Friday, September 30, 2016

Steve Keen on China and Private Debt Crises

Recently on RT’s Boom Bust:

Note well: it’s actually not necessarily a bad thing if the right-wing parties are in power when these debt crises happen in the West, because this will help to discredit neoliberalism and conservative free market theology.

Realist Left
Realist Left on Facebook
Realist Left on Twitter @realistleft
Realist Left on Reddit
Realist Left Blog
Realist Left on YouTube
Lord Keynes on Facebook
Social Democracy for the 21st Century: A Realist Alternative to the Modern Left

Alt Left on the Internet:
Alternative Left on Facebook
Alt-Left on Google+
Samizdat Broadcasts YouTube Channel
Samizdat: For the Freedom Loving Leftist

I’m on Twitter:
Lord Keynes @Lord_Keynes2

1 comment:

  1. Given that the Chinese banking system is nationalised shouldn't it be quite easy to address any debt problems ie write them down to a sustainable level and increase aggregate demand through govt spending? Keen seems to have a habit of making super confident doomsday predictions that don't always play out. I think there's more sage post Keynesian economists around.