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 jomine 6 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 expand, rather the companies will have to shrink due to lack of business. Again...
by Kathleen Cochran 19 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 departments and independent agencies have enacted laws, rules and regulations designed...
by loveofnight 6 years ago
What if anything did you think would happen when the year 2012 came. The Mayans predicted a time of death and rebirth in the year 2012. Others believed that it marked a time of great devastation.... The year 2000 did not bring about any of the things that people thought would happen; Jesus did not...
by 271828 7 years ago
If a star can collapse into a black hole, why was the big bang able to happen?Surely all that matter and energy at the beginning would have had infinite density and been a singularity!
by maticmagister 7 years ago
What will happen to the world?It is estimated that in 50years about 60% of all worlds countries will go bankrupt and the system as we know it will collapse. Monetary system revolves around debt, meaning creating money out of nothing. Every single country on our world is in debt and that debt is...
by Missing Link 5 years ago
What will happen to USA savings accounts and IRAs if the dollar and/or world economy collapses?I am quite worried the dollar and/or world economy will collapse. If so, what will happen to savings accounts in USA banks or USA managed IRA accounts? They say bank accounts are FDIC insured but surely...
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