Monday, April 23, 2012

Peterc - Reform or Revolution, MMT or Marx

The Keynesian, like the Marxist, recognizes that capitalism is inherently flawed and that left to its own devices it cannot stand. It is only by overriding its internal logic, whenever necessary, through the implementation of deficit spending not dictated by the profit motive that the system can be preserved for the benefit of capitalists, and most Keynesians apparently choose to support policies to prop up the system in this way.
Read it at heteconomist
Reform or Revolution, MMT or Marx
By peterc

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