Would You Have Kids Today? Economist's Dark Warning About the Future | PBD Podcast #835
Summary
Economist Steve Keen critiques mainstream economics as ideological fraud, arguing that neoclassical models ignore how money is created and drive financial instability through deregulation. He defends Marx’s logical rigor while praising China’s hybrid system for combining state infrastructure planning with private-sector innovation. Keen advocates for canceling private debt and lowering interest rates to prevent a deflationary crisis, dismissing vaccine-autism links as nonsense.
Topics discussed
Introduction and judging economists
Critique of Marx and Friedman's logic
Why Soviet communism failed vs China's success
Defining capitalism, communism, and socialism
Public goods, healthcare, and US vs UK systems
Vaccines, autism, and RFK Jr's claims
Alan Greenspan, Fed policy, and interest rates
Financial deregulation and debt jubilee proposals
Wealth disparity and AI's economic impact
Guest's background, Ravelation, and career
Guest's academic journey and Marx critique
Climate change economics and scientific models
Wet bulb catastrophe and space colonization
Strait of Hormuz, famine risks, and conclusion
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