“[Keynes] was one of the great liberals of our time. He saw clearly that in England and the United States during the nineteen-thirties, the road to serfdom lay, not down the path of too much government control, but down the path of too little, and too late… He tried to devise the minimum government controls that would allow free enterprise to work. The end of laissez-faire was not necessarily the beginning of communism”
— A.F.W. Plumptre, Keynes in Cambridge.
The crucial lesson of the Depression that many contemporary politicians and economists have either forgotten, structurally unable to actualize, or realize that crisis benefits them and their corporate cronies greatly. There are exceptions, like in Latin America, but only because they went through the hell of neoliberalism. (via nicoie