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by RobertoG 3910 days ago
I think the important message is more general: "don't worry because markets equilibrium will solve all the problems. Don't look too hard to the last 30 years, it was not a policy problem, it was just a demographic anomaly. Our theories are good and worked perfectly."

What surprise me is that they use the capital vs. workers narrative.

2 comments

The right wing press just loves to fain Marx when it suits their own narrative.

That said, I often wish the mainstream left would diversify their own font of knowledge. Especially given most don't read him.

The left don't read Marx because Das Kapital is one of the slowest most boring reads I've ever encountered...

On the other hand the basic concept of labour and capital as market objects with values controlled by supply and demand makes a lot of sense.

Politics aside, unless you challenge the data it was an demographic anomaly. Do you think it had no effect on the markets?