Sunday, August 21, 2011

External article by Jérôme E. Roos: 'Passive revolution: are the rich starting to get scared?'

Warren Buffet wants to tax the rich, Forbes warns about a global class war and Nouriel Roubini says that Marx was right about capitalism. What’s going on?

It was a week of opposites. As stock markets around the world continued to nosedive into financial meltdown, the world’s third wealthiest man told US Congress to stop coddling the super-rich; Forbes, the ultimate magazine of the rich and famous, warned about the “coming global class war“; and Nouriel Roubini, one of the world’s leading economists, told the Wall Street Journal that Karl Marx was actually right in saying that capitalism is doomed.

And as if that string of radical comments from some of the world’s least radical sources weren’t enough, Business Insider piled onto the scrimmage stating that “Karl Marx is hot” and TIME Magazine called on the West to “heed Marx’s warning” and realize that capitalism simply won’t survive without heavy-handed state intervention.

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