"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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Bankruptcy in Malaysia
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Courtesy of: iMoney.my
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A reminder to update Picasa
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*We just updated Picasa. To ensure that sharing to Google+ still works,
please update to the latest version or turn on automatic updates. Thanks,
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Picasa 3.9: Now with Google+ sharing and tagging
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Posted by Chandrashekar Raghavan, Product Manager
Picasa 3.9, the latest update to the Picasa client, is ready for you to try
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"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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