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Kaysi
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Do you think Karl Marx was able to forsee the current global financial crisis.
October 14, 2008 - 03:18 PM
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How can we link thecurrent ffinancial crisis to the Marxain analysis of capitalism and what do you think its spill over efffect will be to the least developed countries
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jasper bakyayita
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Re: Do you think Karl Marx was able to forsee the current global financial crisis.
October 20, 2008 - 05:09 AM
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Dr.Karl Mark was able to forsee the demise of capitalism almost 100 years ago.He talked about the rich class,which is bent on exploitation,the class struggles and the corruption of wages of the working poor(proletariat)
The fate of the rich class will vanish as workers all over the world will control the means of prodution.
The theory of Dialectical materialism is one of the reasons we are in this mess.
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André
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Re: Do you think Karl Marx was able to forsee the current global financial crisis.
February 5, 2009 - 04:58 PM
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This financial and economical crisis is not the end of capitalism; in the theories of capitalism have predicted cyclical financial crisis.
The crisis that blow up in the last year is the big one since great depression (EUA) because today globalization have made more easier foreign investements and international buy/sells. I think that was electronic (stockmarket-internet) markets that made the crisis have a quickly big impact. Today money flows faster than ever.
Then, I believe in recovery of the US first and after the other developed coutries.I hope a little more regulation (not so much) in the markets, next years.
*
This post was edited on: 2009-02-05 at 04:59 PM by: apassosviana
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