The One Liiiiittle Detail

Keynesian and other economic theories that recognize that markets are not inherently stable and wouldn’t just naturally clear are undoubtedly  more accurately assessing the economy than their DSGE counterparts. However, if they only suggest a tweaking of Keynesian stimulus they still apparently are missing one little detail in their analysis. That is that without a radical change in policy that countervails and balances Finance’s monopoly paradigm of Debt, and particularly does this with an additional vehicle for distribution of credit in the consumer sector, namely a free gift of individual income…..the economy will never be even relatively stable and will in fact become even less stable as technological innovation and artificial intelligence continue to increase and accelerate. Worse still, and a deeper and more important fact is that this failure to balance the monopoly power of Finance will result in keeping the individual enslaved to the system rather than enable the individual to truly be the final arbiter of the market. Slavery or freedom, its the one liiiiiittle detail that theory is apparently not confronting.

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