[lbo-talk] socialism defined

Mike Beggs mikejbeggs at gmail.com
Mon Feb 8 15:18:52 PST 2010


On Mon, Feb 8, 2010 at 11:45 PM, Lew <wsm_mod at yahoo.co.uk> wrote:


>
> In terms of economics, this is more or less how the Keynesian Left
> (including some who would call themselves Marxist) also define socialism: If
> the economy is in difficulty, the government should spend its way out of
> trouble.

Who are you talking about here? The original left Keynesian Joan Robinson meant rather more than that - for her the central aspect of socialism was expropriation of the wealthy and redirection of their consumption expenditure into development.

Mike



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