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Lately I have the feeling that, because Marx have so bad press, people is reinventing Marxism with other name. The author say: "In Piketty’s view, the only rea
by RobertoG 11y ago
Lately I have the feeling that, because Marx have so bad press, people is reinventing Marxism with other name.
The author say:
"In Piketty’s view, the only reason we don’t see such extremes is because some kind of random event always intervenes before we get to it"
And then:
"I think Walter is on to something, and his theory can be made endogenous. That is, when inequality becomes too high, the chance of a state collapse or transformative revolution increases."
What are those but crisis of capitalism?