http://m.guardian.co.uk/ms/p/gnm/op/seOIH9UMh6UZY-PCQH7Xo1A/view.m?id=15&gid=world%2F2012%2Fjul%2F04%2Fthe-return-of-marxism&cat=most-read What comes around goes around???

http://m.guardian.co.uk/ms/p/gnm/op/seOIH9UMh6UZY-PCQH7Xo1A/view.m?id=15&gid=world%2F2012%2Fjul%2F04%2Fthe-return-of-marxism&cat=most-read What comes around goes around???

Nothing to see here.

Ovavoo wrote:http://m.guardian.co.uk/ms/p/gnm/op/seOIH9UMh6UZY-PCQH7Xo1A/view.m?id=15&gid=world%2F2012%2Fjul%2F04%2Fthe-return-of-marxism&cat=most-read What comes around goes around??? Good read, having visited Vietnam i've read a bit about it it's not the easiest of subjects to understand but I found this which explains a bit. http://rationalrevolution.net/war/marxism.htm

Ovavoo wrote:http://m.guardian.co.uk/ms/p/gnm/op/seOIH9UMh6UZY-PCQH7Xo1A/view.m?id=15&gid=world%2F2012%2Fjul%2F04%2Fthe-return-of-marxism&cat=most-read What comes around goes around??? Good read, having visited Vietnam i've read a bit about it it's not the easiest of subjects to understand but I found this which explains a bit. http://rationalrevolution.net/war/marxism.htm

As Marx himself says...

"Last night I shot an elephant in my pyjamas..."

How did he get in your pyjamas?

I was attending a conference last week on economics – one of the speakers was Lord Skidelsky (economy historian and biographer of Keynes), who commented at one point that everyone should read Marx, not least because he had a pretty good idea of what would happen when the bulk of the wealth was concentrated in the hands of so few.

But there have been suggestions like this for a few years, in pretty much the same vein.

Skidelsky is a great writer, his book "Keynes: Return of the Master" is a superb read for summarising the different strands of economists and their alternative explanations of depressions and financial crises.

You think by now though that at least one of the economic genius's, whether from the right, left or centre would have come up with a foolproof way to avoid continual crises. I realise that economics are a bit like the weather, hard to predict but surely there's got to be a system waiting to be discovered.

Keynes gave us a solid framework that helped get us out of the Great Depression and understand economic cycles and the problems of depressions. However the establishment view is anti Keynesian because most of those with power have wealth and it suits those with the most wealth to follow a more neoclassical approach of keeping taxes down for top earners and letting markets adjust over the long term through real wages adjusting downwards until the market clears.

Ovavoo wrote:http://m.guardian.co.uk/ms/p/gnm/op/seOIH9UMh6UZY-PCQH7Xo1A/view.m?id=15&gid=world%2F2012%2Fjul%2F04%2Fthe-return-of-marxism&cat=most-read What comes around goes around??? The mods on here will be pleased - as long as they eat at the top table!!

Ovavoo wrote:http://m.guardian.co.uk/ms/p/gnm/op/seOIH9UMh6UZY-PCQH7Xo1A/view.m?id=15&gid=world%2F2012%2Fjul%2F04%2Fthe-return-of-marxism&cat=most-read What comes around goes around??? The mods on here will be pleased - as long as they eat at the top table!!