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Reply #270: You brought up the "welfare state" [View All]

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Tech 9 Donating Member (179 posts) Send PM | Profile | Ignore Tue Oct-09-07 04:03 PM
Response to Reply #269
270. You brought up the "welfare state"
and Keynes as the death knell of Marxism and socialism an

Much of The Great Transformation revolves around showing how the entire free market apparatus DEPENDS on state intervention in the first place. That sort of contradicts the all-importance of Keynes I'd say.

Highlights in the review include:

In fact, what has passed for self-regulating markets has in fact been the result of drastic and pervasive government intervention. Additional interventions take place to protect society as a whole from the damage that a self-regulating economy inflicts on the citizenry as a whole.

Of course, the review also doubled as added commentary on the OP.
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