tag:blogger.com,1999:blog-3634628224045926034.post6365369694898852757..comments2023-08-29T01:27:13.772-07:00Comments on Magpie's Asymmetric Warfare: Keynes and Hayek: Yin and Yang.Magpiehttp://www.blogger.com/profile/07528637318288802178noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3634628224045926034.post-78041174855791175662013-08-14T19:14:17.330-07:002013-08-14T19:14:17.330-07:00A fair appraisal. A little harsh on Keynes, but st...A fair appraisal. A little harsh on Keynes, but still 98% true. Hayek was actually employed by Fabian socialists, though. And Keynes wanted to euthanize the rentier class who exploits (and disappears) the middle class by creating speculative bubbles in heads-I-win-tails-you-lose fashion. Keynes' true sin was trying to reform an inherently corrupt system, just as "liberals" like Yves Smith are attempting today. You can't make evil good by making the margins less evil.Tao Jonesinghttps://www.blogger.com/profile/10041034009270339963noreply@blogger.comtag:blogger.com,1999:blog-3634628224045926034.post-52523628587267013122013-08-14T06:07:52.847-07:002013-08-14T06:07:52.847-07:00Hit the nail on the head, I think. Categories lik...Hit the nail on the head, I think. Categories like "Post-Keynesian" say little to nothing about a person, when you get right down to it. Most categories don't, come to it, but they still also have a way of obscuring humanity — especially when paired with distance. The people I know who tragically demonstrate bigotry towards a particular group are inevitably people who have little to no interaction with members of said group — racial, religious, etc.<br /><br />A fear of "the masses" seems to illustrate the same principle on social class lines; an admission that the needs, wants, preferences, indeed the very essence of most people is somehow distasteful. It bespeaks a separation of the speaker from the hoi polloi, such that the latter's humanity can be subsumed under a category and summarily dismissed. "Those people" become something different than you or I, and you and I both know that what we want is, e.g., peace, prosperity, etc. If they're different, then who even KNOWS what kinds of strange and dreadful things they could possibly desire out of life...Hedlundnoreply@blogger.com