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The Forum > Article Comments > What would Keynes think? > Comments

What would Keynes think? : Comments

By Steven Schwartz, published 10/1/2024

It would be fair to say that Keynes, who saw money as a means to a more fulfilling life, would find our current era disconcerting, a culture of means without ends.

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Keynes shifted ground a lot on population, but would he find "low population growth" to be a problem today, as the author somehow does.

When Keynes was in his pomp, global population was 2b, now it is 8b, and still rising by 75-80m a year. How is "low growth" a problem?

As for Australia, crazy-high population growth (north of 2%) is the problem, not at all "low growth". Over 2022-24, Albanese-induced immigration is expected to top 885,000. This will smash the Rudd record by about 60%
Posted by Steve S, Wednesday, 10 January 2024 8:22:27 AM
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Keep it local. The burgeoning population of Australia is something we can fix by telling Labor and the Coalition that we will not vote for them if they continue their maniacal addiction to mass immigration. We are not responsible for the rest of the world.

I don't give a damn what a long-dead man would think. I just wish that Australian voters would do some thinking and start telling our political class what they want; and I'm pretty sure it's not the same things as politicians want. The clowns are supposed to be working for us, not themselves.
Posted by ttbn, Wednesday, 10 January 2024 9:44:27 AM
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Indiscriminate immigration is dissolving  Western  societies. 
Posted by ttbn, Wednesday, 10 January 2024 9:53:21 AM
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Keynesian Economics lead to the new deal and a period of post war prosperity without precedent. And progressively dismantled by ultra conservative thinkers, welded to the insane master servant ideology.

The latter also hated co-ops because co-ops didn't have masters and servants. Nor servants who could be exploited as cheap labour!

# Co-ops were the only private enterprise, free market, business model that largely survived the Great Depression, intact. even as massive conglomerates went under!

Keynes would see our world today and our absurd reliance on migration numbers for economic growth as mad hatter's economics. Ditto the sale of power stations and cash cow public amenities.

Transitioning to nuclear energy and supported by funded and facilitated nuclear energy co-ops and all manner of niche manufacturing co-ops will turn this country completely 180 degrees around and produce growth on steroids, without migration.

We need to close our borders to new migrants that do little more than consume and add to the social security bill.

Keynes would look at our dismal and all but dead manufacturing sector, were the energy bill massively exceeds the wages bill, and throw his hands up in absolute horror!

And would probably say, the inmates have taken over and are running the asylum.

The only way we can draw down our massive debt is via economic growth. Our current economic mantra is a disaster going somewhere to happen and must add to our massive debt burden and serving costs.

The people that created this economic graveyard, will retire to their mansions and a taxpayer supported pension others can only dream about. It's all about them and bugger my poor fella country!

Keynes shock, horror, would probably turn in his grave!?
Alan B.
Posted by Alan B., Wednesday, 10 January 2024 11:07:46 AM
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After my studies of economics at Uni I was convinced that Oscar Wilde was actually talking about economists when he said "Cynics know the cost of everything and the value of nothing."
Posted by Aries54, Wednesday, 10 January 2024 12:31:46 PM
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Keynes's economic theory was very much guided by his Christian beliefs! Oscar Wilde knew nothing about economics nor Aries54!

Keynes's theories were put into practice in the new deal that led to economic recovery from the Great Depression and ushered in a period of post war prosperity without historic precedent!

Prosperity that was progressively dismantled since then by extreme conservative numbshulls and their idiotic ideological imperatives!

The historical record does not lie and is there for to see/read.
Alan B.
Posted by Alan B., Thursday, 11 January 2024 10:59:06 AM
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