The "free market", if there ever really was one, offers no answers for anything. The fact that corrupt politicians in so-called democracies, depend on so many contributions from the powerful industries, therefore skewing the Keynesnian ideology, doesn't mean that it isn't better than what ,let's say Milton Friedman proposes. If the working public has to sit around starving while they wait for the market gods to bless the business cycle with an upswing, what happens to them? Free marketeers will say that people will become creative and that is incentive to start a new business. How many people will actually start a new business? Some, but not the majority. The rest just have to imagine that aid will come from the goodness of people who are more fortunate and wait.
I wish that the ex-president you dined with had a name to go with his admitted corruption. I'm sure he was friendly with the governments of the world that partake in the plundering of the public's wealth. When a person is elected and chooses to try and do right for his people, Evo Morales for example, and doesn't go along with the status quo allowing the public's wealth to be syphoned off by the usual suspects, the industrialized world cries foul. Why? Because the most entrenched systematic corruption can be found in the halls of the capitols of Washington and European nations. With all of the power possessed by the hypocritical supporters of the free market system and democracy, They, along with people like you Mr. Montaner, exert a tremendous amount of pressure through economic blackmail and violence to try to ensure that a president who you call a friend can be reinstalled in the place of the honest man.
I'm sure that your "opinion" has more to do with the political drama of the United States than it does with other countries, but your support for regimes that rob from their people flies in the face of any argument you might have in opposition to the Keynesnian ideology. Over the past thirty years the transfer of wealth from workers to the elite, thanks in large part to the trickle down theory made famous by Reagan, has left people in the US in an extremely weak situation. It is long overdue, but the politicians of both political parties have almost abandoned any ideas based on Keynes. Unless of course we want to speak about the highly profitable military industrial complex, which is an unfortunate example that would help prove Keynes theory correct. If only half, if not more of what is spent on an industry that thrives on death and destruction, were to be spent on projects that build instead of destroy, there would be numerous examples to help prove Keynesnian theory much more sound than the hopeful free market religion. When the public's money is invested properly in the economy, it is the first domino in a line of businesses that compliment the original expenditure. It is not hard to comprehend.
The reason that people are tired of government spending is that so much of it is done as favors for powerful contributors. The allocated money is not well planned and often wasted. The people loss faith, not in an economic theory, but in the ability of the elected officials to make rational use of the public's money. People often curl into a sort of survival mentality and would, out of emotional frustration, rather the government stop spending. People are easily tricked into believing things like social security is a wasteful Ponzi scheme by either dishonest politicians playing on their fears.
Why is it that the Social Security fund has enough money that it can be lent to the general budget yet it is the target of fiscal irresponsibility? Wouldn't the general budget, the one from which the actual money is passed to the fat cat contributors be a more logical example of where government waste can be eliminated? If the public had a better understanding of the situation, the demands of the government would be different. But as an extension of the "free market", the corporate media is the main source of information for the rightly disgruntled public. We somehow confuse free press with honest reporting, and although much reporting is honest, it is what is left out of the conversation that causes the lack of an informed public. Of course the corporate media has a an agenda, its own. It needs rating for for advertising dollars and so on and so on. There is no reason for a corporate media to go against its interests and explain the whole situation to the public. The public would react in ways that are likely to chip away at the powers that the giant political donors enjoy, the media conglomerates included.
So once again Mr. Montaner, you use your pulpit to argue against the truth. This time about economic theory instead of the usual misrepresentations and slanders against Cuba, Venezuela, and other nations that won't follow the dictates of the self-proclaimed rulers of the hemisphere.
Read more: http://www.miamiherald.com/2011/09/19/2415273/keynes-and-corruption.html#ixzz1YS55dF8c
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