Why there's nothing left wing about Keynesianism

12:00pm Saturday 18 September

About this session

After decades of neoliberal orthodoxy and a full frontal assault on workers organisations, public healthcare and state regulation of markets, many social democrats look back wistfully on the period of the long post-war boom, erroneously dubbed the Keynesian period.

Keynes was a state technocrat, on hand at the treaty of Versaille, on stand by as advisor to Labour and Conservative governments alike, and the grandfather of institutions like the IMF and World Bank. Keynes himself said, “the class war will find me on the side of the educated bourgeoisie.”” But is there anything progressive about Keynesian economics? If Keynesianism is making a comeback should Marxists welcome it?

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