The Sceptic | Episode 65: David Frost on the Scourge of New Labour’s “Stakeholder” Revolution – and Why Britain Must Reclaim Free-Market Thinking
In Episode 65 of the Sceptic, host Laurie Wastell speaks to David Frost. David Frost, Lord Frost of Allenton, is a former diplomat and was the chief Brexit negotiator under Boris Johnson. He is a columnist at the Daily Telegraph and is now a non-aligned peer and the Director-General of the Institute of Economic Affairs.
Laurie and David discuss David’s plans at the IEA and why the case for free-market thinking is more important than ever; the “Stakeholder State” and why it stops governments from doing anything; why it didn’t come about by accident but rather was built by New Labour; why those complaining about “division” and “populism” really just hate democracy; why the claim that free markets are bad for “communities” is nonsense; the tyranny of “independent” experts; why consensus isn’t all it’s cracked up to be and why sometimes, the best thing is for the state to just get out of way.
Donate to theDaily Sceptic to access our premium content. Follow Laurie on X. Follow David on X. Subscribe to the Daily Sceptic YouTube Channel here. Produced by Richard Eldred. Filmed at the Westminster Podcast Studio.
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Stakeholder Capitalsim and ESG—–(Environmental and Social Governance)—-NO one ever voted for any of this economy destroying garbage, where if you do not align you will be silenced banned and excluded from all of society.
The WEF are very keen to introduce Stakeholder Capitalism.. and didn’t they coach a lot of the west’s leaders?
For independent read unaccountable.
e.g. Independent judges? Independent Bank of England? Independent Panel of Experts. etc.
i wish Lord Frost and IEA good luck with their attempt to reform the NHS. They may find useful DS’s in-house-doctor articles on the topic.
Also, an excellent speech by His Lordship today in the HoL during the UK EU customs union debate.
The lessons must surely be:
1 Reform must always include a significant number of business people
2 It must always talk about the importance of business and its superiopr decisioin making and efficiency over state (political) management
3 The public need to be informed. Not just once. Even after a period when the voters come to understan d the benefits of a market economy we must continue to state that so back sliding does notr happen again.
4 Reagan pointed out that every generation has to savde freedom and so it must save the market economy. We need instritutioinal means to do this. Schools and Universities need to do it and at Unis student societies need to be established to support market economics.
We have seen how institutions which ought to be aware of this forget – The Institute of Chartered Accountants, for example, seem more interested in wokery than in the free market.