Chris Mason: Faced with an almighty mess PM opts for big shake-up
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The prime minister knows he needs to be seen to be delivering and quickly -
and he has to hope this new team can do it.
1 hour ago
"Karl Marx had it right," Roubini said in an interview with wsj.com. "At some point capitalism can self-destroy itself. That's because you can not keep on shifting income from labor to capital without not having an excess capacity and a lack of aggregate demand. We thought that markets work. They are not working. What's individually rational...is a self-destructive process."
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