by Summary:
Japan's Slowing GDP Due to Wealth Concentration
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Steve Keen considers the following as important:
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Japan's Slowing GDP Due to Wealth Concentration
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Japan's Slowing GDP Due to Wealth Concentration |
So if we take the UK and wealth inequality. The workers have handed over 20% of their income, real wealth to the welfare state.
Where's that wealth? It's all gone.
In it's place is a debt that economists won't talk about.
I don't get it.
@@ThomasVWorm You won't get it. They have taken it all
@@adenwellsmith6908 who did take what from who?
And Michael Hudson knows that that would only be true of energy, its reserves, supply and cost, wasn't factored in.
Michael's report on the reason why the Roman Empire of rent seekers and cleptocracy, held up by excellent engineering for a long time, collapsed when wealth circulation stalled, as is the death of many such Empires not destroyed by climate etc.
The fossil fuel Military Industrial Complex is a direct equivalent, and the only suggestion for viable support is immediate shift to Nuclear and the QM-TIME education required to understand what, how and why.