Want to create an interactive transcript for this episode?
Podcast: Debunking Economics - the podcast
Episode: Capitalism without capital accumulation
Description: There are two drivers for capitalism – the desire to consume and the desire to accumulate. Whilst the first is as strong as ever, the rising price of assets is making it harder to accumulate. So does this influence how effective capitalism is – will we work as hard if we know we can’t afford to accumulate? Or if they can afford to accumulate do they do it at the cost of consuming? Phil Dobbie talks to Prof Steve Keen about how consumer behaviour is changing and the impact in the broader economy. Hosted on Acast. See acast.com/privacy for mo...