International proletariat 60 (Keynes)

Though the 'Keynesian world' was created to bail out the 'Smithian world' crumbling under its own burden through the general crisis of capitalism in 1930s, it was also welcomed by all kinds of labor collectives and socialists, as the subjective factor, the organized working class, equipped with class consciousness, i.e. a class-for-itself, ready to transform the crisis into revolutionary class struggle, was missing.