To what extent was Keynes himself concerned with inequality or environmental sustainability?
Gernot Koehler wrote: > An observation from the perspective of global keynesianism. There are many > varieties of keynesianism (as there are of other -isms and religions). > Watching the current international scene, one could say that a kind of > _global keynesianism light_ is being practiced, at least in the core of the > world system. Numerous countries are working on stimulus packages and are > showering their national financial institutions with public money (USA, > Canada, the ECB and various European countries) and the IMF has extended > credits to bail out various countries (Iceland, Hungary, other). > > We do not know yet how successful those activities are going to be. But it > is clear that they constitute a light, rather than a thorough, version of > international or global keynesianism, since those measures fail to address > three requirements of a thorough global keynesianism, namely (1) structural > changes of the world financial system (Keynes' ideas at the time of Bretton > Woods were more far-reaching with respect to creating a global currency), > (2) reversing global income inequality, (3) global restructuring for > environmental sustainability. That is a mistake (three mistakes, to be > precise). -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
