VIDEO: Professor Steve Keen on why the recovery is doomed

Professor Steve Keen on the problem of private debt, bank reform and the 'political-financial complex'

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.

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About Author

Christopher Menon

Every Investor Editor Chris Menon is a financial journalist who has written regularly for national newspapers, magazines and websites about personal finance, with particular emphasis on investing.