The End of Capitalism?
The point here is simple: Trust no one who declares an end to a system as complex and successful as capitalism, or who sees the current crisis as the long-awaited fulfillment of Marx’s voodoo economics.
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[C]apitalism, globalization, and the free market aren’t going anywhere. Yes, unemployment is still only 6 percent—it will most certainly rise—and the stock market isn’t quite in full collapse, but is suffering from periodic seizures. And indeed, we are most certainly heading towards a severe recession. But capitalism is durable, and has sustained itself in far worse situations. So ignore the disaster socialists: They are, after all, only taking advantage of the current crisis to try a little shock therapy of their own.
Etc., ad nauseam, and all that. The stick that poked the hornet’s nest is laying over here.
Oh, and unrepentant Marxist and grudgingly repentant Stalinist historian Eric Hobsbawm has criticized capitalism. I guess the verdict is in, then, huh?
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