During the second half of the 60s, I discovered and began reading Dr. Marx's extensive in-depth analysis of capitalist economy, as well as his critique of capitalist political economy. As such, I'm compelled to thank Newsweek for devoting valuable space to the June 22 essays because, once again, it's time to evaluate our capitalist economy. It's clearer today that capitalism can't, and won't, deliver what human beings must have to pursue life, liberty and happiness regardless of how many times it's reformed. Predictably and unfortunately, Dr. Zakaria repeats the same mistake as anti-Marxist critics before him when he writes, "What we are experiencing is not a crisis of capitalism. It is a crisis of...democracy...". Crisis or not, Dr. Zakaria, like most who have a stake in capitalism, is in denial. Dr. Marx's collected works demonstrate a democracy can be, and in American's case is, dominated by a capitalist political economy. To ignore the historical string of capitalist economic tragedies and write that our current crisis lies not with capitalism but with democracy is to fall into the trap described by Dr. Marx, "History always repeats itself twice: first time as tragedy, second time as farce." Our capitalist economy has run out of time, as did the slave economy before it. It's time we developed an economy which will allow us to live the dreams of our Founding Fathers.









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