Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone. -- John Maynard KeynesDiscuss:
Addendum (5:30 pm): Surfing the Web today, I ran into the following story, by George Monbiot, on Alternet:
"For the first time the UK's consumer debt exceeds the total of its gross national product: a new report shows that we owe £1.35 trillion. Inspectors in the United States have discovered that 77,000 road bridges are in the same perilous state as the one which collapsed into the Mississippi. Two years after Hurricane Katrina struck, 120,000 people from New Orleans are still living in trailer homes and temporary lodgings. As runaway climate change approaches, governments refuse to take the necessary action. Booming inequality threatens to create the most divided societies the world has seen since before the first world war. Now a financial crisis caused by unregulated lending could tur(n) hundreds of thousands out of their homes and trigger a cascade of economic troubles.
These problems appear unrelated, but they all have something in common. They arise in large part from a meeting that took place 60 years ago in a Swiss spa resort. It laid the foundations for a philosophy of government that is responsible for many, perhaps most, of our contemporary crises."
The project of neo-liberalism for 60 years has been to overturn Keynsianism. Officially, at least, Nixon is rebutted: We are not Keynsians anymore. Interesting that Pilger pins the blame on Mad Mag Thatcher.