Keynes as a capitalist even got this and suggested to save some money in boom times and spend it in the downfall but anything other than line go up is heresy now
Yeah, even other capitalists have criticized this business as usual: Keynesian and Georgism in particular. I don’t agree with either group, but they’re a lot more pleasant to speak with and debate than pure hogs.
Even the whole “porky gets the money and his consumption will create jobs” tacitly endorses that demand drives growth. Thus making income inequality undesirable because rich people underconsume.
https://en.wikipedia.org/wiki/Pork_cycle
the most efficient way to allocate ressources
Keynes as a capitalist even got this and suggested to save some money in boom times and spend it in the downfall but anything other than line go up is heresy now
Yeah, even other capitalists have criticized this business as usual: Keynesian and Georgism in particular. I don’t agree with either group, but they’re a lot more pleasant to speak with and debate than pure hogs.
Even the whole “porky gets the money and his consumption will create jobs” tacitly endorses that demand drives growth. Thus making income inequality undesirable because rich people underconsume.
I thought you edited the link to “pork cycle” to mock the capitalists, but no, reality itself has made fools of the porkies.