The Insight of Karl Marx

“… Inequality is rising. This is not just a ‘moral’ issue but also an issue of too little consumption too little savings that is bad for global growth. It’s a bit like the Marxist idea that if profits grow too much compared to wages, there’s not going to be enough consumption, and capitalism is going to self destruct. The insight of Karl Marx is as useful today as it was 100 years ago.” – Nouriel Roubini at the World Economic Forum.