Louis Proyect wrote: > ... I think it would be excellent if Obama had implemented aggressive > Keynesian measures after taking office. I am a socialist but see the value of > a public works program, etc. <
I, too, favor what is basically a social-democratic program. The fact that the capitalists require pressure from working-class organizations (and those of other non-capitalist groups) to implement such programs that serve capital's own long-term interests is a pretty strong criticism of the system. > My main objection to Keynesianism is that has nothing to offer to poor > nations that rely on mining and agriculture....< in fairness, Keynesianism was always meant to be a theory that applies to only rich countries. Some Keynesians did apply their theories to poor nations during the 1950s, but it didn't get far. Among others, Samir Amin (in his ACCUMULATION ON A WORLD SCALE) explains why standard Keynesianism doesn't work well at all in economically-dependent countries. He uses basic Keynesian theory to explain his argument. -- 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
