It attempts to deconstruct capitalism with at least a separate cover Der Spiegel which circulates.
With a special portrait of him Karl Marx to figure it out, the German magazine wonders if it was “right” after all, since as it states “The classical capitalism no longer works”.
Der Spiegel notes that “driven by ever-new global crises and an impending climate meltdown, concrete reform ideas are emerging: less growth, more government targets,” while then commenting the words of the American billionaire investor and hedge fund manager, Ray Dalio, stating how lately he himself seems to be no longer reading the Wall Street Journal in the mornings in the 2,000 sq m villa, but “Marx’s Capital”.
“Too many things don’t work anymore. Globalization is about to collapse, taking the German economic model with it. The international community is locked in competing blocs, inflation is further widening the gap between rich and poor, and we have missed almost all of our climate targets.” notes the magazine, citing British historian Adame Tooze, to refer to the era of “multicrisis” and the “invisible hand of the market” which “no longer appears as a panacea” before turning to the issue of climate change.
“The climate crisis is the most prominent example of the problems caused by capitalism. Current environmental risks are closely linked to Marxist critiques of capitalism. More than 150 years ago, Karl Marx identified the dangers of this system to the planet.” .
Follow News247.gr on Google News and be the first to know all the news
