Socialdem. 21st Century

A recent talk by Steve Keen on how private debt/credit causes financial crises:[embedded content]

Steve Keen gives a talk below on 22nd March, 2018 at the Bournemouth Labour Party members’ meeting on “Can we avoid Another Financial Crisis?”:[embedded content]

Steve Keen gives a talk here on banking and the money multiplier (published on 2 May 2018):[embedded content]

Steve Keen gives a talk here on alternative (non-Neoclassical) foundations for macroeconomics:[embedded content]

Steve Keen gives a talk in March 2018 here on endogenous money as tribute to Basil Moore:[embedded content]

Stephen Cohen points out how dangerous the current drive to military action in Syria is:[embedded content]Fortunately, there are signs that, if any US missile strikes happen, it will essentially be a PR stunt with the Russians being warned in advance of the targets, as Russia Insider has reported. If true, the real danger is that mistakes can be made and things could get out of control quickly, especially if wider Middle East tension erupts and military intervention is taken by Israel, Iran...

As noted in this post here, even in 1948 low level immigration into the UK from its colonies caused a number of Labour Party MPs to oppose mass immigration, and they sent a letter to Clement Attlee, as follows:“This country may become an open reception centre for immigrants not selected in respect to health, education, training, character, customs and above all, whether assimilation is possible or not.The British people fortunately enjoy a profound unity without uniformity in their way of...

“The Academic Agent” has a video here on what he calls “Six Key Lessons from Classical Economics” (but actually from both Classical and Neoclassical economics):[embedded content]Of course, not all of his points are wrong. And, since I assume various followers of “Academic Agent” will read this, let me state: I support Post Keynesian economics, a non-neoclassical version of Keynesianism.But let us break this down as follows, point by point:(1) “Wealth is not Money”.This is true. Money is...

Explained in this interesting and concise video:[embedded content]In reality, human beings evolved to have ethnic identity and ethnocentric cooperation. This is the real basis of socialism as a political or economic form of political organisation within a modern nation state. Multiculturalism and multi-ethnic mass immigration will undermine and destroy a society that has a strong level of social and ethnic cohesion with democratic “socialism” in the non-Marxist sense (that is, a welfare...

In 1948 after World War II, Britain started to receive low-level immigration from its colonies. But – even within the British Labour party of that era – there were those who sensed that this could be the beginning of mass immigration on a scale likely to cause serious problems in Britain.For example, the Prime Minister Clement Attlee was sent a letter on 22 June, 1948 signed by eleven Labour members of parliament who opposed mass immigration into Britain.This letter said the following:“This...