Zombie banking transmutes into zombie government

From my favourite Australasian economist, Steve Keen:

Capital Account is one of my two favorite financial programs (the other is Max Keiser’s The Kaiser Report). The show is as slick as any show on the major networks, yet its presenter Lauren Lyster and Executive Producer Demetri Kofinas are literally “on the money” about the financial system–in stark contrast to the waffle that passes for analysis on CNN or FOX. If you want content as well as glitz, watch Capital Account.

Today, Lauren and Demetri raised the issue of the possible political fallout from the austerity programs being imposed on the peripheral countries of Europe, under the novel heading of  ”From Zombie Banking to Zombie Government”.

Starts at about 4'00

Steve Keen on the transmutation of Zombie Banking into Zombie Government!