Companies and governments are racking up massive debts to cope with the impact of COVID-19. Apart from grants for a month or two of partial salaries, the approach has largely been to extend easy short-term credit to those people and businesses struggling to survive. We can expect, once an initial amnesty on repayments has passed, many of these companies will go to the wall, adding to the massive peak in unemployment. How can economies grow when individuals are piled high in debt and governments are forced to use austerity to repay their massive spending programs. Steve Keen has argued that debt needs to be written-off, even before the Corona crisis. Now seems like the right time for society to discuss the benefits of a debt jubilee. The only downside seems to be a significant reduction in the size of the finance sector. Can we live with that? Or, perhaps they can shift their emphasis to more productive investments.
Climate Crisis
Steve Keen – “What Economists Don’t Know about Climate Science Can Kill Us”
26 March 2024 Infuriated at how those in our financial system insist on stubbornly investing in the exact opposite of what everyone on Earth—including them—needs to ensure stable planetary systems? Prof. Steve Keen, delves into […]
Geopolitics
Raz Segal, Chris Hedges – The Death of Holocaust Studies
10 September 2025 Raz Segal, an Israeli historian and an associate professor of Holocaust and Genocide Studies at Stockton University, analyzes how the weaponization and distortion of the Holocaust, in the midst of the genocide […]
Economics
Renegade Inc – The business of common sense
Many business books have been written on management but very few have sighted management as the stumbling block to fulfilled and engaged employees. After reading a library full of these tomes and then dropping out […]
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