Nouriel Roubini: "Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct. As Marx argued, unregulated capitalism can lead to regular bouts of overcapacity, under consumption, and the recurrence of destructive financial crises fueled by credit bubbles, and asset-price booms and busts..."
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