Archive for February 18th, 2009
What if Marx is right?
Posted by John, February 18th, 2009 - under Keynesianism, Labor Party, Marxism, Neoliberalism, Social Democracy, Socialism, The Left, The Liberals, The Right, unemployment.
Tags: ALP, Australian politics, Big business, Capitalism, Creative destruction, Economics
Comments: 4
There is a dagger at the heart of capitalism. It is the tendency of the rate of profit to fall. If Marx is right about this tendency then it doesn’t really matter in the long term whether you are a stimulator or tax cutter, a Keynesian or a Friedmanite. Stimulus packages, tax cuts, letting business […]