Keyensian Capitalism

[phk]

Why do people believe Keyensian capitalism is Socialism?

[Bono]

Keynesian Capitalism is an oxymoron.
Not to say it's the same as socialism, that depends on the definition of socialism we're using.

[KEmperor]

What Bono said.

[phk]

Essentially its capitalism with some government intervention during times of mishap.

[opebo]

Why do people believe Keyensian capitalism is Socialism?

Because they like to exaggerate.  As you can see from Bono and  Kemperor above, they think only pure laissez-faire capitalism can be called capitalism.

In fairness I think Keynesian Capitalism is a compromise between capitialism and socialism.  It retains virtually all the functional characteristics, power relationships, and class roles of capitalism, but emiliorated with heavy taxation of the beneficiaries of the system (the rich), and large subsidies to the working class.

[Bono]

Why do people believe Keyensian capitalism is Socialism?

Because they like to exaggerate.  As you can see from Bono and  Kemperor above, they think only pure laissez-faire capitalism can be called capitalism.

In fairness I think Keynesian Capitalism is a compromise between capitialism and socialism.  It retains virtually all the functional characteristics, power relationships, and class roles of capitalism, but emiliorated with heavy taxation of the beneficiaries of the system (the rich), and large subsidies to the working class.

Have you ever read Proudhon's The Philosophy of poverty, especially Chapter VII?

[opebo]

Why do people believe Keyensian capitalism is Socialism?

Because they like to exaggerate.  As you can see from Bono and  Kemperor above, they think only pure laissez-faire capitalism can be called capitalism.

In fairness I think Keynesian Capitalism is a compromise between capitialism and socialism.  It retains virtually all the functional characteristics, power relationships, and class roles of capitalism, but emiliorated with heavy taxation of the beneficiaries of the system (the rich), and large subsidies to the working class.

Have you ever read Proudhon's The Philosophy of poverty, especially Chapter VII?

No I had not, though I just did read Chapter VII.  I can't say it had any effect upon my opinion however.

[AuH2O]

Keynes sucks.