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You're confounding Capitalism with pure Keynesianism, which you'd probably revere.
by dovereconomics 11y ago
You're confounding Capitalism with pure Keynesianism, which you'd probably revere.
- danharaj 11y agoNot at all. Also, Keynesian economics and Capitalism do not belong to the same category. How could I confound them? That would be very silly of me.
- dovereconomics 11y agoGenuine capitalism doesn't have a government controlling money supply, which is behind your 'exponential growth'. Instead of growing an economy, the truest capitalist is focused on freeing an economy If you wanna name the socialistic Keynesian experience 'Capitalism', that's your call. I can't do it.
- danharaj 11y agoYou don't use words the same way everyone else does. The most charitable thing I could say is that your take on Keynesian economic policy and 'genuine capitalism' is heterodox and stems from a non-mainstream ideology. There is no serious economist who would call Keynes a socialist, or socialistic, whatever that means, and the definition of capitalism does not proscribe government control of the money supply.
- chiaro 11y agoCapitalism is just a system where the owners of capital are the marginal claimants of revenues. Everything beyond that is ideology.