What happens when we confuse price with value? We end up undervaluing care. We pollute more. And the financial sector is allowed to brag about how productive it is—while often just moving around existing value, created by others. Most importantly we end up with a form of capitalism that rewards value extraction activities over value creation, increasing inequality in the process.
Steve Keen’s newest frontal attack on neo-classical economics. You can follow Steve at his blog PATREON
Dr Steven Hail explains the terminology and the mechanics of government bond issuance to Christian. Listen here
16 May 2024 The State of the Union is a series of events organized by alternative media organizations Brave New Europe and Conter ahead of the European Parliamentary elections. The EU used to claim that […]
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