ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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North-South and East-West Keynesian Paradoxes

Brandt Commission's Report

In his introduction to the Brandt Commission's report, the Commission's chairman, Willy Brandt, emph,a,sises that the report cannot be a technical document but that it nmust offer far-reaching "bold initia- tives" of political education. Yet the only significant bold initiatives to fo.iVge new instruments of mu- tual North-Souith interest are limited to short-run technical financial problems. The Commission believes that present and foreseeable medium-run difficulties are more serious than past recessions or crises and that it would be "dangerous and insincere to suggest they can be overcome with the conventional tools of previous de,cades". Yet the principal remedy proposed is the global application of the most conventional Keynesian remedies of the previous decla(des. As for the Brandt Commission's proposals for long-ruln program'lmes, and most particularly with re- gard to armaments, the mutual interest of North and Souith or East and West or indeed even within the West (or South or East) militates against their recognition and implementation. With nothing better than ideological survival prograinmes, Keynes was probably right' to say that in the long-run we are all dead.

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