Re: GLOBAL KEYNESIANISM

Paul,

Even if we define socialism as a continuum reckoning the degree of
socialism by the degree of ownership and control of production by workers,
where in a Keynesian scheme is there more worker ownership and control?

A more equitable distribution of wealth and income is not socialism. An
increased degree of state controls is not socialism. A more extensive
welfare state is not socialism. Nationalized medicine is not socialism.
Labor unions are not socialist. Restricting corporations is not socialism.
Under capitalism these are distinctly capitalist projects. The equation of
these things with socialism is fine for conservative radio, but it does
not pass for serious discussion on WSN.

Socialism is the ownership of and control over production. You have
explicitly opposed this as lacking the dynamism for progress. Therefore
your recommendations do not advocate a synthesis of socialism and
capitalism, even if we suppose such a thing were possible.

Andrew Austin
Knoxville, TN