Debunking Economics - the podcast Why we are getting poorer (with Cahal Moran)
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Apr 30, 2025 
In this insightful discussion, Cahal Moran, author of 'Why We're Getting Poorer' and voice of YouTube's Unlearning Economics, dives into the troubling reality of growing wealth inequality amidst rising billionaires. He challenges conventional economic teachings, critiquing trickle-down theories and advocating for public investment in education and housing. Moran highlights the dangers of wealth concentration among the elite and urges for democratic reforms to empower local decision-making. His perspectives on economic realities will leave you questioning the status quo.
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Flawed Economics on Income Distribution
- The conventional economics assumption that income distribution must be fair under perfect competition is false.
- Income and wealth inequality have grown, degrading fairness and economic outcomes.
Energy Drives Wealth Inequality
- Wealth rises mainly from exploiting free energy, notably fossil fuels.
- Private debt and wage systems bias wealth distribution towards the rich.
Austerity's Economic Impact
- Austerity since 2008 caused stagnant real wages and eroded social infrastructure.
- People feel the negative impacts on health, education, and housing services.