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by dovereconomics 3931 days ago
Genuine capitalism doesn't have a government controlling money supply, which is behind your 'exponential growth'. Instead of growing an economy, the truest capitalist is focused on freeing an economy

If you wanna name the socialistic Keynesian experience 'Capitalism', that's your call. I can't do it.

2 comments

You don't use words the same way everyone else does. The most charitable thing I could say is that your take on Keynesian economic policy and 'genuine capitalism' is heterodox and stems from a non-mainstream ideology. There is no serious economist who would call Keynes a socialist, or socialistic, whatever that means, and the definition of capitalism does not proscribe government control of the money supply.
Capitalism is just a system where the owners of capital are the marginal claimants of revenues. Everything beyond that is ideology.