In 2007, Richard Murphy, a chartered accountant and tax justice campaigner, accurately foresaw the global financial crisis. His insights into that crisis caught the attention of leaders from David Cameron to Barack Obama, and led to global tax evasion reform.

Today, in 2026, Richard warns that we are heading for an even greater crash. And if the AI bubble bursting coincides with escalating war in West Asia, and the impacts of climate change turbocharged by El Niño, he warns the results could be ‘cataclysmic’.

On Downstream this week, Aaron Bastani sits down with the rogue accountant, campaigner, university professor, whistleblower and, latterly, YouTuber, to discuss the coming poly-crisis. Will the AI bubble bursting be more like the dot com bubble or the 2008 crash? Why are governments including Britain’s telling us to stock up on water and food supplies? And are the Treasury’s claims that there are limits to spending based in truth, or just an excuse for cowardly leadership?

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