Uploaded May 2025 | Updated September 2026, 2 weeks ago

---

In this episode, I am joined by economist ​⁠​⁠@profstevekeen to discuss the many myths of “Basic Economics” (Neo-Classical Economics), the end of Neoliberalism, the Trade Wars, Trump Tariffs, and MMT (Modern Monetary Theory.

In The Backroom, Steve Keen talks about what Karl Marx got wrong, and what he got right, as well as his predictions for human civilization.

Become a Patron if you haven’t already and get access to The Backroom Exclusive episode on Patreon: ⁠⁠⁠patreon.com/OneDime.⁠

Timestamps:
00:00 The Backroom Preview
02:27 Steve Keen on Neoclassical ECONomics
11:28 Why Economists Didn’t Predict The 2008 Crash
15:22 Modern Monetary Theory Proven Through Mathematical Models
42:27 Tariff Wars and The End of Globalization
50:20 Reindustrialization, AI, and Automation
01:05:20 The Left-Wing Origins of Neoliberalism
01:13:14 Why Social Democracy Failed
01:24:41 What Marx got Wrong (and what he got Right)

Check out Steve Keen’s YouTube Channel: ​⁠​⁠​⁠​⁠ @ProfSteveKeen

Follow me on X: https://x.com/1DimeOfficial
Follow me on Instagram: ⁠instagram.com/1dimeman⁠

Check out my main channel videos: youtube.com/@1Dimee

1Dime MMT Content: youtube.com/playlist?list=PLyytc2-LIrN7kIRyPXghWjeb4MV_DDqBK&si=s7aBz5IfLSYEK6X3

Outro Music by Karl Casey

Leave a like and a comment if you enjoy the show!