Your quote proves my point that Keynesians are the opposite of “statists” when he talks about “technique, taste, population and institutions” driving investment decisions. That’s what I want to see in my economy. Do you disagree with that?
Not sure you’re reading the rest as intended either.
This is not a prescription for the government to drive down interest rates to zero so that no investor makes a profit, ever. It just means that when sufficient liquidity, the marginal return on capital should be zero, like any commodity. What’s wrong with that?