But where will we find the money?

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Renegade Inc’s Claire Connelly was recently interviewed by Redacted Tonight’s Lee Camp about the myths of money & history that led to the present political crisis. Here is the summary of how government spending works…and why the current misunderstandings mean we are now in trouble.

Why capitalism is safer in Corbyn’s hands

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You know there’s something deeply wrong with the state of the global economy when American venture capitalist, Nick Hanauer, reaches consensus with Jeremy Corbyn, that if capitalism doesn’t change fundamentally, it will destroy itself. 

Universal Basic Income – Utopian or Real?

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Universal Basic Income (UBI) is one of those ideas that has divided public opinion into two opposing camps: Those who think it would result in disaster, as humans cannot be trusted. The other camp feels that a UBI would be liberating, allowing people to concentrate on the important things in life, not just earning a living. Rutger Bregman is a writer, widely acclaimed for his book, Utopia for Realists. In it, he champions Universal Basic Income and a 15 hour work week. So, we went to the Netherlands to ask him if the time for these ideas has arrived.

HBOS, KPMG & FRC: a trio mired in scandal

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How much credence can shareholders of public companies safely attach to financial statements that carry a “true and fair” imprimatur from their auditors? Big-4 firms hold the lion’s share of public company audit appointments, yet they are regularly found to have issued “clean” reports on accounts that grossly misrepresent the results and financial position of client companies, causing severe damage to shareholders’ interests.

What to Expect in 2018

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On this week’s show the economist Steve Keen, the anthropologist and writer David Graeber and the political economists Ann Pettifor and Robert Wade are here to discuss the megatrends that’ll affect the world this year.

Socialism for the rich

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The principal objective of the UK tax system, in which the poor pay a higher proportion of tax than the rich, is not to improve the collective well-being of society, but to funnel cash – largely through tax cuts – to the corporate elite. This isn’t free-market capitalism in the formal sense, but socialism for the rich – a form of state capitalism – no different in principle to the old statist economies of the former Soviet Union.

Why have wages been allowed to stagnate?

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People in minimum wage jobs today are doing much worse, relative to the well-off, than they were 50 years ago. Recently, one of our readers wrote in to ask us to explain why minimum wage rates have been allowed to stagnate. Steven Hail delves deeper and shares a few reasons why…

Pump, Dump & Blame it on Trump – 2018: What you need to know

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As stock market highs continue in earnest, it seems like there is no stopping global asset bubbles. But things are not at all what they seem. Mitch Feierstein looks into why today the levels of debt, credit, and leverage in most markets exceed 2008’s pre-crisis highs and what this means for us in 2018.