Keynesianism: Why It Was A Half Measure, A Palliative and So Got Overthrown By DSGE Ideology

1) It did not have a retail discount to counteract the still always in effect cost push and demand pull inflation.

2) It did not have a direct individual dividend and so Its government stimulus did not directly, sufficiently and immediately reach the individual and free him economically. Hence it enabled both Equilibrium ideology and Finance’s monopolistic dominance of the system and everyone in it to survive, and so eventually the inherent problems of both Finance and Capitalism flew completely out of control.

The half measure benefits of Social Security, welfare and unemployment insurance are the only reason this Great “Recession” is not as bad or worse than the first and so they actually obscure how unstable and problematic the system is. Make the benefits immediate, sufficient to free the individual and for all of adult life and we’ve finally got a society/world that can stably progress toward a real civilization and its expression. If we would have had a dividend and retail discount after WW I the 20th century might have had a much more peaceful and humane history. Let us not make the same mistakes, especially now that modern weaponry renders no one’s productive capacity safe and everyone’s life in jeopardy.

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