“Not one of the major problems socialists have been complaining about for nearly two centuries has been solved. Some of the symptoms have altered their global location a bit, but anybody who can read Dickens and has seen pictures of Malaysian slums is capable of getting the basic diagnosis right. It is still perfectly clear overall that an enormous number of very poor people are making things for a comparatively small number of very comfortable people. Absolutely nothing fundamental has changed. With respect to the final decades of the twentieth century it can also be argued that at no previous point in human history have such large fractions of capital been allocated and reallocated amongst so-called ‘investments’ by people with greater ignorance of the real consequences of their activities.” COLIN A. M. DUNCAN
Posted on: Sat, 01 Feb 2014 13:03:53 +0000