Tuesday, January 3, 2012

Steve Keen calls for Jubilee

Amazingly, he proposes my Jubilee Year solution of a People's Bailout. He changes only one aspect: he would give people without any debt a cash stimulus.

Read it, within his Manifesto http://www.debtdeflation.com/blogs/2012/01/03/the-debtwatch-manifesto/

Bravo to you, Steve!

1 comment:

Ben Wilson said...

I haven't read a huge amount of Keen yet, but it does surprise me that he doesn't mention Social Credit as an influence. Perhaps it just wasn't and he doesn't know anything about them. But it does seem strange to advocate theories that would not have looked at all odd to one of the few parties to have ever gained political power with the same sort of policies. There's real case studies to be done on what is involved in trying to politicize this kind of alternative economics.

I speculate that if Social Credit is not mentioned that does come back to the credible accusations of anti-semitism against the founders, which is a poison pill for any idea fighting towards mainstream approval.

This racist element intrigues me - is there some inherent connection between getting bitter on global finance and xenophobia? Is it a little bit built-in that the idea of seizing economic sovereignty involves nationalism and it's sister, racism?

I don't know the answer, merely inviting consideration of this - it seems important in understanding why Social Credit died.