Steve Keen
speaker
110 appearances
1 recordings
1 series
first heard Aug 2026
last heard 1 Aug
Steve Keen’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.
Appearances
And we're going through it yet again.
And there should be some, you know, intelligence absorbing this.
But in fact, conventional economics helps us forget this stuff because they come out with this mythology saying that markets are forward looking and anticipate the future and that everything reaches equilibrium.
Nothing could be further from the truth in terms of a description of how a capitalist economy actually functions.
And this is – I'm disrupting everything because most American companies expect American companies to dominate the fourth-seeing market.
But as you were saying, the technological level of China now in many areas exceeds that of America.
And it appears that the constraints that they face, which are different to what the Americans face, are leading them to produce lower costs.
and much less expensive versions of AI with virtually the same functionality as the Americans.
So in terms of who's leading in terms of revenue versus costs, it's Chinese companies at the moment, and they may well end up winning this battle, leaving a wreckage in America.
Well, they were going to lose their lunch anyway.
I mean, the extent to which we've got to worry about China because it's going to do foreign spying and maybe invade a few countries.
If you want to go on track records, I'd be afraid of America, not China.
In all those cases, it's China.
China has, because it's, I mean, I think a part of why China is doing what it's doing is its memory of the 19th century when it was effectively raped by the colonial powers in what's called the century of humiliation by the Chinese.
when the Americans and British and French forced China to allow the importing of opium from those countries because those countries couldn't make anything in terms of decent goods and services that would be desired by Chinese consumers.
So they forced China to put up with opium importing and ruined those countries.
So they've built buffers for themselves.
They have enormous energy reserves.
They've got a more effective electric grid than America has.
all these factors mean that China is actually ahead in this game rather than behind.
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