2 ms·

One thing most libertarians never understood about Keynes, is that Keynes was probably as much, if not more, anti-communist than they. But keynes also knew that

One thing most libertarians never understood about Keynes, is that Keynes was probably as much, if not more, anti-communist than they. But keynes also knew that people that are hungry today, don't have too much patience to wait for the markets to reach an equilibrium, and because of that they tend to make revolutions. This American Market fundamentalism is probably the biggest threat that the liberal capitalism ever met, because this is what is going to radicalize the american worker, and soo, the disappearing middle class.

Clubber 5y ago
Business people don't have the training to think about that sort of thing and politicians should, but they do whatever their corporate donors tell them to do. I believe FDR said he did what he did to save capitalism. Anyway, it's all short term thinking. We've had two revolutionary type events in the last year, the BLM movement and the Jan 6 movement. We currently have a general employment strike going on. People are pissed. Once they realize that the party divisions are mostly intentional and mostly cultural rather than economic, and everybody wants the same thing, who knows what will happen.