Bonkers Economics @martinwhitlock.bsky.social · 02/10/2026Government "debt" to the Bank of England (which the government owns) is largely notional, it's borrowing from itself. The rest (gilts sold to pension funds, hedge funds, and foreign investors) works more like a form of tax on the wealthy, paid back with interest Watch here: youtu.be/eaqonl6RKAo 000
Bonkers Economics @martinwhitlock.bsky.social · 01/10/2026www.theguardian.com/commentisfre... Absolutely spot on from Larry Elliott this morning. Burnham and co. won't change anything if they can't change the basic rules of the game ...theguardian.comRightwing economic myths could derail Burnham’s project – to destroy them, look to Keynes | Larry ElliottBorrowing can be good, there is no such thing as the ‘nation’s credit card’, and, yes, you can buck the markets – as previous governments have shown, says Guardian columnist Larry Elliott 010
Bonkers Economics @martinwhitlock.bsky.social · 01/10/2026This chart (originally made at Christmas, hence the "presents" look) shows who owns the UK stock market. 1980: mostly UK pension funds and private individuals. Today: mostly foreign owners. We've sold off Britain to pay for importing more than we export. youtu.be/eaqonl6RKAo 000
Bonkers Economics @martinwhitlock.bsky.social · 30/09/2026Chart 1: the UK economy, sector by sector, financial services and property have exploded since the 1980s while agriculture and manufacturing shrank. Chart 2: financial services pay huge tax (pink) relative to how many people they actually employ (blue). That's why government keeps favouring it. 001
Bonkers Economics @martinwhitlock.bsky.social · 29/09/2026This might be the best visual metaphor in the whole series: UK wealth shown as plate sizes at a dinner table. Even just capping the biggest plate to the size of the second-biggest changes everything below it. Watch here: youtu.be/eaqonl6RKAo 000
Bonkers Economics @martinwhitlock.bsky.social · 28/09/2026Episode 4 of "Fixing Our Economy" is here. Money wants to do two incompatible things: flow through the economy, or sit stored up. Our government only looks at averages, not individuals. What happens when those two problems collide? This week's images show exactly that. 000
Bonkers Economics @martinwhitlock.bsky.social · 25/09/2026Two boxes: average wealth of the richest 10% in the UK vs the poorest 10%. Already stark. Now put that "richest 10%" box next to £1 billion. Suddenly it looks tiny. Even people near the top don't feel rich enough to share. That's part of why trickle-down doesn't work. Watch: youtu.be/8PHqa_dOiwg 010
Bonkers Economics @martinwhitlock.bsky.social · 24/09/2026This chart looks at all UK Cabinet ministers from 1922 to 2021. The big box: everyone. The green box: those who went to university. The blue box: those who went to Oxford/Cambridge specifically. It's a pretty tight-knit group deciding what "normal" looks like for everyone else. youtu.be/8PHqa_dOiwg 000
Bonkers Economics @martinwhitlock.bsky.social · 23/09/2026People living in the poorest parts of the UK have, on average, 20 fewer years of healthy life than people in the richest parts. Twenty years. Same country. "The economy is doing fine on average" means nothing if you're the one living this gap. Watch the full story: youtu.be/8PHqa_dOiwg 000
Bonkers Economics @martinwhitlock.bsky.social · 22/09/2026In 1995, total accumulated money wealth in the UK was about 3x GDP. In 2022, it's 5x GDP. Same amount of productive work (roughly), way more money piled up. That money isn't circulating - it's stuck! Often in land, which makes everything built on land more expensive. Watch: youtu.be/8PHqa_dOiwg 000
Bonkers Economics @martinwhitlock.bsky.social · 21/09/2026Episode 3 of "Fixing Our Economy". How come government economic policy makes it so much harder for people to create the wealth they actually want and need? Four images this week explain why the system is built the way it is and who it's really built for. 000
Bonkers Economics @martinwhitlock.bsky.social · 17/09/2026Calling all data visualisers! Anyone else obsessed with making charts that don't make people's eyes glaze over? Let's connect. #datavis #datavisualisation 010
Bonkers Economics @martinwhitlock.bsky.social · 17/09/2026Look at this image: the tiny red sliver is all the physical cash in the UK, the notes and coins. The huge blue chunk? That's all invented. Numbers typed into a computer. No gold, no salt, no intrinsic value. Just trust. Watch the full story: youtu.be/E8ksSB699OI 021
