ABSTRACT
This chapter presents a conversation between two ghost Karl Marx's and John Maynard Keynes about capitalism. Karl made clear that capitalism, including the U. S. variety, can survive and thrive with the right mix of politics and policy. Marx's ghost responded immediately and said that Karl's ideas have saved capitalism and can continue to do so if the politicians, especially in the United States, paid closer attention. Karl Marx realized that the second ghost was John Maynard Keynes, the famous British economist who developed the liberal Keynesian school of economics. Keynes had developed the theoretical foundation for the New Deal policies that helped bring the United States out of the Depression, and is viewed by the most important economist in the twentieth century. Though military Keynesianism is a formula for disaster, and the wars it requires will ultimately destroy rather than saving capitalism.
