Keynes Was Not A Socialist, He Was Trying To Save Capitalism From Itself @deficitowls5296
Keynes Was Not A Socialist, He Was Trying To Save Capitalism From Itself @deficitowls5296
Deficit Owls | Keynes Was Not A Socialist, He Was Trying To Save Capitalism From Itself @deficitowls5296 | Uploaded August 2016 | Updated October 2024, 5 hours ago.
Professor L. Randall Wray explaining John Maynard Keynes's view on capitalism. Keynes admitted that capitalism is fundamentally flawed, because it is unable to fully employ resources in the economy, leading to involuntary unemployment of workers, and because it distributes income arbitrarily and unequally. But, he was against state socialism/communism, and instead sought to keep capitalism going by having the state correct for capitalism's deficiencies.

See the whole video here: youtube.com/watch?v=2E0u2PsjSsU&index=2&list=PLkKoAQeawlO64sZ7KuRp21luMaUM63guo

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Keynes Was Not A Socialist, He Was Trying To Save Capitalism From Itself @deficitowls5296

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