Bonkers Economics @martinwhitlock.bsky.social · 16/09/2026This image shows who owns the UK economy. Buildings, land, financial assets - that's nearly all of it. Actual "stuff" (material goods) is a tiny sliver. And government? It owns almost nothing! It's sold off most shared assets over 40 years. Everything is owned. Except the air (for now). 000
Bonkers Economics @martinwhitlock.bsky.social · 15/09/2026Even if you only count the economy in money terms, unpaid work (childcare, cleaning, cooking, DIY, volunteering) makes up about 38% of it. The economy runs on work nobody pays for. Worth remembering next time someone says "unpaid work doesn't count." 000
Bonkers Economics @martinwhitlock.bsky.social · 14/09/2026I gave my first talk as Bonkers Economics at the Henry George Foundation Open Day in London on Saturday. I'll be posting the video in the coming days and would love to know what you think. 010
Bonkers Economics @martinwhitlock.bsky.social · 14/09/2026Episode 2 of "Fixing Our Economy" is here, Money is essential to how the economy runs, but it's also at the heart of most of its problems. So what actually IS money? Turns out most of what we believe about it is a myth. youtu.be/E8ksSB699OI 010
Bonkers Economics @martinwhitlock.bsky.social · 11/09/2026If government measured what people actually want (wellbeing, not GDP growth), policy would look very different. And if AI takes away work people find meaningful, that's not "efficiency", that's value destroyed. youtu.be/XMszUmhXGpQ 010
Bonkers Economics @martinwhitlock.bsky.social · 11/09/2026FINAL CALL Join me this Saturday at Henry George Foundation, London (or online) for "The Land Trap and Growth of Paradigm" - a brilliant lineup of speakers. Can't wait to share ideas with some top thinkers. Hope to see you there! henrygeorgefoundation.org/events/henry... 000
Bonkers Economics @martinwhitlock.bsky.social · 09/09/2026Why "Bonkers Economics"? Potholes that never get fixed. Hospital waiting lists. Rents eating half your income. Sewage in the rivers. 80,000 people waiting for a day in court. I try to explain what's happening with a series of images and video. www.youtube.com/@BonkersEcon...youtube.comBonkers EconomicsThe UK is so rich on paper, and yet unable to meet so many of our basic needs. Once the ‘workshop of the world’, our economy has shifted from productive to extractive: instead of creating real… 010
Bonkers Economics @martinwhitlock.bsky.social · 08/09/2026New 4-part series, "Fixing Our Economy" is live. Before we can fix the economy, we need to answer a question almost nobody asks: what do we actually want it to do? First episode is up 👇 youtu.be/XMszUmhXGpQyoutu.beWhat Do We Actually Want the Economy to Do? | Fixing Our Economy Part 1We’re told the economy is growing, so why does life keep getting harder? In this episode of Fixing Our Economy, we rethink economics from the ground up. Instead of focusing on GDP, markets, and… 000
Bonkers Economics @martinwhitlock.bsky.social · 27/08/2026Henry George explored who actually controls the production of wealth, and who benefits from it. Land is unlike anything else we call 'wealth'. That's where my HGF Open Day talk goes. 12 Sept, London. henrygeorgefoundation.org/events/henry... 000
Bonkers Economics @martinwhitlock.bsky.social · 26/08/2026Measure prosperity in money and you can convince yourself a country's getting richer. Measure it in actual wealth and the picture looks very different. More at HGF's Open Day, 12 Sept. youtu.be/B1zXYWLh5YUyoutu.behttps://youtu.be/B1zXYWLh5YU 000
Bonkers Economics @martinwhitlock.bsky.social · 25/08/2026Wealth = the things that actually meet human needs (food, housing, healthcare, education) and our capacity to keep producing them. Not the price tag. It's part of what I'll be talking about at HGF's Open Day in London on Sat 12th Sept. 021
Bonkers Economics @martinwhitlock.bsky.social · 24/08/2026If every bank balance in the country doubled overnight, would the country be richer? No - not unless more actually got produced. Money ≠ wealth. Writing about this ahead of my HGF Open Day talk on 12 Sept. I'll be explaining this new image this week. 000
