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Unformatted text preview: societies would collapse under the political pressures of their own creation, as markets would fail time and time again. His main contention is that the inefficiencies of the purely capitalistic markets leads to unjust outcomes, and that adequate demand should bring average fortune to the average skill. He also contends that this system of centralized banking, because of decreased political pressures, would be advantageous towards peace (saying nothing of the governments newly created system for funding the military). He also states that this new approach to the free enterprise system would foster better relations between nations, as one states economic woes would not affect the others. The ending paragraph could be construed as prophetic, for Keynes ideas are still with us, perhaps having already overwhelmed our vested interests....
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This document was uploaded on 10/27/2011 for the course MAP CA102 at NYU.
- Fall '10