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.
After the Global Financial Crisis, developed countries all over the world have created housing bubbles to prop-up their ailing economies, driving up prices, forever locking young people out of the market, diminishing their chance of financial security. You would be forgiven for thinking housing is the problem. In reality the problem is not housing but land. We explore why a land value tax is the only way to ensure prosperity for future generations.
Britain is in the grip of a housing crisis. But contrary to some Daily Mail speculators, the bricks and mortar economy is not going the way of Japan, circa 1990. Economist, Neil Wilson, explains why the same economic and political forces suppressing Japanese prices will keep British prices artificially inflated for the foreseeable future.