Post Keynesianism Versus Kakistocracy
We have a whole generation of struggling young people. Some of whom have turned to leftist revolution as an alternative. Others of whom have adopted the ultimate symbol of the lucky loser in Donald Trump. Both groups seem to want to just "burn it down." They are frustrated because our economic system is frustrating. Jobs are disappearing. Monopolies are buying out ma and pa or simply putting them out of business. And ruthless capitalism seems to be joyfully converting itself into kakistocracy. Schumpeters Creative destruction stops being creative the moment people stop creating. Hoarding creates liquidity traps. We have a system that is only serving some of us!
None of this is necessary!
We can participate in our own creation. The world does not have to decline.