Keynesian is a failed experiment.

In the 1930s, economist John Maynard Keynes developed a theory that revolutionized how we think about the economy. Keynesian economics argues that the government should actively manage the economy to ensure that it runs smoothly and efficiently. This theory has been hugely influential, and it forms the basis of most economic policy today.

However, some economists have argued that Keynesianism is a failed experiment. They point to the problems of crony capitalism, where businesses and government officials work together to keep prices artificially high. They argue that if we allowed the market to operate more freely, prices would eventually return to their natural levels.

There is some evidence to support this view. For example, many economist believe that the current high levels of inequality are due in part to government intervention in the economy. If we allowed the market to operate more freely, it is possible that inequality would decrease.

There are also some practical problems with Keynesianism. For example, it can be difficult to know when the government should intervene and when it should let the market operate. This can lead to economic stagnation, as was seen in Japan in the 1990s.

Keynesianism is a controversial theory, and it is clear that it has its flaws. However, it is still the most influential theory in economics today.