Inequality, morals & Marxism — Chris Dillow

Previously Marxian Chris Dillow goes full-on Marxist. Time to change the material conditions of production. This is a moral argument in addition to being an economic one.

Capital had its chance twice. The first time it failed was in the global financial crisis, which lead to obscene levels of "inequality" (read funneling ownership and control of real and financial resources to the top). Now, there is systemic failure that threatens civilizational collapse, with the current pandemic only one of the factors involved. Metaphorically, there are four horsemen of the apocalypse.

We need a new approach to power-sharing. TPTB not only aren't cutting it but are also getting in the way. Time to make room for competence.

Stumbling and Mumbling
Inequality, morals & Marxism
Chris Dillow | Investors Chronicle