colonelguppy
22nd February 2007, 21:52
Originally posted by Demogorgon+February 22, 2007 04:50 pm--> (Demogorgon @ February 22, 2007 04:50 pm)
Originally posted by
[email protected] 22, 2007 09:40 pm
Originally posted by
[email protected] 22, 2007 04:37 pm
Originally posted by
[email protected] 22, 2007 08:56 pm
Leo
[email protected] 22, 2007 02:24 pm
I love it when capitalists make it absolutely clear that they have no idea about capitalism at all.
Keynesian model is a requirement by the capitalist system in decay and it is required everywhere. Hence, real capitalist economics of the 20th century are Keynesian economics everywhere. We don't live in 1700s; the "invisible hand" doesn't create "equilibriums" anymore.
um yeah the last 30 years completely disagree with you.
They still are using Keynesian economics actually. Just in more right wing guises. High military spending is done at least partly to keep the flow of money through the economy stable (for all the good it will do in the long run) and they still ploay about with the interest rates in a Keynesian manner (monetarism having failed).
elements still exist yes, but the trend as of late has been more neo-liberal. as for monetary policy, i would agree and would strongly recomend our governments to give that bullshit up.
Yes, it is neo-Liberal in many respects, but we are still a loing way away from pre-depression economics.
Something I particularly notice in America though, that I am sure you will have noticed too, is that despite neo-Liberal talk from the government (and accompanying tax cuts) spending doesn't actually fall that much. That is obviously a Keynesian influence at play. It will be pretty disastrous in the long term as well. [/b]
it's the most important issue in my opinion, of course it's never politicised so no one cares. if anyhting will be the end of us (the US that is), it will be this. as for global capitalism, that's a different story.