Tag Archives: Steve Keen

Ponzi nation

As we enter the last couple of months before the general election it is worth talking about the unspoken cancer at the heart of New Zealand’s economic system. It seems to be off the election agenda. Sure it is not a purely kiwi disease but there is post GFC a smugness among many New Zealanders […]

Thomas Frank on Thomas Piketty

I haven’t read Thomas Piketty’s best seller Capital in the Twenty-First Century yet but I found much to applaud in Thomas Frank’s review of it on Salon. It resonates what the best heterodox economists/economic historians like Steve Keen and Michael Hudson have been saying for years. The criticism goes to the heart of of the fallacy of neo-liberalism, […]

Greed is not good – now what are we going to do about it?

If Reserve Bank of New Zealand governor Graeme Wheeler believes what he said to Brian Fallow at the Herald, that in the financial sector; “The compensation levels are outrageous in many cases for the added value truly generated.” The Occupy Wall St movement had a lot of powerful points to make. “But they didn’t have a […]

An Essay Revisiting Rogernomics in an Age of Globalisation

To what extent has New Zealand been absorbed into the flows and networks of global financial capitalism since 1984 and the economic reforms of the fourth Labour Government. Was this process inevitable, is it desirable, is it reversible? (modified from a paper on Globalisation as part of a PG Dip Communications) The neo-liberal economic reforms […]

Debt Jubilee for New Zealand?

Earlier in the year I wrote a two part exposition of the old idea of a debt jubilee but with a new twist. The proposal by Australian economics professor Steve Keen neatly sidesteps the problem of moral hazard by giving everyone money, not just wiping the slate clean of the indebted. The way it would […]