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Nouriel Roubini: "Karl Marx was right"

Blog posts reflect the views of their authors.

Nouriel Roubini, one of the world's most well-known economists, discusses his take on the current market climate in the Wall Street Journal. 

Money quote:

"Karl Marx said it right, at some point capitalism can destroy itself because you cannot keep shifting income from labour to capital without not having an excess capacity and lack of aggregate demand and that's what's happening.  We thought that markets work; they're not working...it's a self destructive process."

 

 


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Gwalgen Dent (Gwalgen Geordie Dent)
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