Professor’s Classroom
Subject: Economics/History
I recall that during the primaries and then the general election there were those that said that Obama was practicing Keynesian economics and those people tried to equate that with socialism. Obama is NO Socialist!
To explain why I say this we need to step into the “Way Back” machine.
It is now the 1930’s and the world is in the grasp of a Great Depression. John Mayard Keynes is a Brit economist and until he wrote “The General Theory Of Employment, Interest and Money” the only economics that meant anything was the economics of the price theory….oh my bad….microeceonomics. We can safely say the Keynes was the father of macroeconomics which, simply put, deals with aggregates like GNP. And also thanks to Keynes we have the economic indicators that all investors live and die on, like employment, production, etc.
Now with that out of the way, So to call Keynes a socialist is pure delusion. He was NO socialist, his concern was to make capitalism more responsive to the people. To make it more efficient and to perform more humanely.
Using the information above then if Obama is a Keynesian and Keynes was not a socialist, then Obama is not a socialist. That is a logical rebut to the accusations flying from the radical right.
I hope that these types of posts will help the people to kill the misinformation that is readily available.
On a side note: one is not a socialist if they are a nazi, that would make them a facist…the opposite end of the political spectrum. To the Radical Right I say either you want him to be a socialis or a facist, he cannot be both, so for God’s sake pick one and stick with it. You dipsticks remind me of Senator Johnny in the original movie, the Manchurian Candidate, it seems he saw commies everywhere in Washington, but he could not find the number it was always changing…kinda like you guys.
New Blog for military history with URL: http://nikkotev.wordpess.co/ and name “War “Photoblog – II”
Nikolay Kotev
I believe Hitler referred to his third Reich as the “National Socialist Movement”, although I take your point. These days, socialism is regarded as left wing, but I think you’ll find that it is really only the idea that the state provides almost everything (usually badly) for its people and the party supporting that ethos can be of the left, right or centre in outlook.
Damn it is early…lol….I agree with you AF…my biggest problem is that few people nowadays knows what socialism or fascism really entails…so they throw it around to make a point and most times they are off the mark. Here in the US, it is used to sway seniors because they remember the days of the “Red Menace” and the evil that was Nazism. When I am out interviewing people and I hear that Obama is a socialist, I ask them to explain why they think that….most times it has nothing to do with socialism.