Never scared to stoke controversy, Nouriel "Dr. Doom" Roubini claims to agree with Karl Marx's...

|By:, SA News Editor

Never scared to stoke controversy, Nouriel "Dr. Doom" Roubini claims to agree with Karl Marx's view that "capitalism can self-destruct" due to income shifting from labor to capital, which in turn leads to "excess capacity and a lack of aggregate demand." Perhaps Roubini's view was influenced by the $1.9T in cash American businesses have stockpiled. (previously)