Who knows capitalist economics better Barack Obama or Karl Marx?

Alex Smirnoff

New member
Since the polls showed that Americans liked their health care, Obama switched from "health care reform" to "health insurance reform". Like Al Gore. His stump speech nowadays is "greedy insurance companies overcharge the customers and deny them surgeries and pocket astronomical profits".

That would score him F in Karl Marx' class on capitalism. Unlike our ignorant president, Prof.Marx did some extensive research on capitalism before trashing it.


His conclusion which he made in his book "Das Kapital" : in free market capitalism no industry can enjoy profits above average, let alone astronomical profits. Equal profits on equal capital. Capital is redistributed by greedy investors among various industries, to maximize profits.

Another point very central to Marxism : capitalists do not make profits by robbing their customers. Capitalists make profits by exploiting employees, not customers.
 
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