Patrick
Bond, 02 Dec 2008, quotes at length from Keynes 1933 (in The Yale Review):
[start
quote]
National
self-sufficiency, in short, though it costs something, may be becoming a luxury
which we can afford, if we happen to want it? The decadent international but
individualistic capitalism, in the hands of which we found ourselves after the
war, is not a success. It is not intelligent, it is not beautiful, it is not
just, it is not virtuous--and it doesn't deliver the goods. In short, we
dislike it, and we are beginning to despise it.
[end
quote]
COMMENT:
Patrick,
I don’t think self-sufficient national Keynesianism is a good flag to wave at
this moment in history. I believe that Samir Amin’s concept of building a
polycentric global economy is still a good one. Throwing out
neo-liberal/neo-conservative globalism is not the same as building a world of
self-sufficient nations.
Gernot
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