Our version of capitalism is something the narcissistic writer Ayn Rand would have adored, but in a headlong rush to hyper-individualism, have we chosen freedom of the individual over the survival of our species…
Host Ross Ashcroft is joined by economist and author, Professor Steve Keen to discuss why coronavirus has closed capitalism.
Interview begins around 9.40 minutes into the show.Gung-ho interviewer, Bart Chilton, apparently hoping to recommend investing in Australian stocks, found out that Australia's economy is about as diverse as Uganda's and Ethiopia's, that it consists of holes and houses, and that Australian governments have stupidly marketised energy, making costs too high for Australian manufactures. "Energy and telecommunications are both being disastrously mishandled." Banks and mines dominate the Australian stock exchange, which reminds Keen of when they dominated the Japanese stock exchange - just before the 1990 bubble burst, with no important banks situated in Japan anymore. Our stock market is trivial compared to our bond market. Dr Keen also mentions the , which is worth a look.
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