• cracksmoke2020 [none/use name]@hexbear.net
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    4 years ago

    One of the clear benefits of state capitalism (i.e. government ownership of the nation’s largest for profit enterprises), is that in the event of a financial crisis you can shove a bunch of money into them in a way that isn’t just a massive upwards transfer of wealth.

    In 2020, Keynes would absolutely be a Dengist.

  • MiraculousMM [he/him, any]@hexbear.netM
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    4 years ago

    Libertarians love to removed about “Keynesian economics”. I just realized it’s been forever since I’ve even heard his name mentioned, not once since I left ancap circles.

    But of course that’s because Keynesianism is just neoliberalism and leftists correctly identify it as just a piece of the bourgeois system.

    Edit - I’ve been corrected, Keynes’ ideas were different and better. I’m misremembering my college econ courses.

    • taxidea [he/him]@hexbear.net
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      4 years ago

      The thing about Keynes is that his ideas are probably the best way to keep a capitalist system from violently imploding.