in times past. IOW, a diversion from Keynesian economics.

The central tenet of this school of thought is that government intervention can stabilize the economy

Just how important is money? Few would deny that it plays a key role in the economy.­

During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the severe worldwide economic collapse or to provide an adequate public policy solution to jump-start production and employment.

British economist John Maynard Keynes spearheaded a revolution in economic thinking that overturned the then-prevailing idea that free markets would automatically provide full employment—that is, that everyone who wanted a job would have one as long as workers were flexible in their wage demands (see box). The main plank of Keynes’s theory, which has come to bear his name, is the assertion that aggregate demand—measured as the sum of spending by households, businesses, and the government—is the most important driving force in an economy. Keynes further asserted that free markets have no self-balancing mechanisms that lead to full employment. Keynesian economists justify government intervention through public policies that aim to achieve full employment and price stability.

https://www.imf.org/external/pubs/ft/fandd/2014/09/basics.htm

Could even define what capitalism is.

I think it’s long past time for the scare-word “socialist” to lose its power to intimidate politicians and frighten voters into voting against their interests and supporting more give-aways to the wealthiest few.

The Soviet Union is long gone. The People’s Republic of China more resembles a corporatist state than the “red menace” used to frighten credulous and easily-cowed voters. The only two remaining Marxist states are North Korea and Cuba. NK is only a regional menace with nukes while Cuba is more of a threat to drug cartels (The Cubans don’t let the cartels use Cuba as a launching pad for shipments to the US).

We have more to fear from crony capitalism and corporate-run government than we do from “sewer socialism.”

For hundreds of years now money has mostly been created "at interest" and nearly every major political assination has been to leaders who have challanged that. Both Lincoln and JFK created "green backs" currency created by the treasury and not by banks. Our current money ate Federal Reserve Notes. The Federal Reserve while it's directors are installed by our government is a private consortium of large banks. The fact that the interest is never made creates economic pressure to extract and exploit. I feel it drove colonialism, trans-oceanic slavery, and the rise of large scale wars.

To quote Jim Hightower, "Capitalism sounds like a good idea. We ought to try it sometime."

Capitalism is fine as a personal choice.

As a societal model, it is idiotic and dangerous. It is unfair, and too easily corrupted.

I witnessed this firsthand a long time ago when that SOB John Engler started privatizing public education, and later on during the Iraq war with all these god damn no-bid contractors.

But, one might as well advocate for Fae rule as suggest that we need to overhaul how we allow the principles of capitalism to integrate with society in general.

Like, a lot.