Roubini`s Comments on The Economy And Market Developments - Unofficial Blog
Aug 15, 2011
Karl Marx Said It Right. At Some Point Capitalism Can Self-Destruct Itself.
Karl Marx said it right. At some point capitalism can self-destruct itself because you cannot keep on shifting income from labor to capital without having excess capacity and a lack of aggregate demand. That’s what’s happening. We thought the markets work. They’re not working. - in CNBC