Justin wrote:
>... those of us who seek to persuade the rest of the world that markets
>have their limits ... have an uphill climb to make. If it helps any,
>Keynes was in the same position in the 20s, and he eventually won so
>thoroughly that Hayek and other market fans were marginalized and regarded
>as nuts for two generations. Of course, Keynes had some help from the
>Great Depression and the successes of the Soviet Union.
it's the last bit -- the objective conditions -- that wins the policy
debates. Of course, when and if we have another Great Depression and
another anti-capitalist insurgency, there will be a lot of conservatives
who will be against markets. After all, Mussolini was no free marketeer.
Nor is Pat Buchanan. And much of Keynesianism in practice has been
conservative, tied to the warfare state or to tax cuts for the rich.
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine
