HappySqurriel said:
fmc83 said:
HappySqurriel said:
numonex said:
Karl Marx invented the philosophy of Socialism/ Communism.
I believe and American economist Adam Keynes invented Capitalism.
Capitalism in America is all about the rich 5% with 90% of the wealth exploiting the poor 95% who only have 10% of the wealth. The poor work as slaves to make the rich people richer. |
Adam Smith is the philosopher that would be considered the father of capatalism ... John Maynard Keynes is the idiot economist who came up with the ideas that allow governments to try to spend their way out of anything (including debt).
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John Maynard Keynes is actually the genius economist who established a long area without a crisis. As well it is his idea of rising taxes if the economy is doing good, lowering them if not. This keeps the system in a great balance and it actually works. Neo-capitalists don't agree and come up with lowering taxes in good economy times and produced first a big hype and then the messed up situation we have now (yes, I know, that this is just a small part of his ideas and he has faults, too. But still remember his name, as he will be cited many times in the upcoming years).
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Keynes is an idiot because he suggested (and actually believed) that the government should pay people to dig ditches and then fill them up in order to spur economic activity and growth ... The truth is that economic growth only comes from an increase in the ammount of productive labour done, and without something valueable produced no productive labour is done.
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He actually advocated meaningless jobs (subsidied by the government during ruff times I suppose?)? What was his reasoning behind that?
