October 6, 2020

225. A rebirth of localism

Wealth in UK is very concentrated I the southeast of England. In other countries, the structure of administration and banking has seen a more diversified economy. So what could change to make income and productivity more equable throughout the UK. In this week’s Debunking Economics podcast Phil Dobbie talks to Prof Steve Keen about the devolution of Scotland, the role of local administrations, Germany’s regionalised public banking system and the role of local currencies, including the Worgl experiment in Austria during the great depression. With more people experiencing the benefits of working from home could this be the first step in a more decentralised UK economy.

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