The Real Reason Why Keir Starmer Has Resigned: Top Economist

About this episode

Steve Keen analyzes the resignation of Keir Starmer and its roots in neoliberal economic policies.

👉 Download my 3-Book Rebel Economist Bundle (Free this week here): https://www.stevekeen.com When Keir Starmer walked into Downing Street two years ago, he promised to fix what was broken. Instead, he became the latest prime minister crushed by forces far bigger than one man's leadership. In this video, top economist Steve Keen the man who predicted the 2008 Global Financial Crisis explains why Starmer's resignation isn't a personal failure. It's the inevitable result of 40 years of neoliberal economic policy that has trebled UK private debt, collapsed the velocity of money to just 1.2 times per year, and redistributed wealth from the working class to asset owners. Britain's economy hasn't just slowed it's been hollowed out, and no prime minister, not Starmer, not Cameron, not whoever comes next, can fix it without a fundamental shift in economic thinking. Why did Keir Starmer really resign? What happened to Britain's 4% per capita growth rate and why did it fall to just 1.8% under neoliberalism? How did UK private debt explode from under 60% of GDP to 180% in a single generation? What does the cyclically adjusted price-to-earnings ratio hitting 40 above 1929 crash levels signal…

People in this episode

Host: Steve Keen

Topics covered

• Keir Starmer
• neoliberalism
• UK economy
• financial crisis
• private debt
• economic policy

Keywords

• Keir Starmer
• Steve Keen
• neoliberalism
• UK economy
• private debt
• financial crisis
• economic policy

Mentioned in this episode

Organizations: UK, 2008 Global Financial Crisis, neoliberal economic policy, Britain, GDP, Cameron, physical economy

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