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As someone who studied economics at the graduate level, I was under the impression that the Keynesian model was discredited decades ago.



It wasn't so much discredited but replaced by the Milton Friedman "Shock Doctrine" approach of the Corporation being the be-all and end-all of economic thought, regardless of the thousands of unionists, leftists, middle-class, etc. being "disappeared*" (i.e. executed, jailed, exiled, newly-homeless, etc.).

Given the current economic meltdown (no more bubbles!), I would proffer that leaving so much power to multi-national corporations may not be such a great idea, and that it is a better alternative for a nation's people to manage important industries (e.g. energy, health care, banks, etc.) to ensure that part of the Constitution about the "Right of Happiness" is followed instead of given sarcastic lip service by Rupurt Murdoch's minions.

*-"Chilean court reenacts stadium execution of American journalist
By Bill Vann
17 May 2002

Gunshots rang out once again in Santiago’s National Stadium May 14, nearly 30 years after the Chilean sports facility was turned into a center of torture and execution by a US-backed military junta that overthrew the elected government of President Salvador Allende.

This time the bullets were blanks, fired by court officials reenacting the execution of Charles Horman, a US citizen who was put to death in the stadium after his arrest by the military on September 18, 1973, just seven days after the CIA-orchestrated military coup.

Horman was one of an estimated 10,000 workers, students, political activists and others rounded up by the military regime of General Augusto Pinochet and jammed into the soccer stadium to be beaten, tortured and gunned down."

http://www.wsws.org/articles/2002/may2002/horm-m17.shtml

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"My people (the real Americans- descended from the original Angle-Saxon pioneers)"-Coke S.