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Tag: Capitalism

Intelligence^2: Debate | “Karl Marx Was Right”

We can’t say Karl Marx didn’t warn us: capitalism contains the seeds of its own destruction. In their chase for ever higher profits, the capitalists shed workers for machines. The higher return on capital means that the share of profits rises and the share of wages falls, and soon the mass of the population isn’t …

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Richard Allen Posner: The Crisis of Capitalist Democracy

Published on Sep 7, 2012 Richard Allen Posner is a judge on the U.S. Court of Appeals, Seventh Circuit; a senior lecturer at the University of Chicago Law School; and the author of nearly 40 books on an astonishing array of topics, including economics, jurisprudence, aging, terrorism, literature, plagiarism and sex. The Journal of Legal …

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