SecondThoughts

Why Financial Crises Are Inevitable

Bookstaber's "A Demon of Our Own Design" is an excellent book. Its dense reading but well worth the effort. It is a 2007 publication, but does not treat the current real estate bubble. But, it is extremely relevant much more so than I can say for Marx. Why do people insist on referencing meaningless generalities such as "capitalism...will produce tensions which will lead to its destruction"? First, to be useful, please cite which specific "tensions" Marx is referencing (if any) and second, please provide some argumentation demonstrating any validity to the "destruction" part of this quote.

While I don't think Buffett would support such gibberish, I do agree with Mr. Soprano on the point regarding the excessive amount of wealth that the financial sector has generated, and like Buffett and Mr. Soprano support a fiscal policy that would tax the rich to the tax benefit of the middle and lower classes.