[quote]hspder wrote:
LBRTRN wrote:
Hspder, come on, you’re a smart man. You and I don’t need to parse words.
In any case, capitalism doesn’t exactly enshrine a “selfish desire for wealth”; it does, however, recognize selfishness–or rather, self-interest–as a primary motivator–which it is, clearly, and always will be. It makes the point that in acting according to self-interest, we end up benefiting the whole of society. It’s about utility, not morality.
… which is precisely what I’m trying to say too. Aren’t we trying to disagree on the finer points of something we completely agree on? We may be coming from different directions – and maybe because of that use different vocabulary – but in essence we are saying exactly the same, are we not?[/quote]
Absolutely. I only wrote the above as context to what I wrote after (the part about finding greed immoral, yet still agreeing with capitalism as an economic model). I didn’t mean to imply that we disagree on the above points in any substantial way.
[quote]LBRTRN wrote:
I’m shocked! I was being rhetorical.
I know – but I wanted you to qualify it:
LBRTRN wrote:
You state Keynesian policy as gospel truth so matter-of-fact that I assumed you must be.
Keynesian policy is truth.
[/quote]
Lol, nice!
[quote]
It’s based in science and has been proven hundreds of times. The US has been using it consistently since FDR, even during Republican rule. Most every single capitalist country adopted it too in the meantime.
Bush’s policy is completely leveraged in Keynesian policy – even though he conveniently forgets the few parts that he doesn’t like – much like the other, more famous, gospel.
Only people at the very fringes of politics reject Keynes… And I mean FRINGES. Even the Texas GOP recently removed the language from their manifesto that was anti-Keynesian…[/quote]
Well, I don’t want to get too into it, but I take issue with the “FRINGES” comment. Appeals to Bush and the GOP don’t mean anything to me because, well, I’m not a Republican or a Bush supporter. You would probably trounce me if we were to have a real debate on Keynesian economics (at this point, I’m not knowledgable enough), and my mind isn’t exactly made up on the issue; however, I hardly consider Milton Friedman, and the Austrians, on the “FRINGES” (aside from college text books, Friedman has had the most influence on me). I realize that the Keynesian Revolution fundementally changed economics so that today, it’s hard to even speak about economics without incorporating, at a minimum, keynesian language–especially in the case of Monetarism (for obvious reasons). However, there are still very real criticisms of Keynesian policies so that calling it gospel (or implying so) seems, to me, a bit dogmatic.