Marx's theory that only capitalists benefit from capitalism and workers are exploited was completely wrong. Nothing could have been further from the truth. Workers earned more as economies grew.
Kenneth RogoffRussia depends on natural resources way too much. Russian economy is not diversified enough
Kenneth RogoffUnbridled capitalism in the United States can't be sustained socially. It leads to tensions.
Kenneth RogoffWe're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper.
Kenneth Rogoff