» RiveraValdez:

“[...] So history does not support the Keynesian policy solution [...]”

This is the only part of the article I could disagree with. I read somewhere that Keynes' policies worked when "the world wasn't full", so Capitalism had physical basis (territories, people and resources) to expand itself and provide workers in developed countries a raising level of life (because of the exploitation of the people and resources in this "new" territories). Now, that It has nowhere to expand, Keynes' policies wouldn't work because there are no physiscal basis for them. The only "solution" for Capitalism to extend its agony is to eat inside out its existing physical basis.

I'm not defending Capitalism in any way; I'm just pointing out just one thing that baffled me.

I don't know much about Economy but I think I understand how Capitalism "works".