Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Tuesday, August 15, 2017

BBC Masters of Money Karl Marx HD




Published on Jan 30, 2016

Stephanie Flanders examines one of the most revolutionary and controversial
thinkers of all. Karl Marx's ideas left an indelible stamp on the lives
of billions of people and the world we live in today. As the global
financial crisis continues on its destructive path, some are starting to
wonder if he was right.

Marx argued that capitalism is inherently unfair and therefore doomed to collapse,
so it should be got rid of altogether. Today as the gap between rich and poor continues to
cause tension, his ideas are once again being taken seriously at the heart of global business.

Stephanie travels from Marx's birthplace to a former communist regime detention centre in Berlin and separates his economic analysis from what was carried out in his name.
She asks what answers does Marx provide to the mess we are all in today.




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