Why the Poor Pay for High Debt, Even If They Don't Borrow

ProfSteveKeen ( Original )
SEP 21, 2017

This was an invited talk to public servants organized by the Exploring Economics group ( https://www.exploring-economics.org/en/). In just over 13 minutes I provide a complex systems argument that the poor pay for debt, even if they didn't personally borrow it, because workers are the residual income recipients in capitalism.

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