuss the coming polycrisis.
Will the AI bubble bursting be more like the dot com bubble or the 2008 crash? Why are governments including Britain’s telling us to stock up on water and food supplies? And are the Treasury’s claims that there are limits to spending based in truth, or just an excuse for cowardly leadership?
Tickets for the next Downstream IRL at EartH Hackney with Ash Sarkar and Owen Jones on November 16th are available here: https://dice.fm/event/g5v25a-novara-medias-downstream-irl-the-fall-of-the-west-16th-nov-earth-london-tickets?lng=en-US