There are two drivers for capitalism – the desire to consume and the desire to accumulate. Whilst the first is as strong as ever, the rising price of assets is making it harder to accumulate. So does this influence how effective capitalism is – will we work as hard if we know we can’t afford to accumulate? Or if they can afford to accumulate do they do it at the cost of consuming? Phil Dobbie talks to Prof Steve Keen about how consumer behaviour is changing and the impact in the broader economy.
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A rebirth of localism
Wealth in UK is very concentrated in the southeast. How do we make it less so? I discuss local banking, administration, politics, and money with Steve Keen.
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NAB forecasts two rate cuts; Powell on Primetime
The good and bad of Friday’s payroll’s data. Plus the lowdown on NAB’s revised rates guidance from NAB’s Ray Attrill.
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The Crisis Ten Years On
Prof Steve Keen suggests another crisis might not be away. This time, we might not see banks collapsing, but the economic impact will be just as spectacular.
