For those of you who hold out for a social democracy model for socialism, we have some bad news for you. Sweden is tied with Yankeedom in having the steepest inequality in the world, thanks to 46 years of neoliberalism.
Meanwhile the standard of living has gone up in Eastern Europe and down in Latin America. Michael Roberts demonstrates why taxing the rich will not solve this problem. Capitalists cannot face the tendency of the rate of profit to fall and keep kicking the can down the road whether in printing more money or manipulating stocks and bonds.
Read Michael Roberts at The Next Recession
