The government has learned to use QE to fund the coronavirus crisis, which is all well and good except for the fact that there are significant wealth inequalities arising as a result as some in the population save substantial amounts. If we are to prevent runaway asset inflation arising a way to use those savings has to be found and they have to be used to fund constructive activity. I outline some new thinking on this issue in this video. There is much more thinking to do in this area if social justice is to exist after coronavirus.
Economics
Renegade Inc – Guy Standing: Power to the Precariat
It’s unlikely that you’ve heard of it, but it’s likely that you’re part of it. As neoliberalism rages on, the human scrap heap gets bigger and bigger and this is creating a dangerous new class […]
Climate Crisis
The Great Debt Debate Q&A with Michael Hudson, Steve Keen, Pavlina Tcherneva and Astra Taylor
The First Fight between Michael Hudson and Thomas Piketty about the nature of Debt was held on the 10th anniversary of the edition of David Graeber’s 5000 Years of Debt. The fight had so many […]
Economics
Renegade Inc: Michael Hudson, Richard D. Wolff – America, Money or Your Life
During quarantine, what better to do than check in with two of America’s great economists? We wanted to know where next for capitalist America as this deadly virus grips an already frail economy. Has the […]
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