I was reading a post at Seeking Alpha about why the economy is headed further down and came across this comment:
This is a classic crisis of capitalism, an epidemic of over-production brought about by its most fundamental limitation/contradiction: the tendency of the rate of profit to fall. This tendency exerts its death-grip every 60-80 years so... it was only a matter of time.I have two questions and an answer for the gentleman.
Let me get this straight. The problem with capitalism is that it produces too much? You would rather have the reverse problem? Socialism is your answer.
Cross Posted at Classical Values