This week @profstevekeen explains why a revolution never really happened in the way Marx prescribed, but how it could when workers fight for their part of a shrinking global economy.
Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession
Soaring temperatures in the US and Canada this week are another reminder of climate change. Christine Lagarde says the EU needs to spend €330 billion every year tackling the problem, but where does the money come from? Do governments create it, or do we divert existing money to green initiatives? Question I put to @ProfSteverKeen on this week’s Debunking Economics podcast.
The economy is based on the here and now. Whilst we complain about government debt being a cost to future generations, we don’t invest in future generations if it’ll compromise our current lifestyle. I ask @profstevbeken, is that any way to save the planet!
When iron ore prices were rising currency markets largely ignored it. Now it’s falling, the Aussie dollar is more susceptible says NAB’s Ray Attrill. So how low will it go? https://t.co/Qu30Mo9S46