“The Radical Middle is about getting beyond black and white. We challenge assumptions, ask better questions, and look for answers that don’t fit neatly on either side. Common sense shouldn’t be radical.“
In Episode 1 – The Canadian Housing Crisis & Financialization of the Economy, host Thomas McMurtry, and special guest Ian Hull, LSM, discuss the Canadian housing crisis and financialization of the economy.
Thomas and Ian examine how Canada’s high debt-to-income ratios and heavy mortgage lending by banks have created “virtual wealth” while diverting resources away from business investment and infrastructure. The discussion highlighted how Canada’s financialized economy, with 80% of bank lending directed to mortgages, has created systemic risks while not necessarily driving sustainable economic growth.
YouTube: https://youtu.be/2g6UjKn_c4E
Spotify: https://open.spotify.com/episode/052Eg2HLSoqva1zyiYlNGr?si=20dad0f547454a4a
Apple Podcasts: https://podcasts.apple.com/podcast/id1895574044?i=1000763731243
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