I’ve been arguing with Neoclassical economists for over fifty years, without ever getting a concession from them that I was right, even when there was overwhelming logical or empirical evidence on my side.
The purpose of capitalism is not just to produce goods and services effectively; but to perfect an economic system that in times of war can extract vast amounts of free labour from the population.
Surplus labour remains the aim of capitalism. A role for the state in mitigating these tectonic forces is self evident.
Keynes is wrong international clearing is too weak. King dollar.
"closet anarchists"' well said Steve.
The purpose of capitalism is not just to produce goods and services effectively; but to perfect an economic system that in times of war can extract vast amounts of free labour from the population.
Surplus labour remains the aim of capitalism. A role for the state in mitigating these tectonic forces is self evident.
Keynes is wrong international clearing is too weak. King dollar.