#stevekeen — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #stevekeen, aggregated by home.social.
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The West chose paper. China chose production.
Economist Steve Keen lays it out:
• 40% lower US per capita income vs pre-neoliberal trends
• 60% of China's leaders are engineers—they build 50-year plans, not 4-year election cycles
• US infrastructure: C-minus. China: breaking bridge records in 2026The 21st century won't be won by rhetoric. It'll be won by competence.
#Economy #China #Infrastructure #SteveKeen #WorldOrder #USA #Capitalism #IndustrialPolicy
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Steve Keen's new YT proves that the Neoliberal Project has been an "epic failure." He draws a straight line between the fantasies & fallacies of Neoclassical ("mainstream") Economics and the broken promises of Neoliberal policies. This one hits hard! 18 minutes
#NeoliberalFailure #NeoclassicalNonsense #EpicFailure #BrokenPromises #SteveKeen
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Here's a fantastic - and all too rare - example of speaking truth to power! Economist Steve Keen gave former Trump advisor Stephen Moore a heaping helping in a recent Piers Morgan interview. Moore's tiny little brain nearly exploded when Keen said "You're the bad guys!" after Moore intoned about the evils of the Iranian government.
A ten-minute segment is here: https://www.youtube.com/watch?v=34ljs1ysnl8
If you have time for the full episode, it's here:
https://www.youtube.com/watch?v=dbVdnL6HWOgEnjoy!
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“A static state is imaginary. All actual #societies are #dynamic; and those that we have principally to study are highly so. Heroically theoretical is the study that creates, in imagination, a static society.” open.substack.com/pub/profstev... #economics #equilibriumanalysis #DSGE #SteveKeen
Equilibrium (is) for Dummies -
Why are houses unaffordable from London to Sydney?
It’s not just “supply & demand” — it’s the rocket fuel of bank-created mortgage credit.
Steve Keen uses long-run BIS data to show how real house prices were flat for a century, then exploded after the 1980s when banks unleashed mortgage lending. The real driver? Not the level of debt, but the change in the change of mortgage debt — the credit impulse.#HousingCrisis #PrivateDebt #CreditBubble #SteveKeen #Economics #HousePrices #DebtDynamics #Macroprudential #Inequality #PropertyBubble
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Again, people. Neoclassical economics is broken: It ignores private debt, making the WRONG assumption that it’s just transfer of spending power from one actor to another, when in fact the data overwhelmingly shows that private credit inversely correlates with the economic boom/bust cycles of capitalism.
You may not like Professor Steve Keen, but his theories are simply better than neoclassical mainstream supply/demand equilibrium economics.
From
https://youtube.com/watch?v=TZdjT8TaQPc
#economics #stevekeen -
“If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”
Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.
We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.
https://www.youtube.com/watch?v=9TDSGSg6rr4
#economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism
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The solutions put forward look worthy of investigation and being widely debated.
(EDIT: After reading "economic explanations" I missed "Show more" so didn't see the Doctorow link to an easier presentation. The following may be extraneous.)
And diverse ways of communicating the solutions need to be developed.
Not everyone is prepared to engage in cave diving, nor in reading economic explanations of finer points. -
Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected] ·Pluralistic: How to fix the UK housing crisis (13 Oct 2025)
https://web.brid.gy/r/https://pluralistic.net/2025/10/13/castles-not-assets/
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#FYI #HerbSimmens #ClimateEmergencyForum #SteveKeen #economy #economics #growth #exponentialgrowth
Excellent lecture! Steve Keen dismantling the "idiot savant economists". Thank you sir.
https://www.youtube.com/watch?v=EHQjeYQA35w
#climatechange #ClimateEmergency #ClimateCrisis #ClimateBreakdown #ClimateDisruption #globalWarming #globalHeating #ExtremeWeather #EcosystemCollapse #systemcollapse #ecocide #fossilfuels #Co2 #Co2Emissions #GreenhouseGases #polycrisis
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Prof Steve Keen exposes the drastic harm of climate policies based on spurious economics.
This 17- min yt debunks the execrable climate work of Prof Wm Nordhaus, author of a paper savaging The Limits to Growth (on deceptive premises) shortly after its 1972 publication.
We have all been paying for policies, laws, and practices dismissive of the effects of global heating ever since. It's bad, folks!
