David Harvey: The Crises of Capitalism (Animated)

Great video, thanks for sharing.

This debate whether there is a Keynesian or Hayek model is too rigid. There are sectors of the economy that follow one or the other, or a mix. The war profiteers who do nothing but feed off of government contracts certainly don't exist in a free market. Nor does a criminal health insurance cartel, which bought off all the politicians and rammed a direct, mandatory tax on all citizens paid directly to them for the privilege of going to a doctor.

But the finance sector, especially the hedge funds, investment bankers, currency speculators, and other parasites, with their 'dark pools' of capital, front-running, insider trading, and all the rest of their criminal tactics certainly operate with a bare minimum of regulation, most of whom are powerless, co-opted, or captured. The bankers run the Fed, the Treasury and rule themselves. They only turn "Keynesian" when they blackmail the Congress into handing over hundreds of billions if not trillions of dollars in their disgusting bailout. They are thieves, nothing more. Lying thieves, and to the extent that their actions cause foreclosures, homelessness, misery, suicide and despair, they are also mass murderers.

When you limit the terms of the debate strictly in terms of a "right model" or a "wrong model" - Keynes or Hayek - for running the system, while not discussing the tyrannical and criminal nature of the system itself, you are playing right into the hands of a viciously corrupt elite who despise democracy and brazenly and openly steal from the masses every chance.

Most economists are propagandists, they pump up this illusion of "The Economy is good," or "The Economy is bad" like its some natural, random process like the weather, when in fact it is the way this particular system itself is run and organized, based on fiat currency, lifelong debt peonage, Asian sweatshops, environmental pillage, fractional reserves, and usury that makes it an unsustainable, immoral, villainous system of gangster imperialism, doomed to collapse under its own hubris and greed.