The Great Simplification with Nate Hagens cover image

Unlearning Economics: Jon Erickson, Josh Farley, Steve Keen, & Kate Raworth | Reality Roundtable #03

The Great Simplification with Nate Hagens

CHAPTER

The Worst Way of Running an Economy

markets are clearly the worst way of running an economy. Other than every other way that's ever been tried. Raphshning is a bad word, but we use rationing when we say the word price. We need a far more equitable society because in a deeply inequitable society, prices won't work. The rich don't notice the poor can't cope. Let's bring in a more equitable tax distribution. Why not introduce a universal basic income? If everybody has the right of access to the market, let's fix this with a universalBasic Income. Wouldn't that be better than rationing? Great question. That's a great point. I totally agree with you.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner