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🌊 Ripple · counterfactual

What if Keynesian economics had gone differently?

1936 · britain

Keynes argues that governments can and should spend to pull an economy out of a slump.

If it had gone differently: Governments keep treating slumps as bad weather; the idea that the state can manage demand never becomes orthodoxy.

The real history on Wikipedia ↗

What it made possible

Later turning points that leaned on Keynesian economics. Change it in the game and the ripples reach all of these.

  1. 1956The shipping container. Without it, Ocean freight stays slow, pilfered and expensive; the globalised supply chain of the late century never becomes viable.

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