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Karl Marx's warning

 
 
Reply Thu 12 Jul, 2012 12:22 pm
According to Time magazine special, KM predicted the pitfalls of capitalism a 150 years ago.

He warned that the market logic of capitalism would produce recurring dangerous crises because of it's tendency to channel most of the riches created by society into the pockets of the wealthy elite, who would increase their profits even more by cutting jobs, not realizing that cut backs would also cut their profits.

You always have it in your power to admit that you are powerless Ashleigh Brilliant
One useless man is a disgrace, two is a law firm, three or more is congress. John Adams
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