Deconstructing the Magic Money Tree - Episode 4

Mike and David return to the questions arising from Boris Johnston's "Build-build-build" policy. In a wide ranging discussion they cover international development in Africa, the political decision-making system as it contrasts with economic decision-making and the fact that, with modern technology, small is beautiful.

Illustrating thoughts with Empire railway-building and Glasgow trams, they move on to the unseen effects of state infrastructure investment. In the end, the destructive effects of perverse state policies are considered. We hope you enjoy this discussion and hope that you will comment as you see fit.