Marx predicted the collapse of capitalism. But he didn't see the different gadgets, that were yet to come, that increased consumer demand and hence boosted economies. He didn't foresee the trad unions or rise of soviet union that tempers capitalists. Now that unions are gone and spectre of communism not anywhere near, capitalism is showing its true colors(like CEOs drawing a huge salary while the other workers are getting a meagre), and the product market is getting slowly saturated, the collapse is getting near, as predicted. Then what'll happen? There is no other economic system, we know currently, that works.
by jomine5 years ago
Most American companies sell their products to the third world. But indigenous companies are mushrooming in third world, and finally a stage will reach that the markets will be saturated and there won't be any space to...
by Kathleen Cochran3 months ago
"One of the many underappreciated legacies of the Obama administration has been its widespread implementation of pro-consumer policies. Under the outgoing president’s leadership, multiple executive branch...
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