February 20, 2020

ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 3

and supplies grew,unemployment sharply declined.Was it not surprising when in just a year and a half later say 1918 to 1919,the returning soldiers entirely found a different situation?That factories closed down,unionism and support for the unions shrank to zero,unemployment rose again back to its natural state because production crashed,and products and supplies barely demanded,poverty equally rose and labour strikes rampant,all because the war ended.Turmoil grew and given negative outcome of the dramatic change of event, nurtured by business cycle,there was attendant loss of faith in the capitalist system.During the same period,Marx exponential surge of ideas,gladdened the heart of the proletariat who felt he was speaking directly to them.He glorified the workers who according to him were not appreciated, repressed and heavily exploited by the capitalist machine,yet it was the worker that produced goods and services and value based products that made the economy thick.Before anybody else ever did,he was the

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