Episodes
"I'm not going to be somebody who says we have to stay there for the sake of peace in our time and lock ourselves into a policy system which is actually causing the collapse of Europe."
Join the provocative economist Steve Keen on Hard Talk as he challenges the foundations of modern economics and the European Union. In this riveting discussion, Keen explains why he believes the euro is detrimental to Europe's economic health and why he supports Brexit despite potential economic downsides....
Published 07/24/24
"When QE first started, I called it a pact with the devil, a bit like signing a contract with Mephistopheles because once you've signed this contract, you know you can't get out of it."
Join economist Steve Keen as he delves into the intricacies of Quantitative Easing (QE) and its long-term implications on the global economy. In this video, Keen critiques the Federal Reserve's strategies, debunks the myth of the wealth effect, and explains why current economic policies might be setting us up...
Published 07/22/24
"Was Karl Marx's vision of socialism truly utopian or an inevitable shift dictated by economic forces?"
Dive deep with our expert as they break down the difference between Marxian economics and Marxist political ideology. Unwrap the critical role of the 'tendency for the rate of profit to fall' in Marx's theories and how this economic principle is posited as the catalyst for a socialist future. Explore the historical context of utopian socialism versus Marx's claims of an inevitable societal...
Published 07/17/24
"How did the ideas of Karl Marx lead to Stalinism?"
In this engaging video, renowned economist Steve Keen delves into the complex history and ideas of Karl Marx, exploring their impact on the emergence of Stalinism. Keen discusses the interplay between socialism, capitalism, and central economic control, drawing on historical examples and personal anecdotes. Join us for an insightful discussion on the evolution of economic systems and the consequences of ideology-driven governance.
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Published 07/15/24
"Schumpeter's argument, it's the deviation from equilibrium that's where all the fun happens, that's where all the magic lies."
Dive deep with us as we explore Austrian Economics and Schumpeter's revolutionary vision of capitalism. Understand the intricate dance between equilibrium, innovation, and finance that drives our economic systems. Discover how entrepreneurship, money creation, and financial engines have shaped the dynamic world of capitalism we experience today.
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Published 07/12/24
"The Nazi regime's 'socialism' was a facade, merely directing industry, not owning it."
Dive deep into the intricacies of fascism and socialism in our latest discussion. Discover how true socialism contrasts starkly with the Nazi regime's so-called 'national socialism,' which involved state direction rather than public ownership. Understand the importance of ownership of the means of production and how terms are often misinterpreted and misused in political discourse.
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Published 07/10/24
"I say don't do an economics degree...doing an economics degree is like learning Ptolemaic astronomy."
Steve Keen shares unconventional career advice and personal reflections. In this captivating discussion, discover why Keen advises against traditional economics degrees and advocates for a more dynamic approach to education through system dynamics. Hear his inspiring story of choosing principles over security and the lessons he's learned from a life led by passion and integrity.
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Published 07/08/24
"The biggest danger in capitalism is the debt deflation far more dangerous than inflation."
Join the influential economist Steve Keen as he delves into the critical threats posed by debt deflation within our capitalist system. Learn about the intricacies of private debt, financial instability, and the paradox described by Irving Fisher. Unpack how historical and modern economic policies influence today's financial landscape and discover Keen's insights on steering away from economic...
Published 07/05/24
"Government running a deficit is a feature of a well-functioning mixed fiat credit economy, not a bug."
Join Steve Keen as he debunks common misconceptions about Marxism and the importance of government deficits. In this important discussion, he explains how modern monetary theory and government spending can reduce societal angst and improve the standard of living, especially for those less privileged. Discover how these economic principles can create a fairer and more stable...
Published 07/03/24
"Economic systems are some of the most complex on Earth, and understanding them means using the right tools, which we've fundamentally failed to do."
Join Steve Keen as he delves into the true essence of economics and its profound impact on human civilization. Discover why he believes the field has lost its way and how adopting engineering principles could revolutionize economic modeling. From the exploitation of high-grade energy sources to the need for respecting life, Steve challenges...
Published 06/28/24
"The fundamental failing of socialism was the inability to innovate, as illustrated by a 1940s motorbike still being produced in Soviet Russia decades later."
Join Dr. Steve Keen as he dives into the complexities of socialism versus capitalism, drawing on historical examples and economic theories. Discover why socialism, despite its lofty ideals, struggled with innovation and how capitalism's relentless drive for competition spurred technological advancement. Through the lens of Janos...
Published 06/25/24
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"Money is fundamentally a threesome, and everybody gets involved."
Explore the complexities of modern monetary theory with Steve Keen as he breaks down the true nature of money in today's economy. Discover why money is not a commodity, but rather a set of promises within a banking system. Steve Keen, a contrarian economist and research fellow at the Institute for Strategy,...
Published 06/23/24
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"There was the centralization of the economic stuff, the GOS Plan approach. I think that was where the Soviets failed, and what the Chinese realized after what they went through under Mao was you have to have that capitalist period, but they weren't going to abandon the communist control politically of the country at the same time."
Join us as Steve Keen delves into the...
Published 06/18/24
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"That's right, and so that's what makes them interesting."
Dive into a thought-provoking journey with a critical analysis of historical and modern economic theories as unfolded in the conversation. Uncover why ancient economic insights might hold key solutions to today's financial uncertainties and how a contrarian viewpoint can dismantle longstanding economic beliefs....
Published 06/16/24
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"The tensions between our basic humanity and the capitalist machine can transform society over time."
Dive deep with Steve Keen as he unpacks Karl Marx's revolutionary ideas and their relevance in today's world. Discover how Marx's concept of dialectics, and his critique of value in capitalist societies, still hold powerful insights into our modern economic systems. From...
Published 06/11/24