Marx and the credit crunch part1
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200 years isn't a very long time, historically, nor does everything that works well work well forever, under all circumstances. Capitalism is a stage of history which, for its time, yielded rapid industrialization, but it also develops its own conditions for failure. The "socialization" you're speaking of, or the "sub-prime" crisis, are all symptoms of a deeper-seated problem.
cbrislain 2 years ago
He should ask himself how American Capitalism went on for 200 years without a "sub-prime" crisis and only fell into disarray when the government attempted to socialize the mortgage industry with Fannie Mae and Freddie Mac, amongst a great deal of other meddling and artificial credit creation by the Fed.
strongbadXCP 2 years ago
DAS KAPITAL, Karl MARX, back 2 basics!
jugoponos 3 years ago