Wednesday, February 29, 2012

On social democracy...

When it comes to the topic of politics, most of us would readily agree to stay out of it. Granted, politics are laced entirely in biased opinions and deceit, but it is a pertinent part of our daily lives. Shay , in her blog Social Democracy for the 21st century: A Post Keynesian Perspective, states that one should reap the benefits they have in their nation's political affairs. Her own homeland of Keynes is devasted by an extremely corrupt political system. She says, " While the paper is clearly an important contribution, and is a useful study worth reading, it is not by any means an attempt to gauge the success of a modern Keynesian system of macroeconomic management, full employment, and effective financial sector regulation". What she means by this is that her country is in desperate need of a social revolution--a revolution that instills democracy into her homeland.

 

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