tag:blogger.com,1999:blog-183955164740657319.post6821900323454908081..comments2023-11-03T10:40:27.057-05:00Comments on Boring Old White Guy: Is America on the wrong track?mtracyhttp://www.blogger.com/profile/09520649088994864951noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-183955164740657319.post-32436986454535457322014-03-17T09:33:17.847-05:002014-03-17T09:33:17.847-05:00Marx got a lot of this right -
http://en.wikiped...Marx got a lot of this right - <br /><br />http://en.wikipedia.org/wiki/Marx's_theory_of_history#Feudalism<br /><br />" Marx believed that capitalism always leads to monopolies and leads the people to poverty; yet the fewer the restrictions on the free market, (e.g. from the state and trade unions) the sooner it finds itself in crisis."<br /><br />Marx is saying that government regulation of business and support of unions keeps the capitalists from overdoing it. <br /><br />The real "Reagan Revolution" was that it signalled that the government would no longer use it's power to support labor or restrict and regulate capitalism. <br /><br />Capital has "captured" the government. Since then, things have been great for capital and bad for labor. <br /><br /><br />Ed Crottyhttps://www.blogger.com/profile/10103923868669472908noreply@blogger.com