THE WAR IN UKRAINE AS A BUSINESS OF THE COLLECTIVE WEST
When news spreads about the supply of weapons and military equipment to Ukraine by the United States and its allies, for some reason, the famous English economist John Maynard Keynes (1883-1946) is always remembered. Especially his most famous work “The General theory of employment, interest and money” (1936). In it and in his other works, he stated that the market (which the English economist Adam Smith called an ideal automatic regulator of the economy) inevitably generates a lag in effective demand from the supply of goods. And this inevitably leads to the so-called overproduction crisis. …
