Keynes was a good capitalist.

Discussion in 'Economics & Trade' started by TM2, Jun 8, 2013.

  1. Tommy Palven

    Tommy Palven Active Member Past Donor

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    Yes, bankster Lord John Maynard Keynes, 1st Baron of Tilton, said he wanted to preserve capitalism, but if it wasn't crony capitalism or "managed capitalism" that he was trying to preserve, it sure looked like it.

    It appears that he was trying to preserve what was termed "mercantilism" which Adam Smith preached against back in his day, 100 years before Marx invented the word "capitalist" around the time of the US Civil War.
     
  2. Ted

    Ted Banned

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    Keynes was a standard lib commie. He thought he could manipulate an economy and make it do what he wanted.
     
  3. Windigo

    Windigo Banned

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    Actually he wasnt. He railed against communism. He believed that free market capitalism had fueled the rise of communism and socialism. The fault lied in ths aristocracy losing power as far as he was concerned. His system was a way to put power back into the hands of the aristocrats and intellectual elites like himself.
     
  4. Ted

    Ted Banned

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    and so that makes him a standard libcommie!!

    As Communist Party General Secretary William Z. Foster commented, "The Nazi fascists were especially enthusiastic supporters of Keynes."[65] Former Trotskyite[66] Dobbs recounted that Harvard economist Joseph Schumpeter observed that in Nazi Germany, "A work like Keynes’ General Theory could have appeared unmolested—and did." In the introduction to the 1936 German edition of his treatise, Keynes himself suggested that the total state that the National Socialists were then building was perfectly suited for the implementation of his investment schemes:

    “ The theory of aggregate production that is the goal of the following book can be much more easily applied to the conditions of a totalitarian state than the theory of production and distribution of a given output turned out under the conditions of free competition and a considerable degree of laissez-faire.[67]
     
  5. Ted

    Ted Banned

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    Krugman worships Keynes. Both are standard libcommies for all intents and purposes. Do you understand?
     

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