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I concur with your description of the symptoms and your desired outcome. However, the current state of affairs has less to do with capitalism in general and mor

I concur with your description of the symptoms and your desired outcome. However, the current state of affairs has less to do with capitalism in general and more to do with the western world's addiction to short term results resulting from subscribing to Keynesian economic theory.

tamana 11y ago
What does keynsiean theory have to do with building low quality goods?
- clock_tower 11y ago
  I think there's a Keynsian economist who denies that the broken-window fallacy is a fallacy -- who believes that it's better to have to build and continually replace shoddy goods. Does anyone know the details on this?
  - schoen 11y ago
    There's Keynes himself on generating employment by burying money in the ground. https://en.wikipedia.org/wiki/The_General_Theory_of_Employment,_Interest_and_Money#Book_III:_The_Propensity_to_Consume https://en.wikipedia.org/wiki/The_General_Theory_of_Employme... I'm not sure if that example is exactly equivalent to breaking windows and paying people to fix them (for example, maybe it matters a great deal for his view that it's the government which is paying for the demand stimulus).
    - clock_tower 11y ago
      Found it: it's Paul Krugman who advocates for this -- at least if this link (disclaimer: just skimmed the article, didn't check it or its context for their political views) is accurate: http://www.economicpolicyjournal.com/2013/12/lol-more-problems-for-krugmans-broken.html http://www.economicpolicyjournal.com/2013/12/lol-more-proble...
      - deleted 11y ago
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