Search results
. Germany was not far behind (Maddison 2003 ). At the outbreak of war, Germany’s military spending was already more than 20 per cent greater than Britain’s (Russett 1985 ). These competitors were also succeeding through more openly illiberal means. Germany had abandoned its brief experiment with free trade in the 1870s. The US never made such an experiment. By the early years of the twentieth century, mass socialist parties were well established in several European countries. Such changes still lay ahead from the world of privilege and prejudice into which Keynes was
particular – animates it, gives it momentum, and constantly reinvigorates it’ (2017a: 72). Keynesianism’s contemporary revival, evidenced particularly in the interest in Piketty’s ( 2014 ) Capital in the Twenty-First Century , similarly attests to the severity of the current legitimisation crisis (Mann 2017a ). Only the state has the answer. Drawing analogies with Marx’s famous transformation by capital of money, through commodity production, into more money, M-C-Mʹ, Mann characterises the Keynesian dialectic of illiberal liberalism’s transformation through the state