One of the clear benefits of state capitalism (i.e. government ownership of the nation’s largest for profit enterprises), is that in the event of a financial crisis you can shove a bunch of money into them in a way that isn’t just a massive upwards transfer of wealth.
In 2020, Keynes would absolutely be a Dengist.
Keynes
:LIB:
Libertarians love to bitch about “Keynesian economics”. I just realized it’s been forever since I’ve even heard his name mentioned, not once since I left ancap circles.
But of course that’s because Keynesianism is just neoliberalism and leftists correctly identify it as just a piece of the bourgeois system.
Edit - I’ve been corrected, Keynes’ ideas were different and better. I’m misremembering my college econ courses.
The thing about Keynes is that his ideas are probably the best way to keep a capitalist system from violently imploding.
