🌊 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.
What it set up
- 1956The shipping container, Ocean freight stays slow, pilfered and expensive; the globalised supply chain of the late century never becomes viable.
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