Bonkers Economics @martinwhitlock.bsky.social · 21/08/2026Bonkers Economics just hit 20K on YouTube. Wealth isn't just money - it's whatever sustains and improves people's lives. I use striking visuals to explore why the UK's economy so often fails the majority it serves. Watch here: www.youtube.com/@BonkersEcon... #Economics #UKEconomy 000
Bonkers Economics @martinwhitlock.bsky.social · 17/08/2026Ahead of my talk at HGF's Open Day in London (Sat 12 Sept), I wrote a short piece on a question worth asking properly: what actually IS wealth and why do we keep confusing it with money? Starting point for what I'll be talking about on the day. thehenrygeorgefoundation.substack.com/p/what-is-we...thehenrygeorgefoundation.substack.comWhat is Wealth? (and Other Important Questions)Martin Whitlock previews his forthcoming talk at the HGF Open Day in September 000
Bonkers Economics @martinwhitlock.bsky.social · 13/08/2026The economy is supposed to improve people's lives. If more people are anxious, exhausted and struggling to make ends meet... perhaps it's worth asking whether we've designed the system well. That's why it's called Bonkers Economics. #BonkersEconomics 020
Bonkers Economics @martinwhitlock.bsky.social · 13/08/2026Every Bonkers Economics image starts with data. But instead of another chart, it becomes colour, pattern and form. The aim isn't to prove a point. It's to spark curiosity. #ArtAndEconomics #BonkersEconomics 011
Bonkers Economics @martinwhitlock.bsky.social · 12/08/2026What is wealth? Not just money. Not just GDP. What if wealth is simply the things that sustain and improve our lives? That's the question behind Bonkers Economics. What would be on your list? #BonkersEconomics #WhatIsWealth 000
Bonkers Economics @martinwhitlock.bsky.social · 10/08/2026I'm delighted to be speaking at the Henry George Foundation Open Day on 12 Sept. My session asks: what actually IS wealth, and how is it different from money? Turns out the growth paradigm has been quietly confusing the two for centuries. £12 in person / £6 online schoolofphilosopy.org 000
Bonkers Economics @martinwhitlock.bsky.social · 10/08/2026I'll be posting a new "Bonkers Economy" visual every two weeks. If you find them useful, please share them with your network. A breakdown of each visual can be found on my website:bonkerseconomics.netBonkers Economics - Art that makes sense of a crazy worldBonkers Economics is an art and economics project inspired by decades of failure of economic policy, in the UK and elsewhere. 000
Bonkers Economics @martinwhitlock.bsky.social · 10/08/2026Read these two stories from today's @theguardian.com side by side and weep for the hypocrisy of the Home Office trying to chuck out an Italian person while the Foreign Office is complaining about the Swedish government chucking out a British person... When will we ever learn? 000
Bonkers Economics @martinwhitlock.bsky.social · 07/08/2026www.theguardian.com/uk-news/2026... Or, to put it another way, devolution of power to local authorities is a good thing unless we don't agree with you! (I'm not saying I agree either, but that's not the point)theguardian.com‘It is British life’: No 10 vows to stop councils trying to limit standing in pubsWestminster council has recommended banning ‘vertical drinking’ or ordering at the bar in new draft licensing policy 000
Bonkers Economics @martinwhitlock.bsky.social · 06/08/2026Why has this happened? "The slippery slope", UK economic activity 1950 vs 2015. 1950: mostly productive work (factories, agriculture). 2015: mostly property + financial market activity. The economy shifted from paying people to rewarding owners. youtu.be/BFzsl4Rk5cI?... 010
Bonkers Economics @martinwhitlock.bsky.social · 05/08/2026The £24 billion question — bonkerseconomics.net/the-24-billi... With the banks reporting massive profits, here's my image to remind us of the good things that a government could do with some of that money. And still leave the banks with a healthy profit too...bonkerseconomics.netBonkers Economics: The £24 Billion QuestionThe profits of the big UK banks could fund many of the government's key social priorities, and still leave plenty left over for shareholders. 000
Bonkers Economics @martinwhitlock.bsky.social · 05/08/2026"National wealth" ≠ your wealth. It's concentrated in a small group of already-wealthy households. Even homeowners: a lot of your house price gain effectively goes to your mortgage lender, in interest. Wages belong to everyone. They're the ones that stalled. Watch here: youtu.be/BFzsl4Rk5cI?... 000
