Building a concrete airplane: politics in Brussels

Episode 128: Direct from Brussels, Alasdair Macleod interviews Godfrey Bloom, a member of European Parliament who represents the United Kingdom Independence Party (UKIP).

Godfrey serves on the Economic and Monetary Affairs committee in Brussels and brings great insight into the bureaucratic nature of political life within the EU parliament. Unashamedly dismissive of the work of these regulators, he believes their intentions are akin to building a concrete airplane.

Alasdair then questions Godfrey about how UKIP could influence economic policy in the United Kingdom if they were to win some seats in future national elections. Godfrey mentions a battle he’d like to see taken up – getting Whitehall to even ponder beyond Keynesian and monetarist economic policies.

This podcast was recorded on the 30 May 2013.

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Alasdair started his career as a stockbroker in 1970 on the London Stock Exchange. In those days, trainees learned everything: from making the tea, to corporate finance, to evaluating and dealing in equities and bonds. They learned rapidly through experience about things as diverse as mining shares and general economics. It was excellent training, and within nine years Alasdair had risen to become senior partner of his firm. Subsequently, Alasdair held positions at director level in investment management, and worked as a mutual fund manager. He also worked at a bank in Guernsey as an executive director. For most of his 40 years in the finance industry, Alasdair has been de-mystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman’s terms what governments do with money and how to protect themselves from the consequences.

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