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I have just now seen the libertarian label used for an economic system but if you’re equating that to the Austrian strain of capitalism I’d say that you’re misunderstanding greed. Greed is the reason all people get up and go to work. Some people may be excessively greedy but to determine that would be very subjective. All people have wants and needs and greed, in the loosest sense, is what makes us do what it takes to fulfill those. It is the most natural state of man and free market capitalism is the most organic economic system in existence. Keynes was highly enthusiastic about socialism in Russia from the very beginning. He celebrated the Bolshevik Revolution of 1917. The Russian Revolution broke out on March 8, 1917, and Czar Nicholas II abdicated on March 15. The prospect of a socialist revolution in Russia elated Keynes, and he wrote to his mother:
I was immensely cheered and excited about the Russian news. It’s the sole result of the war so far worth having. An acute and even struggle is now going on between the Socialists and the Milyukov constitutionalists. I see not the remotest chance, however, of any pro-Tsar counter-revolution.3
Vladimir Lenin and the Bolsheviks took power on November 7, 1917. Keynes happily announced, “The only course open to me is to be buoyantly bolshevik.”4 In December, he cofounded the 1917 Club in London.5 Of course, the club was named in commemoration of the year of the Bolshevik Revolution. The membership of Keynes’s 1917 Club reads like a who’s who of twentieth-century British socialists: G.D.H. Cole, Hugh Dalton, J.A. Hobson, Ramsay MacDonald, Oswald Mosley, John Strachey, H.G. Wells, and Leonard Woolf.

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