How a Marxist Sees the Crisis

by Jeffrey Tucker
Mises Economics Blog
Jul. 06, 2010

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Fascinating video here that provides a Marxian point of view. 1) The economic understanding is fundamentally Keynesian, 2) the assumption is that a fixed pie always exists, 3) he can’t see the world as anything but a contest between capital and labor, 4) he assumes that wealth accumulation means criminality, and 5) he had no answers at all beyond calling for socialism, whatever that is.