cross-posted from: https://lemmy.world/post/37920401
this post was submitted on 27 Oct 2025
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If capitalism was that simple, Keynesianism wouldn't have gone away in the 80's
Either that or there was a powerful group of people having an interest in ending Keynesianism.
The interest group that both propagated Keynesianism and ended it was the exact same, what changed their attitude was the profit rate boom from WW2 finally drying up and that economic philosophy no longer being sustainable as a result.
Please let me pay 70% income tax. - Milton Friedman