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> analysis of who this new nobility actually is and what the real power structure really looks like https://twitter.com/alexia/status/522517041983393793 https:
by pastProlog 12y ago
> analysis of who this new nobility actually is and what the real power structure really looks like
https://twitter.com/alexia/status/522517041983393793 https://twitter.com/alexia/status/522517041983393793
> I've seen bits and pieces of that, but they always strike me as kind of superficial and conspiranoid-tinged
The main left-wing, non-superficial analysis of the 2008 financial crisis that I know of is this -
http://monthlyreview.org/2008/12/01/financial-implosion-and-stagnation/ http://monthlyreview.org/2008/12/01/financial-implosion-and-...
It has plenty of data, as well as an analysis of the data from their viewpoint.
Eleven years after Marx died, Engels published the third volume of Capital from Marx's draft and notes. In it he lays out the tendency of the rate of profit to fall in capitalism ( http://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit_to_fall http://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit_... ), and other such things.
The Monthly Review article links to the US government's Bureau of Economic Analysis of US GDP growth. In the 1960s it was 4.4% a year, in the "stagnant" 1970s it was 3.3% a year, in the 1980s it was 3.1% a year, in the 1990s it was also 3.1% a year, and from 2000-2007 it was 2.6% a year (if it has been extended to 2008 and 2009 it would have been lower).
- api 12y agoGood article. While I don't consider myself a Marxist in any dogmatic sense, I do think Marx was pretty good at diagnosing the problems of capitalism. I just don't think he was any good at fixing them. The real successor to capitalism is a socioeconomic system that has yet to be invented.