Archive for January 27th, 2009
Keynes won’t save us
Posted by John, January 27th, 2009 - under United States.
Tags: Australian politics, Economics
Comments: 5
Tess Lee Ack  from Socialist Alternative (www.sa.org.au) argues that it is falling profit rates, not under-spending, that is the problem for capitalism. So Keynesian spending won’t work. Instead workers need to throw the whole rotten capitalist system overboard. We need a new democratic society where production occurs to satisfy human need, not one based on […]