Unformatted text preview: this off the fact his contemporaries and predecessors were mostly captivated by its ability to serve human wants. His views on capitalism have gotten many readings from New York University economist and London-based senior adviser to UBS Investment bank. Most believe that today’s global economy bears some resemblance to what Marx foresaw. Marx predicted that companies would need fewer workers as productivity improved. This has held to be true. With the rise of new technology, it cuts out uses of jobs and adds a competitive edge to the workforce. This is a hard argument, seeing that the U.S. unemployment rate is still more than 9 percent. Most of Marx’s admires view all this information with sensible evidence and an “I told you so” type attitude. Like Marx, most belief that capitalist tends to sow the seeds of their own destruction....
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This note was uploaded on 11/14/2011 for the course ECON 201 taught by Professor Chen during the Fall '11 term at N.C. A&T.
- Fall '11