Very short article by Anton Pannekoek where he briefly explains the Council Idea. Originally published in "Funken, 1952, No.

"The fountain-head of Keynesian socialism in America has been ... The Foundation circular notes "Keynesian ideas enjoy almost a monopoly" in American colleges. The effect of this monopoly is ...

"Monopoly is exactly the opposite of free competition ... to postpone its inevitable crisis and metamorphose into socialism. It also created new, serious problems for the world.