7 min
False economies of scale. Our system won’t finance affordable housing
https://www.youtube.com/watch?v=Iql15kva-J0
#housing #ChuckFromStrongtowns #economics
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Where mainstream economists argue merchants don't really want to accumulate money.
"I have read few more delusional paragraphs than that. Of course capitalists want to accumulate money! Of course they conceal how much they have! "
It's the ridiculous assertion people don't accumulate money / wealth so they can make more money that way. I mean "banks", right?
https://profstevekeen.substack.com/p/the-meme-that-is-destroying-western-eb7
Building a New Economics · The meme that is destroying Western civilisation Part IV
mar 23
4 min video
Consolidation followed by strip mining the surviving whales.
What could go wrong?
mar 18
5 min video
Wherein I disagree with both interlocutors for different reasons. Keen argues that educating politicians about MMT might make them less subject to banker influence (not really the problem) and rebel capitalist thinks shriveling the fed gov will fix banker influence, which is also not the problem.
Feb 8
16 min video
Conservatives are incompetent. I think critics of capitalism should point that out.
Replied in thread
@jvagle my own reaction is that this farce would have not happened if employees where owner/managers.
Granted the actual details are tricky: airlines as much of our conglomerate world are financial institutions not manufacturers or service. I don't know how coop structure could break out if this. Application of anti-trust is needed.
What is clear is that 'markets' that should define capitalism, have largely died. We live in futuristic manorialism
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