Keynes’s state intervention served capitalist reproduction, not political emancipation.

Evidence

Unlike many of the radical reconstructionists studied in chapter 2, Keynes’s advocacy for state intervention was not the advocacy to emancipate political priorities from economic ones. Quite the contrary: the domain of the political was functional to the reproduction of the capital order, an order led by the virtuous few. — Clara E. Mattei, The Capital Order, 1610

Categorization

  • XREF: Contrasts Keynesian intervention with the radical reconstructionists of the interwar period, a core tension of the reader’s austerity-as-class-weapon project. — connects to: Fascist state intervention in the private sector served capitalist interests, not state power — Clara E. Mattei, The Capital Order: How Economists…, 1713; State intervention made capitalist exploitation political and thereby threatened capitalism itself — Clara E. Mattei, Escape from Capitalism: An Intervention, 173; State intervention to save capitalism exposed its supposedly natural order as political — Clara E. Mattei, Escape from Capitalism: An Intervention, 169 (+2 more)

Broader Connections