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Showing posts with the label Keynesians

What The New Year May Hold: More Malloyalism

Democrats in Connecticut do not have an identity crisis. If it is proper to judge a political party by its programs, they are progressives. Some Democrats, of course, are more progressive than others, but what Generalissimo Richard Nixon said of the Republican Party of his day – “We are all  now” – is certainly true of the Democratic Party in the northeast. The essence of Keynesianism is government control of the economy, usually through regulations that large enterprises may avoid by beseeching the government for special favors and deferments. What former President Dwight Eisenhower used to decry as “the military industrial complex” has been broadened in our day to include a convoluted collusion between large capital rich firms and/or state and federal governments made possible through regulations that may be waved for a fee or a consideration.