In the first in a series of exclusive interviews with Chris Menon Professor Steve Keen talks about why the current economic recovery is doomed to end much sooner than before. He also explains what has caused the current housing bubble.
He also argues that bank reform is essential if the economy is move away from an unhealthy dependence upon asset speculation.
Yet, any reform is likely to be fiercely opposed by the ‘political-financial complex’. “To break that nexus you really need a complete political shift,” he argues.