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About this quote

What does it mean?
Post-war capitalism failed to be intelligent, beautiful, just, or virtuous.
In plain terms
The capitalism after the war was not smart, fair, or successful.
What can you take from it?
Current economic systems may fail on moral and practical grounds.

Where it applies

  • economic policy
  • history
  • social critique

Putting it to work

  • systemic reform
  • policy analysis
  • historical review

Questions to consider

  • Does capitalism deliver for everyone?
  • What makes an economy just?

Another view

It dismisses successes of capitalism broadly.

More from John Maynard Keynes

  1. Words ought to be a little wild for they are the assault of thoughts on the unthinking.

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  2. His peculiar gift was the power of holding continuously in his mind a purely mental problem until he had seen it through.

    Permalink to quote #10
  3. Most men love money and security more, and creation and construction less, as they get older.

    Permalink to quote #7

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