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Full Idea
According to Marxists, the one market capitalism cannot do without is the labour market, which creates saleable things. Others, influenced by Keynes, emphasise financial markets, where pieces of paper change hands on expectation of their value.
Gist of Idea
Capitalism must mainly rely either on the labour market, or on the financial markets
Source
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
Book Ref
-: 'London Review of Books' [ 0], p.23
A Reaction
Modern Britain fits the Keynesian account much better, given its low production, and very active (until recently) London financial market.