Australian economist Steve Keen interview on BBC Hardtalk gives one opinion on how to get Europe and the world out of the global financial mess we are currently in. His solution is pretty extreme, but has been done in various ways at different times throughout history. He says if we don’t write off the debt, temporarily nationalize the financial system and start all over again with new rules, the whole world could become like Japan since the 1990’s – a lost decade (which is actually 2 lost decades.)
This is a hugely controversial solution that will hit people in their core values and beliefs system. I’d love to know what you think in the comments below.