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
Richard Murphy – We have to redistribute income or wealth or face fascism: that is the choice before us
Facism is the logical and ultimate political form of neo-liberalism Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the Green New Deal as well as blogging at […]
Economics
Renegade Inc. – MMT: Letters from America with Stephanie Kelton
It was Victor Hugo who said that all the forces in the world are not so powerful as an idea whose time has come. In the US, inequality and collapsing capitalism means the idea of […]
Economics
Open Democracy – Can radical social democracy save us?
Paul Mason, Dr Faiza Shaheen, Anthony Barnett and Dr Johnna Montgomerie discuss whether radical social democracy offers a way out of the crisis of neoliberalism, and what that means for future economic policy. […]
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