Steve covers why the Neoclassical model of banking known as “Loanable Funds” is a dangerously misleading caricature of actual banking, why credit has a crucial role in macroeconomics, and why savings is a sensible activity for individuals but has a destructive impact on aggregate demand.
Geopolitics
Bassem Youseff – Interview by Piers Morgan concerning Israeli genocide against Gaza
This has to be one of the best interviews in years. Watch HERE
Economics
Wolfgang Streeck – Contradictions of Capitalism: Past and Present
The wellbeing of a capitalist society depends on the endless accumulation of privately owned capital. This requires a replacement of input-minimising by output-maximising rationality. One result is a fiscal crisis of the state, due to […]
Climate Crisis
Steve Keen, Phil Dobbie – Steve Keen’s Predictions for 2021
Earlier this year Phil Dobbie asked Steve keen for his predictions for 2020. Without a whiff of COVID -19 IN THE AIR, Steve talked of a capitalist economy on government life support. On that he […]
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