/biz/ - Business & Finance

I work in a bank. I have bachelor's and master's in Economics. I always took capitalism as the obvious answer for an economic system, not recognizing the fact that the successes in such systems were thanks to heavy socialist policies took place in the West to compare with the Soviet Union.

With that competition gone there is no reason for capitalism to even try appearing as a benevolent system. People can't even afford basic necessities such as housing, food and transportation. The existence of humankind is degraded to a system in which you rent everything from a global elite that controls everything.

Dare I say that Marx was right?