Instead of broken windows needing replacement, we have broken CEOs needing protection. Causing destruction as a way to “spur the economy” isn’t really a productive thing.
That is the rub with it. It assumes full employment. Capitalism produces a surplus, and because of it, people just plain don’t have to work very much to get all the basic needs met. Keynesianism was the liberal attempt at fixing this, basically by throwing their hands up and looking for ways to dig ditches to have them filled back in again. The leftist solution is to reduce working hours so you can focus on things that aren’t work, or just letting people not work altogether.
Keynesianism is the only thing that’s kept Capitalism going this long. The right is trying their hardest to dismantle it.
Instead of broken windows needing replacement, we have broken CEOs needing protection. Causing destruction as a way to “spur the economy” isn’t really a productive thing.
The only caveat would be is if they were going to hoard that money anyways it might not make it into anyones hands.
“Trickle” would definitely be the key word though.
That is the rub with it. It assumes full employment. Capitalism produces a surplus, and because of it, people just plain don’t have to work very much to get all the basic needs met. Keynesianism was the liberal attempt at fixing this, basically by throwing their hands up and looking for ways to dig ditches to have them filled back in again. The leftist solution is to reduce working hours so you can focus on things that aren’t work, or just letting people not work altogether.
Keynesianism is the only thing that’s kept Capitalism going this long. The right is trying their hardest to dismantle it.