Once again it is evident that even between major crises, the market has no answer to the major problem confronting the twenty-first century: that unlimited and increasingly high-tech economic growth in the pursuit of unsustainable profit produces global wealth, but at the cost of an increasingly dispensable factor of production, human labour, and, one might add, of the globes natural resources. Economic and political liberalism, singly or in combination, cannot provide the solution to the problems of the twenty-first century. Once again the time has come to take Marx seriously.
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About Eric Hobsbawm
Eric Hobsbawm was a 20th-century British academic historian and marxist historiographer. Eric John Ernest Hobsbawm was a British historian of the rise of industrial capitalism, socialism and nationalism. His best-known works include his tetralogy about what he called the "long 19th century" and the "short 20th century", and an edited volume that introduced the influential idea of "invented traditions". Read more on Wikipedia →