martes, 2 de junio de 2015

Interesting talk by Prof Steve Keen at the London School of Economics

A very good talk to anyone wanting to understand the economic system as it is, not as a dogma you believe.

Around minute 15, it's interesting how he compares Greece and Spain.

He start with "what should be done in Greece?" Then he mentions, how many people would argue that what happen is Greeks fault. And then he says how you can not say that about Spain, where the same thing happened, and as a Spanish it is a really nice thing to hear, but to the point. Just before the crisis Spain was doing everything right according to the EEU (Debt to GDP, Public Debt to GDP, no deficit there was even a surplus), so then, what happen to end up like the Greeks if we were doing what we were suppose to do?

That is actually a really good point to start questioning Neoliberal Economics when they fail to explain reality.

I think this is a very interesting talk and although I am not an economist, just a normal person interested in economics, you can follow and understand what he is saying.



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