My partner and I talk about this so much about how easy it would be for the political class to do well and uphold capitalism for the next few decades but instead they'd rather a few more billionaires exist.
I mean that's the problem with Keynesianism, it's a pitch to the wrong people. The actual capitalist ruling class doesn't have a truly ideological commitment to preserving capitalist society, they are only interested in immediate profit and extraction. Instead it appeals to ideological nerds with no real power like economics departments.
My partner and I talk about this so much about how easy it would be for the political class to do well and uphold capitalism for the next few decades but instead they'd rather a few more billionaires exist.
this is another of capitalism's contradictions.
I mean that's the problem with Keynesianism, it's a pitch to the wrong people. The actual capitalist ruling class doesn't have a truly ideological commitment to preserving capitalist society, they are only interested in immediate profit and extraction. Instead it appeals to ideological nerds with no real power like economics departments.