bazmeistergen said:
Christ! Left-wing has really lost its true meaning if Labour and the Conservatives are considered to be anything other that right of centre. They are both totally establishment and both totally supportive of free market capitalism with some slight support of regulation, much of it self-regulation. Some elements of Keynesian economics remain (and that was really just another way to support the monetary system) Both parties still support many of Hayek's liberalisation of the economy views. |
Well why should Keynseian economic policies remain? Anyone who believes in Keynseian economics are like 4-5 economic theories behind the times. It was largely proven a failure in the examination of the great depression and WW2.
Very few people are still even Neo-Keynseian economists... it made a little comeback during the start of the financial crisis... but really Monetarists still rule the day... mostly because they've been proven the most right and tend to get the best results.
Complainging that there aren't any politicians that believe in Keynseian economics is like complaining there aren't any politicians who believe in Astrology.








