In the Long Run We Are All Dead

"In the ruins of the 2007-2008 financial crisis, self-proclaimed progressives clamored to resurrect the theory of Keynes. The crisis seemed to expose the disaster of small-state free-market liberalization and deregulation... to rescue us. But from what, ... the end of capitalism or the end of the world? For Keynesianists, the answer is both: ... not to save capitalism but to save civilization from itself. It is political economy, they promise, for a world ... of uncertainty, which will not take care of itself. Poverty is ineradicable, markets fail, and revolutions lead to tyranny... less because the present is worth saving but because the future seems out of control....Faith for the faithless.--