PaintMyHouse
Diamond Member
- Banned
- #241
When the cash doesn't flow at the bottom, the system collapses. It's why Henry Ford paid so well, he wanted the workers to be able to buy the damn cars."We can’t say Karl Marx didn’t warn us: capitalism contains the seeds of its own destruction.Excessive greed will be its true killer
"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 earning enough to buy the goods capitalism produces.
"And that’s exactly what’s been happening over the past four years of the Great Recession: ever increasing income inequality, leading to ever weaker aggregate demand – temporarily disguised by an unsustainable credit binge – leading to collapse.
Karl Marx Was Right Intelligence Squared