(#5) Elise’s Top Ten: The new political story that could change everything | George Monbiot
After laissez-faire economics triggered the Great Depression, John Maynard Keynes sat down to write a new economics, and what he did was to tell a restoration story.
(#5) Elise’s Top Ten: The new political story that could change everything | George Monbiot
But the hero of the story, the enabling state, supported by working-class and middle-class people, will contest that disorder, will fight those powerful forces by redistributing wealth, and through spending public money on public goods, will generate income and jobs
(#5) Elise’s Top Ten: The new political story that could change everything | George Monbiot
Then when Keynesianism ran into trouble in the 1970s, the neoliberals, people like Friedrich Hayek and Milton Friedman, came forward with their new restoration story.
(#5) Elise’s Top Ten: The new political story that could change everything | George Monbiot
But the hero of the story, the entrepreneur, will fight those powerful forces, roll back the state, and through creating wealth and opportunity, restore harmony to the land.