The second time as farce

Karl Marx was correct, it seems, in predicting that capitalism would suffer recurring crises.  What he seems to have overlooked is the impact of his own predictions (with companies and governments taking steps to eliminate or ameliorate the worst effects of the system), and capitalism’s adaptability.  With the socialization of the means of exchange taking place in much of the western world this month, capitalism has shown that it is even willing to adopt its own antithesis in order to survive.

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