Marx May Have Had a Point

Hitting the mainpage for the first time, Black Sabbath writes "While communism has been declared dead and buried (with a few stubborn exceptions), Karl Marx's diagnosis of capitalism's ills seem quite bang on the money. Harvard Business Review blogger Umair Haque lists where Marx may have been right." It's a pretty good read once you get past the author's three paragraph disclaimer that he is not a communist. The MIT news also ran a short interview discussing the economic trends in August this morning.

Comments

Re:Nothing to surprising

[Lundse]

Mod up!

People (especially in America, sorry) have this weird assumptions that they know Marx, communism and socialism, from what they saw Lenin, Stalin and their breed of fascism do. You may as well argue that monarchy does not work because the nazis were bad people.

Capitalism, on the other hand, has been tried. It is not working, and never have (I know it's great for growth and accumulation of wealth - it just sucks at liberty, life and the pursuit of happiness).