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.
The manufacturing numbers from China at the weekend showed how hard the sector was hit by the lock-down in Wuhan and neighbouring districts. In today’s FREE Debunking Economics podcast Prof Steve Keen says the rest […]
The MMT Podcast – Ndongo Samba Sylla: The CFA Franc & The Movement For Monetary Sovereignty In Africa
Patricia and Christian talk to Senegalese development economist and author Ndongo Samba Sylla about the political challenges facing countries with limited financial sovereignty and Africa’s last colonial currency – the CFA Franc. Listen here
Countries whose economies are dominated by large financial centres suffer a “Finance Curse” that is rather similar in cause and effect to a “Resource Curse” that afflicts many countries whose economies are dominated by large […]