When I was first studying economics, Marx looked to me like an idiot. This weekend marked the 200th birthday of Karl Marx, who was born in the German city of Trier on May 5, 1818. More and more working people are being dumped into a “lumpenproletariat” made up of would-be workers without regular jobs. With the right policy interventions, a basically capitalist economy could indeed be harnessed to serve the broad working public. The postwar boom seemed to prove Keynes right.

Source: Huffington Post May 07, 2018 00:00 UTC