Re: [Pen-l] Summers finds (trade union) religion

[Jim Devine <jdevine03@xxxxxxxxx>]

Charles Brown wrote:
> The odious Summers has been caused
> to take a good position on an issue. The
> significance of that, in the ongoing debate
> about O, is _not_ that Summers as an
> individual is
> unprincipled and shifty. I should think
> that Keynes's philosophy would
> be pragmatism , which is often opportunism.

it's always hard to draw a line, but Keynes' pragmatism went along
with his principles: he was sure that his stratum of well-to-do
intellectual types could guide the capitalist world to a better
result, using centralized (state) help if necessary. It's sort of a
Fabian capitalist perspective:  capitalist reformism from above.

I would guess that JMK was more principled than Summers, because
seemed to be less self-serving and more self-reflective.

> p.s. Are Krugman, Stiglitz et al on record
> as being against capitalism ?

no. Are there _any_ major or minor public figures who are against capitalism?
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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