Steve Keen: Economic Crisis and solution – abolish debt

from Saturday Morning on Saturday 26 May 2012

Professor of economics and finance at the University of Western Sydney, author of Debunking Economics, and one of a minority of economists to predict the current financial crisis.

http://www.radionz.co.nz/audio/remote-player?id=2520012

Professor Steve Keen comes up with a radical solution to the gobal economic crisis. He targets neo-classical economics which is a consumer oriented economy.  He suggests we need to think collectively and socially and abolish debt. We need to bail out people rather than the finance sector (listen from about 30 mins in).

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One response to “Steve Keen: Economic Crisis and solution – abolish debt

  1. Hi Helen. I thought this was crazy until I pondered a bit. It’s great when you come to an idea that’s starkly profound and new. Great blog. Huge number of hits.

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