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We have smashed ourselves without realizing it…

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We have smashed ourselves without realizing it...

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We have smashed ourselves without realizing it...
Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

3 comments

  1. We have central banks. Trillion dollar stimulus by the government. Banks to big to fail run by the friends of the government. The economy is manipulated to prevent natural cycles from completing. Policy is run for the benefit of the 1% by the 1%. We already have a sift marxist economic system. Profits are privatised but risk is nationalised. This is not capitalism. This is a soft version of a command economy.

    • There is nothing natural about any type of economy, since it is man made.

      And you are a dreamer, when you believe in markets. What economists tell about markets is a fairy tale. They will never ever work like this as long as we use capital (machines etc.). If we don't use capital we will be poor as mice and don't need markets at all but only some ground to grow food for ourself.

  2. Oh btw. Marxism hasnt worked anywhere and where it has been tried it has resulted in a ruling class, poverty for the masses, opression and persecution of the intelligentsia. Thats not my kind of utopia. You can have a go on your own but please dont expect us to pay for it, participate in it, or subject our kids to your experiments. Thanks.

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