#SteveKeen #GlobalHeating #Econ #ClimateScience
#ScienceBasedEconomics -
@kottke btw, Prof Keen recently addressed the UK actuarial society too - and he's a close friend of one of the authors of the actuaries' report.*
Simply stated, Prof Keen is deeply conversant with climate science. The same can not be said of the "mainstream."
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Professor Steve Keen has released a video of his address at the Yale Initiative on Sustainable Finance (YISF) annual conference:
https://www.youtube.com/watch?v=QGfaqALkc40
For those following along, Yale is home of Nobel Prize-winning economist Wm. Nordhaus, whose bullshit "climate economics" may have already consigned us all to oblivion.
In this talk Prof Keen explains how.
#SteveKeen #economics #climatechange #EconomicsOfClimateChange #EconomicsOfEnergy #GDP
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Prof Steve Keen recommended this short climate film to the seminars. So glad he did - I echo his recommendation! Strong shared themes with the climate elements of his critique of mainstream econ, incl. feedback loops, tipping points, and complex systems. And yet, accessible! An important film.
#ClimateExtremes:AtTheAbyss #SteveKeen #climatechange #systemdynamics #feedbackloops #tippingpoints #amoc
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>#SteveKeen on economic ideology, capitalism and the future - Jung & Naiv...<
#Economic Thinking without #climatechange =
Neoliberalism#EconomicJustice #Climatecrisis
#Biodiversity -
Whew! Steve Keen's legacy seminar was a real treat today! Watching him building data-analysis models on-the-fly in his own systems dynamics & double-entry accounting program - Ravel - is poetry in motion!
He mentioned recently that he now has a promotions assistant who helps maintain his social media accounts; today I asked him if he and/or the assistant could set up an account on Mastodon. He said, "That's a good idea!" So, fingers crossed...
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#ClimateCatastrophy and the pending global financial crisis
(2/2)
...meltdown [due to climate change] would occur?"
#SteveKeen: 👉"It's going to be this decade."👈
*Head of School of Economics, History and Politics, #KingstonUniversity in London.
https://www.patreon.com/ProfSteveKeen
https://substack.com/@profstevekeen
https://www.youtube.com/@ProfSteveKeenCc @GhostOnTheHalfShell @economics-that-works @academicchatter
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#ClimateCatastrophy and the pending #GlobalFinancialCrisis
(1/2)
#Economics professor that had been warning about a global financial and a public debt crisis since 2005 👉predicts the end of human civilization due to the #ClimateCrisis👈:
q: How serious do you think #GlobalWarming is?
#SteveKeen*: "I think, 👉human civilization will not survive!"👈
q: "When do you anticipate the next financial...
Source:
https://youtu.be/kiXTWs_sGl0?feature=sharedCc @GhostOnTheHalfShell @economics-that-works @academicchatter
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@economics-that-works
@academicchatter
#climatechange #economics
#SteveKeenA few economists get climate change.
7 min
Climatologists ignored for criminally negligent economists like Nordhaus trivializing the effects of climate change on humanity.
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@KeithDJohnson The heterodox economist Professor Steve Keen posits - and demonstrates - that much of that 'lack of political will' can be laid at the feet of the dominant (Neoclassical) economic paradigm.
I find his argument compelling. If you care to view a brief synopsis I recommend this lecture:
https://www.youtube.com/watch?v=5LvyxH3O7kE&t=39s -
@economics-that-works
#economics
#SteveKeen7 min
Jubilee and I harp on Steve over some details in the notes.
Debt forgiveness produces a number of benefits; freeing people to buy the things they need and want, rather than sending it to creditors.
I like to call velocity of money, "vibrancy" because it is more concise and sounds decent.
Our own miserable velocity of money comes from too much fed to obscene wealth and the peonage they've engineered.
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Jul 24
Super short clip of the private debt levels and rates of change leading up to the GFC. This was the signal to Steve of the onset of a crash.
Ravel makes a showing, but the image quality suffers from upscaling from farcebook.
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15 min
I love Wolff for his economic history, but this is complete cringe. China selling t-bills means they are soaking up dollars off the global markets or US. They can sell those dollars to countries laboring under dollar denominated debt. If they don’t, they will precipitate a default crisis for those nations. It would also to be a move to transition the global south to seek loans from China.
🧵
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Jul 22
6 min
The distinction between countries that experience debt crisis and those that don't
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clip 6
We should all become banks and simply have money handed to us.
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4 min
Fiat sovereign money creation v bank credit.