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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: / 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: / @1dimee 1Dime MMT Content: • Understanding Modern Monetary Theory (MMT) Outro Music by Karl Casey Leave a like and a comment if you enjoy the show!