I am curious: from a Marxist perspective what exactly are the `defects' of Keynes? As I understand it, Keynes borrowed liberally from Marx's ideas (though never gave him credit), but nevertheless rejected Marx's program for proletarian revolution. Is that an accurate summary? -raghu.
^^^^^ CB: Keynes's theory is for reforming capitalism; he's a reformist. Marx's theory is for overthrowing capitalism and establishing communism; he's a revolutionary. For Marx , his _Manifesto of the Communist Party_ is in full effect still when he writes _Capital_. Marxism is a guide to revolutionary action. This doesn't mean that Marx shunned reform struggles. He "endorsed" the struggle for a shorter work day, a reform struggle, in _Capital_. Generally it is said that Marxists participate in reform struggles, but try to do so such that they educate masses toward taking things to more fundamental change, system-change. So, for example, Marxists support Keynesian-type reforms, such as social welfare spending, the New Deal, War on Poverty. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
