Keynes Predicted the Instability of Finance Capital Decades Ago

Whether in the field of psychology, sociology or economics, if a theory comes from Europe to Yankeedom, its depth, breadth and height is stripped away. In economics courses dominated by market fundamentalism, Keynes is presented as a toned-down foil to people like Milton Friedman. But as Jack Rasmus points out, Keynes was extremely critical of finance capital. In fact he predicted what is now happening in financial markets decades ago. The heart of Rasmus’ take on Keynes comes in the last 20 minutes of this 60 minute talk.
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