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Ballynally's avatar

‘The Keynesian programme on which Lloyd George went to the polls in 1929 was a technocrat’s blueprint without the positive co-ordination of state and private enterprise measures for putting it into action…‘

Well, you have to consider the context in which these things are played out. I would suggest that the result of WW1 already shifted the way private enterprises weaved their way into the british economy. Mainly because the brits were on their knees around 1916. Money ran out: enter the americans and with them their corporations through loans, terms and conditions. A takeover of industry, the first Ford factory in Dagenham (still there), the film industry, fashion, music etc, all through the 1920s, way before the crash. Then the recession, depression and ww2. Then the american system truely won out. Keynesian economics are not really economics. In the long run they are counter productive.

Oh, i see you put Toynbee in there. Maybe you should elaborate a bit more. Interesting character..

Thumbnail Green's avatar

Wikipeadia calls Alfred Zimmern 'a prominent liberal thinker' 😂😂😂

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