beyond predicting catastrophic economic downturns. Now, he's saying that capitalism itself is threatened.
Recent popular demonstrations, from the Middle East to Israel to the UK, are all driven by the same issues and tensions: growing inequality, poverty, unemployment, and hopelessness...
Even the world’s middle classes are feeling the squeeze of falling incomes and opportunities."
capitalism is undergoing a crisis that Karl Marx predicted a century ago, driven by an ongoing transfer of wealth and power from labor to capital (in other words, from poor and middle-class people to rich people.)
normally, capitalism woud start a war now, somewhere ... and that is also happening with colonization of oil Arab countries by Nato/US