It's the economy, stupid.
Jul. 18th, 2005 11:19 amInteresting to read and hear people's verdicts on Edward Heath.
( Ill-informed ramblings )
Following last week's poll result putting Karl Marx at the top of the current philosophy hit-parade, Francis Wheen has written another article on Marx's continuing importance in the modern world.
The billionaire speculator George Soros now warns that the herd instinct of capital-owners such as himself must be controlled before they trample everyone else underfoot. 'Marx and Engels gave a very good analysis of the capitalist system 150 years ago, better in some ways, I must say, than the equilibrium theory of classical economics,' [ . . . ] In October 1997 the business correspondent of the New Yorker, John Cassidy, reported a conversation with an investment banker. 'The longer I spend on Wall Street, the more convinced I am that Marx was right,' the financier said. 'I am absolutely convinced that Marx's approach is the best way to look at capitalism.'