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Old 08-14-2011, 01:05 PM
Florian Florian is offline
 
Join Date: Mar 2009
Posts: 2,118
Default Marx was right. Wall Street Journal Interview

http://online.wsj.com/video/roubini-...F3E2F8735.html

From the interview with Dr. Roubini:

"Karl Marx had it right. At some point capitalism can self-destroy itself. That's because you can not keep on shifting income from labor to capital without not having an excess capacity and a lack of aggregate demand. We thought that markets work. They are not working. What's individually rational...is a self-destructive process."

Last edited by Florian; 08-14-2011 at 01:21 PM..
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