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I think I get Marx's basic idea about capitalism

athena1's picture

I'm watching Yanis Varoufakis' interview with Joseph Stiglitz here:

I know Yanis is probably a Marxist. I've read Marx, but I've never understood why he was so sure capitalism would devour itself. But watching this, I'm pretty sure the problem is that if one profits, another is indebted. And that's the deal with the Eurozone now.

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