On Saturday, April 11, 2020, 06:15:15 a.m. CDT, V M <[email protected]> wrote: The end of progress (and the return of Keynes)
All this is the opposite of neoliberalism, which espouses individual freedom as the paramount social, cultural and economic value. Its return to relevance is an improbable plot twist to the 1930s battle of theories between the Viennese-born economist Friedrich Hayek and John Maynard Keynes of the UK. At that time, Keynes reigned supreme with his advocacy of managed market economies, where the government plays an essential shepherding role. ---------------------------------------------------------------- VM, You have authored a thought provoking article, congrats. One little comment, the tremendous leader went on TV a short while ago and said, "There may be only 15 deaths in the country, who knows?" Clearly, he could and cannot understand the problem. The virus is spread by humans and in the US - due to pressure from the believers - one is free to congregate on Easter Sunday. This congregation will serve only one purpose. On the other hand, the people who almost immediately stopped the spread of the virus in their country - are the Chinese. Apart from Wuhan, densely populated Hong Kong took draconian actions and they are now (almost) in the clear. There comes a time when lives matter more than the economy. This is one of those times. This is when people have to be restricted to their homes. The alternative - is death. Mervyn
