Phil Mullan’s ‘Creative Destruction: how to start an economic renaissance’ is a vital intervention to the economic debate. Here he delivers the Battle 2017 Lecture which explores the sluggish state of the Western economies and how we can create a better future. Low interest rates, corporate welfare and current regulatory practices foster corporate dependency and prolong economic stagnation. Unproductive, unprofitable firms are kept on life support when they need to make way for more productive, innovative ones. He argues that we need a great political and cultural change to deliver the radical economic restructuring that could lay the foundations for the next industrial revolution. The chair is Angus Kennedy.