Although there is a lot to learn from Marx, his solution was far worse than the disease. At the same time it can’t be said that today’s capitalism, dominated by immense inequality and financial crises has triumphed.
For more from The Economist and their Open Future project, click here.
And, of course, outsiderdom is politically located where the nationalist old and disenfranchised you intersect. Outsiders are not defined by traditional labels, but they do form strange coalitions. So the small shopkeeper could well have conservative instincts, while the twenty-something tattooed barista could be liberal to her core. Yet both of them see themselves as outsiders, and neither has a voice, but what they do have is a vote and every once in a while, if pushed, they say – enough!
For more from David McWilliams and his work on contemporary economics, click here.
UK GDP estimate figures are out today – and you can get the data here when it is announced. But, as governments struggle to measure wellbeing in other ways, it’s useful to look at what then-US Presidential candidate Robert Kennedy said about how this key dataset falls short, from 1968.
To hear Robert Kennedy make this speech in his own voice click here.