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?
Modelling the imperative of degrowth: to bring energy demand down to the point where we can eliminate carbon emissions by 2030, in a safe and just way. At first glance the article may appear technical […]
Consumer and student debt in the UK have reached unprecedented levels and are a warning that austerity could lead to a new financial crisis, explains Positive Money’s economist Edward Smythe in this interview for The […]
Ada Colau was elected in 2015 as Barcelona’s first woman mayor. Under her leadership Barcelona has increased social spending to historic levels, spearheading initiatives to prevent gentrification by increasing public and social housing, created a […]