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Keynes wrote about how this can be done, while kicking the can down the road. Basically debt of all types, and government spending. For the US this would be m
by regularization 2y ago
Keynes wrote about how this can be done, while kicking the can down the road. Basically debt of all types, and government spending. For the US this would be military expenditures and social welfare for the elderly.
Of course the can can only be kicked down the road so far. So to answer your question more in depth, there was a German exile in England who wrote a book answering this question back in 1867.
- aaronblohowiak 2y agoAnd yet the revolutions he inspired end up (in many ways) more dystopian than the capitalism they seek to replace..
- lenerdenator 2y agoSince then there's been a realization that you can simply regulate the worst aspects of capitalism while still reaping most of its rewards. Now, that has been realized - but hasn't happened - in the United States, but it can certainly be done. It'll probably be too late though.
- AngryData 2y agoSo what? People have been misinterpreting and misusing knowledge, realizations, and stories since basically forever. That doesn't make the original works worthless or any less insightful. You would be hard pressed to link most of the policies of communist nations to things Marx said or advocated for. The vast majority of Marx's works is pointing out flaws in capitalism, not prescribing policies to use instead.
- aaronblohowiak 2y agoI agree with your points but they do not lead to the conclusion that the GP was implying (that Marx contains the solution to what ails us)