4 ms·
I'm guessing the nepotism argument goes as so: Keynes gov't economic stimulus is created by the gov't, and people with good connections to the gov't are the re
by mahyarm 11y ago
I'm guessing the nepotism argument goes as so:
Keynes gov't economic stimulus is created by the gov't, and people with good connections to the gov't are the recipients of this stimulus, causing nepotism to flourish. The stimulus is not distributed evenly to the economy and thus increases economic inequality.
The entire bank bailout & QE seems like a similar situation in the USA. Who got all the QE cash? The banks, not everyone.
- madaxe_again 11y agoCorrect - today it's a congressman or mp, 100 years ago it was a lord or governor, before that, the aristocracy. We still have an aristocracy, or plutarchy, in fact. I come from deep within the belly of the beast and know the people who know the people and you would not believe how bent it all is. Everuthing happens behind closed doors, we just see the punch and judy show after the event.
- madaxe_again 11y agoCorrect - today it's a congressman or mp, 100 years ago it was a lord or governor, before that, the aristocracy. We still have an aristocracy, or plutarchy, in fact. I come from deep within the belly of the beast and know the people who know the people and you would not believe how bent it all is. Everuthing happens behind closed doors, we just see the punch and judy show after the event.