Owen Jones talks to Ha-Joon Chang: 'austerity is based on lies' – video interview

International bestselling economist, Ha-Joon Chang, tells the Guardian’s Owen Jones that there is no need for the Conservative party’s austerity programme. Chang says austerity is a ‘self-defeating strategy’ and an attempt to undermine the welfare state. The Cambridge professor also discusses inequality, asking whether the UK has ‘socialism for the rich and capitalism for the poor’.

An extended version of this interview is available on Owen Jones’s YouTube channel