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May 4, 2013     


economy


Submitted by Michael Dewey
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The Failure of Capitalism: click here

While the ideologists of the ruling class seized upon the collapse of the USSR to proclaim the end of socialism, the economists and media pundits say nothing about the failure of capitalism.

However, just under the surface of their bewilderment lies the growing fear that this economic breakdown will produce a tremendous upsurge in social and class struggles. Recently a major article in Time magazine noted that Marx had theorized that "the capitalist system would inevitably impoverish the world's masses as the world's wealth became concentrated in the hands of a greedy few causing economic crises " A growing dossier of evidence suggests that he may have been right."


 

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