Comments on: The negative influence on America from the social and economic perversions of John Maynard Keynes http://www.thepropheticyears.com/wordpress/2009/05/19/the-negative-influence-on-america-from-the-social-and-economic-perversions-of-john-maynard-keynes.html Don Koenig gives his wordviews on world and Church issues that often relate to Bible prophecy Mon, 15 Mar 2010 14:17:19 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: nasrani http://www.thepropheticyears.com/wordpress/2009/05/19/the-negative-influence-on-america-from-the-social-and-economic-perversions-of-john-maynard-keynes.html#comment-2803 nasrani Tue, 26 May 2009 22:22:50 +0000 http://www.thepropheticyears.com/wordpress/2009/05/19/the-negative-influence-on-america-from-the-social-and-economic-perversions-of-john-maynard-keynes.html#comment-2803 One of the best articles I've read recently. I totally share your opinion and that of the author on Keynes. Few people appear to be aware of the true nature of this man and his ideas. Most self-declared right-wing parties in Europe are really just moderate Keynesians. Ironically, right-wing governments are sometimes worse than the Socialists in that they spend even more and adopt the same Socialist practices of supporting businesses and other interests that should not get any support and should be governed by the market mechanism by itself. If people don't want to work, why should the government force them to accept any job offer they get? That's the kind of policy even right-wingers support these days. Let them starve if they refuse to work! They wouldn't do their jobs right anyway without any motivation to work and earn money by themselves. The only reason they want to force them to work is so they can tax them and claim they solved unemployment, even when most of these people won't ever really contribute to the economy anyway. And if big businesses mismanage their enterprise, let them go out of business even if it means that many people get laid off. That will teach greedy CEOs about their responsibilities in society and it will teach other businesses to think on the long term instead of short term interest. The Netherlands is (or was, rather) a fine example of entrepreneurship and capitalism. Lots of converts to Protestantism (over half a million to one million people) in what used to be the Southern Netherlands moved to Holland because of the heavy Spanish Catholic persecution at the time. Many of them were merchants and later had particular influence in Holland. Calvinist Protestantism encouraged the Dutch to not to be wasteful but to spend wisely and to save money and invest later. It taught people to work to provide for their families. Although Calvin argued that usury was not wrong for Christians, easy credit and excessive interest were rightly frowned upon. That is what capitalism is really about. Production, saving, investing wisely. Government needs to provide a legal framework to protect individuals against fraud, and to ensure that people can easily start their own business. Now all it does (in Western Europe but I see it happening in the US as well) is supporting fraudulous businesses, encouraging excessive credit and consumption so it can get a lot of revenue to re-invest in mostly government-owned and heavily regulated sectors and unproductive governmental institutions. And the best part of it - they call it "free market capitalism" while it's basically Keynesianism! Because of these policiies, a lot of people who might have been entrepreneurs themselves are now laborers and dependent on government services who vote for the Socialist policies that keep them in that position since they frown upon individual success and economic unequality and prefer equal economic backwardness instead. One of the best articles I’ve read recently. I totally share your opinion and that of the author on Keynes. Few people appear to be aware of the true nature of this man and his ideas. Most self-declared right-wing parties in Europe are really just moderate Keynesians. Ironically, right-wing governments are sometimes worse than the Socialists in that they spend even more and adopt the same Socialist practices of supporting businesses and other interests that should not get any support and should be governed by the market mechanism by itself. If people don’t want to work, why should the government force them to accept any job offer they get? That’s the kind of policy even right-wingers support these days. Let them starve if they refuse to work! They wouldn’t do their jobs right anyway without any motivation to work and earn money by themselves. The only reason they want to force them to work is so they can tax them and claim they solved unemployment, even when most of these people won’t ever really contribute to the economy anyway. And if big businesses mismanage their enterprise, let them go out of business even if it means that many people get laid off. That will teach greedy CEOs about their responsibilities in society and it will teach other businesses to think on the long term instead of short term interest.

The Netherlands is (or was, rather) a fine example of entrepreneurship and capitalism. Lots of converts to Protestantism (over half a million to one million people) in what used to be the Southern Netherlands moved to Holland because of the heavy Spanish Catholic persecution at the time. Many of them were merchants and later had particular influence in Holland. Calvinist Protestantism encouraged the Dutch to not to be wasteful but to spend wisely and to save money and invest later. It taught people to work to provide for their families. Although Calvin argued that usury was not wrong for Christians, easy credit and excessive interest were rightly frowned upon. That is what capitalism is really about. Production, saving, investing wisely. Government needs to provide a legal framework to protect individuals against fraud, and to ensure that people can easily start their own business. Now all it does (in Western Europe but I see it happening in the US as well) is supporting fraudulous businesses, encouraging excessive credit and consumption so it can get a lot of revenue to re-invest in mostly government-owned and heavily regulated sectors and unproductive governmental institutions. And the best part of it – they call it “free market capitalism” while it’s basically Keynesianism! Because of these policiies, a lot of people who might have been entrepreneurs themselves are now laborers and dependent on government services who vote for the Socialist policies that keep them in that position since they frown upon individual success and economic unequality and prefer equal economic backwardness instead.

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