This pandemic has been massive amounts spent by governments, and a chunk of that government debt is being bought by central banks. But with central banks buying up government bonds, whilst maintaining low interest rates, who is really benefiting? The answer, of course, is the wealthy. This week Steve Keen explains why the current situation is widening inequality, with the central banks at the front and centre of tis change. But government policy is helping too, in the wrong direction. So, is there any way out of this. Or has COVID-19 simply amplified a trend that was already upon us?
As we enter 2020 this is what lies ahead for all of us: One climate disaster after the other. Steve Keen on the fires in his native Australia. Do remember, the Australians have voted in […]
Mariana Mazzucato, professor in the Economics of Innovation and Public Value at University College London (UCL), where she directs the Institute for Innovation and Public Purpose, and the author of The Value of Everything: Making […]