Karl Marx Was Right
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Filmed at the Royal Geographical society on 9th April 2013.We can't say Karl Marx didn't warn us: capitalism contains the seeds of its own destruction. In th...

We can’t say Karl Marx didn’t warn us: capitalism contains the seeds of its own destruction. In their chase for ever higher profits, the capitalists shed workers for machines. The higher return on capital means that the share of profits rises and the share of wages falls, and soon the mass of the population isn’t earning enough to buy the goods capitalism produces. And that’s exactly what’s been happening over the past four years of the Great Recession: ever increasing income inequality, leading to ever weaker aggregate demand – temporarily disguised by an unsustainable credit binge – leading to collapse. You don’t have to be a communist to see that this is so. We should all be Marxists now.

  • ⚧️TheConquestOfBed♀️
    13·
    2 years ago

    Benevolent capitalists like Henry Ford will simply raise wages and invest in labor because robots can’t buy cars

    I’M BECOMING THE FUCKING JONKLER

    If only China would remove state meddling from their economy, the system would correct itself.

    Loser of the game tells winner how they could play better.

    • ⚧️TheConquestOfBed♀️
      8·
      2 years ago

      Ghoul #2 could be torn apart by your average Lemmygrad poster. Really basic End of History shit.

      Marxist #3 at around 40 min is fuckin based as hell, I need to scroll back and get his name.

      Ghoul # 3 (Former Marxist): Actually, there’s nothing wrong with state intervention in capitalism. We just need to pull ourselves up by our bootstraps, live by our middle class values, and work through things rationally. Also who says there’s a collapse? This auditorium is full of comfortably middle-class folk.