Debunking Economics - the podcast
The cycles of the economy
Oct 16, 2024
What drives economies into decline? Explore the debate between external shocks and the internal struggles tied to resources and wages. Is inflation the true enemy of growth? Discover Karl Marx's perspectives on profit and investment strains. Learn about the factors that pull economies out of recessions, including the power of consumer confidence and the role of government intervention. Plus, uncover how companies strategically thrive during downturns and the potential of universal basic income to support those affected by economic cycles.
36:31
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Quick takeaways
- Economic downturns often stem from wage pressures reducing capitalist profits, prompting decreased investment, as highlighted by Karl Marx's theories.
- Restoring consumer confidence is crucial for economic recovery, yet government intervention may be necessary to stimulate investment in stagnant markets.
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