Keyword: karl marx

We Shouldn't Reject Marx Too Quickly

Picture: Karl Marx courtesy Wikimedia Commons Video Most people agree that we need to improve our economic system somehow. Yet we're also often keen to dismiss the ideas of capitalism's most famous and ambitious critic, Karl Marx. This isn't very surprising. In practice his political and economic ideas have been used to design disastrously planned economies and nasty dictatorships. Nevertheless, we shouldn't reject Marx too quickly. We ought to see him as guide whose diagnosis of capitalism's ills helps us to navigate towards a more...

Is Full Employment Possible in Capitalism?

Picture: Adapted by SACSIS from various sources. Video "Just to get to the point in which public policy is genuinely focused on providing a maximum amount of job opportunities and well-being for people would be a major achievement," says Robert Pollin, Professor of Economics at the University of Massachusetts in Amherst, as he talks about how to achieve full employment under capitalism. Watch this clip for a quick breakdown of the differences between economic theories Marxism, Keynesianism and neoliberalism. Editors's Note: You...