Should we all earn less?

Should we all earn less?

Are we earning too much? Many of us are now spending less than we earn on day-to-day consumption items We’re putting our excess income into our future earnings, through our pension funds, who use a chunk of that the money to buy non-productive assets, liking investing in shares on the secondary market, to no-benefit of the companies we invest in. Phil talks to Steve about why we have this imbalance between earnings and spending when, at an aggregate level, our income should equal our productive outputs. The difference is, of course, that we borrow a great deal, particularly to buy a house. It’s this reliance on borrowing which is increasing our consumption beyond the outputs we provide to the economy. And we borrow more than we can afford on the assumption that house prices will rise. So the question isn’t whether we should earn less, but whether we should borrow less.

Hosted on Acast. See acast.com/privacy for more information.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(513)

The unrelenting progress of winner takes all economics

The unrelenting progress of winner takes all economics

This week Phil and Steve talk about the staggering accumulation of capital, which has ratcheted up since the pandemic. In the US the top 0.1 percent of companies hold 88 percent of all corporate asset...

17 Heinä 41min

Too slow for zero?

Too slow for zero?

This week Phil and Steve confront the mathematical and environmental reality of a "zero growth" future, sparked by a debate over the deflationary traps of finite currency systems like Bitcoin. Steve t...

7 Heinä 42min

Challenges for the reserve currency

Challenges for the reserve currency

How much longer can the United States rely on the US dollar to dominate the global financial system, and what happens when the cracks finally start to show? In this week's Debunking Economics podcast,...

2 Heinä 39min

The world’s anti-migration shift to the right

The world’s anti-migration shift to the right

Phil and Steve confront the global surge in anti-immigration rhetoric and right-wing political momentum, tracing its roots to the structural failures of neoliberalism rather than the actions of migran...

23 Kesä 48min

GDP is hopelesss as a relative measure

GDP is hopelesss as a relative measure

Steve and Phil critique our systemic over-reliance on Gross Domestic Product (GDP) as the definitive baseline for comparing global economies and measuring societal well-being. The discussion underscor...

17 Kesä 45min

 Is Labour right to cut tax incentives for housing speculators?

Is Labour right to cut tax incentives for housing speculators?

This week Phil and Steve dig into the storm of controversy over Australia's new budget rules targeting property speculators. The Labor government has scaled back negative gearing and abolished the 50%...

10 Kesä 44min

Hedging an Uncertain Future

Hedging an Uncertain Future

This week Phil challenges Steve on how the futures market handles terminal risk, pointing out that oil prices slope downward over time simply because traders blindly assume the Strait of Hormuz will r...

20 Touko 38min

Conditioned to borrow, not save

Conditioned to borrow, not save

This week Phil and Steve dismantle the structural shift of the global economy toward a permanent state of debt dependence. Following a critique of Steve’s recent debate on the Piers Morgan show and a ...

13 Touko 45min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
oppimisen-psykologia
rss-sami-miettinen-neuvottelija
hyva-paha-johtaminen
rss-karon-grilli
rss-oivalluksia-rahasta-elamasta
ostan-asuntoja-podcast
rahapuhetta
rss-perho-rajoilla
rss-inderes
rss-rahataito-podcast
asuntoasiaa-paivakirjat
rss-ysin-muijat
rss-pinnan-alla-kiehuu
rss-tarkeista-asioista-2
rss-plan-international-suomen-podcast
rss-johtajuuden-jaljilla