Rot in Hell Bastard.
When a colleague warned the PEDOPHILE Keynes that his BS “economics” would, in the end, BANKRUPT and DESTROY the capitalist system, the miserable bastard replied “In the end, we’ll all be dead.”
This is the type of ignorance I always complain about. Keynes wasn’t a communist or even a socialist. He did all of his work, both theory and policy, under the umbrella of a market economy, with privately owned firms, private investors, private property, and prices based on supply and demand. Even the bastardized version of his work that is called “Keynesianism,” (involving stimulus spending) wasn’t even his own work and ALSO works under the umbrella of a market economy.
Keynes and his followers don’t advocate the abolition of private property or the nationalization of industry or government control of prices.
It is enough to say that Keynes’ analysis had mistakes, and it is enough to say that what is erroneously called “Keynesianism” is bad policy. There is no need to lie and say he was a communist or socialist. Same goes for Democrats—some are socialist, a handful are communist, but most of them don’t want to abolish the market. They may advocate bad policy but not necessarily socialist or communist policy.
This kind of ignorant name-calling makes conservatives look like medieval peasants who call everybody they don’t like a witch.
Too many who warn about Keynes seem to agree with him on Free Trade and Globalism
Keynes post WW I I economic ideas are still pushed by many who complain about him. Keynes was a hard core Globalist and Free Trader whose leadership at Bretton Woods still haunts world econmics today. Also Keynes was the founding father of the World Bank...which has pretty much, along with Free Trade, redistributed trilions from the US economy to foreign lands, mostly at great waste
Free Traders are still quite Keynesian
Not so much, if the word "Communist" actually means anything.
Really, you only have to think of what communism actually was in those days when Lenin and Stalin were still around to see that Keynes's policy wasn't the expropriation of private enterprises and state ownership and control.
Keynes did have it in for people who lived off investments or rents, though, and supported "the euthanasia of the rentier," -- or the gradual disappearance of the "functionless investor."
It was not to be violent expropriation, but a gradual result of economic change, replacing passive collection of dividends with active investment in the economy -- at least according to Keynes (or what I've been able to find out about Keynes's thinking in five minutes).
Keynes's hostility to inherited wealth and passive investment was strange because he and his friends and associates and the colleges he worked for all benefited from investments, dividends, and inherited wealth.