When the Keynesian settlement was nally put into eect, afterWorld War II, it was oered only to a relatively small slice of theworld’s population. As time went on, more and more people wantedin on the deal. Almost all of the popular movements of the periodfrom 1945 to 1975, even perhaps revolutionary movements, couldbe seen as demands for inclusion: demands for political equality thatassumed equality was meaningless without some level of economicsecurity. This was true not only of movements by minority groups inNorth Atlantic countries who had rst been left out of the deal—such as those for whom Dr. King spoke—but what were then called“national liberation” movements from Algeria to Chile, whichrepresented certain class fragments in what we now call the GlobalSouth, or, nally, and perhaps most dramatically, in the late 1960sand 1970s, feminism. At some point in the ’70s, things reached abreaking point. It would appear that capitalism, as a system, simplycannot extend such a deal to everyone

State Treasurer Robert Sprague said the program comes as many Ohioans face increased obstacles when it comes to buying a home in terms of price and availability

he helped resolve the capital-surplus disposal problem by setting up a proto-Keynesian system of debt-financed infrastructural urban improvements.