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In Chapter 24 of the General Theory, Keynes gives his account on the major flaws of capitalism and proposes solutions to deal with them. Summarize Keynes’s argument and his proposals in, at most, one page. In the remaining part of your essay, engage in your own critique of Keynes’s position. Do you agree with him regarding the key flaws of capitalism? Why or why not? Do you believe his proposals would be successful if implemented. Why or why not? Are his 80-year-old proposals outdated? What alternative policy proposals might you put forth to confront the problems raised by Keynes? And so on.
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