Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

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Sunday, May 13, 2018

Karl Marx was right?

This is from The Economist.  Not The New Left Review.  Or Think Progress.  Or Mother Jones

It's almost as bad as the IMF doing research which shows that decreasing inequality increases growth (oh, the horror!) or actually going so far as to ask whether neo-liberalism has been oversold (what have these guys been smoking?)

When these sorts of people are asking these sorts of questions, it is abundantly clear that the pendulum is starting to swing back from extreme capitalism towards something softer--and more rational.  Politicians (on both sides of the divide) take note.

(Hat tip to Kristina Keneally)

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