Bonkers Economics @martinwhitlock.bsky.social · 04/08/2026The image, explained: each shape = 20 years of UK economic history. 1966–86: wages kept pace with wealth. 1986–2006: wealth boomed, wages kept up-ish. 2006–26: wealth boomed again, wages barely moved. That's the shrinking gap you saw. 001
Bonkers Economics @martinwhitlock.bsky.social · 03/08/2026New image for Bonkers Economics. Three shapes, left to right - one fits, one's a squeeze, one doesn't fit at all. No numbers yet. Just look at it. I'll explain what it's actually measuring over the next few days. 000
Bonkers Economics @martinwhitlock.bsky.social · 02/08/2026"National wealth" ≠ your wealth. It's concentrated in a small group of already-wealthy households. Even homeowners: a lot of your house price gain effectively goes to your mortgage lender, in interest. Wages are the ones that stalled. Full video: youtu.be/BFzsl4Rk5cI?... 000
Bonkers Economics @martinwhitlock.bsky.social · 31/07/202612 of 12. Done. Twelve weeks. Twelve images. One argument, built from the first episode to this one. Thank you to everyone who watched, shared, argued, and kept coming back. The series existed because you engaged with it. A new series is coming. The conversation continues. 000
Bonkers Economics @martinwhitlock.bsky.social · 30/07/2026The economy is not broken by accident. It has been built, piece by piece, decision by decision, over decades to do exactly what it does. Move money toward the already wealthy. Reward extraction over production. Make the accumulation of money the measure of success, and call it growth. 101
Bonkers Economics @martinwhitlock.bsky.social · 29/07/2026The series is finished. 12 images. 12 reasons. One argument. The economy isn't broken by accident. It's been structured, through decades of policy decisions, to reward the movement of money over the creation of wealth. That can be changed. Policy choices can be different choices.bonkerseconomics.netBonkers Economics | HomeDiscover why the UK economy is failing. Explore powerful images and stories revealing how wealth accumulation at the top harms society. 111
Bonkers Economics @martinwhitlock.bsky.social · 28/07/2026There's something in the CEO pay image that goes beyond the numbers. 40 years ago, there was a shared sense of purpose in a lot of economic activity. People in a car factory knew they were making cars. Everyone (management, workers, unions) was oriented toward the same thing. 111
Bonkers Economics @martinwhitlock.bsky.social · 27/07/2026The series is complete. Here is the argument it made, in 12 steps. 1. The economy has a productive half and an extractive half and the extractive half has grown to dominate. 2. That shift happened over 70 years, accelerating sharply in the 1980s. 100
Bonkers Economics @martinwhitlock.bsky.social · 27/07/2026FINAL VIDEO: 12 images. 12 reasons. This is the last one. The twelfth image is about CEO pay. In three days in January, top UK bosses earn what the average worker earns in a year. Their pay has gone from 11 times the average to 120 times — in a generation.youtu.beUK CEOs earn a year’s pay in 3 days! Here’s why it’s wrecking the economy. | Bonkers Economics Ep.12Top UK bosses now earn in just three days what the average worker earns in an entire year. By 5 January, that gap becomes impossible to ignore. But this isn’t really about fairness, it’s about what… 111
Bonkers Economics @martinwhitlock.bsky.social · 26/07/2026Between the start of 2026 and 5th of January, the UK's top bosses will have earned more than the average worker earns in an entire year. Three working days! In the 1970s, chief executives were paid about 11 times the average worker. Today: 120 times. 100
Bonkers Economics @martinwhitlock.bsky.social · 24/07/2026One image left. One episode to go. Eleven weeks. Eleven reasons. One argument that's been building from the first image to this one. Next week is the finale. The twelfth image. The conclusion. If you've been watching since episode 1 - thank you. The last one matters. 100
Bonkers Economics @martinwhitlock.bsky.social · 23/07/2026It would cost about £1.2 billion a year, for roughly 12 years, to fix the UK's pothole backlog. The big four banks returned £24 billion to shareholders in 2023 alone. The government says it can't afford to fix the roads. 100