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The Hidden Costs of Capitalism

The Hidden Costs of Capitalism

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The Hidden Costs of Capitalism
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.


  1. Not really a cost of capitalism, and especially the amount of government interference, popping up, steering, regulations and control. Not a market process. So not a capitalist process. For one is there even competition with currency? Government forced monopoly, government decided interest rates, even GSEs buying up mortgage back securities, and depending the country, governments providing half the mortgage to prop up the value of those mortgages. Not much capitalism at all

  2. This word Capitalism is becoming inherently confronting because of mafia-like organization of global Control Fraud conditions.

    Financial promissory contracts are symptoms of investment in belief systems, Capital Management and Accountability would identify Capitalism as putting the cart before the horse, buying a pig in a poke bag, and not checking the horse's teeth either way. Or, why are lies and deceit standard political currency in finance, not the real-time Accountability for goods, services and health?

    It's all gone Digital and it's not coming back.

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