Why Economists are CLUELESS (Ft. Steve Keen)

Get access to The Backroom Exclusive episode on Patreon: ⁠⁠⁠https://www.patreon.com/OneDime.⁠

In this episode of 1Dime Radio, I am joined by economist Steve Keen to discuss the many myths of “Basic Economics” (Neo-Classical Economics), the end of Neoliberalism, the Trade Wars, Trump Tariffs, Marxism, and MMT (Modern Monetary Theory. In The Backroom on Patreon, Steve Keen talks about what Karl Marx got wrong, and what he got right, as well as his predictions for human civilization. Become a Patron at Patreon.com/OneDime if you haven’t already!Timestamps: 00:00 The Backroom Preview02:27 Steve Keen on Neoclassical ECONomics11:28 Why Economists Didn’t Predict The 2008 Crash15:22 Modern Monetary Theory Proven Through Mathematical Models42:27 Trump Tariffs and The End of Globalization50:20 Reindustrialization, AI, and Automation01:05:20 The Left-Wing Origins of Neoliberalism 01:13:14 Why Social Democracy Failed01:24:41 What Marx got Wrong (and what he got Right)Check out Steve Keen’s YouTube Channel: ​⁠​⁠​⁠​⁠ @ProfSteveKeen  Follow me on X: https://x.com/1DimeOfficialFollow me on Instagram: ⁠instagram.com/1dimeman⁠Check out my main channel videos: https://www.youtube.com/@1Dimee1Dime MMT Content: https://youtube.com/playlist?list=PLyytc2-LIrN7kIRyPXghWjeb4MV_DDqBK&si=s7aBz5IfLSYEK6X3Outro Music by Karl CaseyLeave a like and a comment if you enjoy the show!