Electorally it has been very successful - there is no denying its appeal.
The problem is the long-term sustainability of it. The taxes raised for the keynesian bit have to be paid by people who don't share the right wing values bit.
I would also suggest that keynesianism involves more than just flat handouts - rather investment in infrastructure and services.
And of course long term it leads to inflation and stagnant growth.
The problem is the long-term sustainability of it. The taxes raised for the keynesian bit have to be paid by people who don't share the right wing values bit.
I would also suggest that keynesianism involves more than just flat handouts - rather investment in infrastructure and services.
And of course long term it leads to inflation and stagnant growth.