this post was submitted on 12 Nov 2020
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[–] Hungover@hexbear.net 1 points 3 years ago

Keynes

:LIB:

[–] cracksmoke2020@hexbear.net 1 points 3 years ago

One of the clear benefits of state capitalism (i.e. government ownership of the nation's largest for profit enterprises), is that in the event of a financial crisis you can shove a bunch of money into them in a way that isn't just a massive upwards transfer of wealth.

In 2020, Keynes would absolutely be a Dengist.

[–] MiraculousMM@hexbear.net 0 points 3 years ago* (last edited 3 years ago) (1 children)

Libertarians love to bitch about "Keynesian economics". I just realized it's been forever since I've even heard his name mentioned, not once since I left ancap circles.

But of course that's because Keynesianism is just neoliberalism and leftists correctly identify it as just a piece of the bourgeois system.

Edit - I've been corrected, Keynes' ideas were different and better. I'm misremembering my college econ courses.

[–] taxidea@hexbear.net 1 points 3 years ago

The thing about Keynes is that his ideas are probably the best way to keep a capitalist system from violently imploding.