Karl Heinrich Marx (May 5, 1818-March 14, 1883) was a Prussian philosopher, political economist, author and revolutionary socialist. His ideas played a significant role in the development of social science and the socialist movement.
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Tag: Capitalism
Marxism is a theory, and an ideology, that combines economic, social and political change resulting in a fair and equal society (i.e. communism). Formulated and pioneered by Karl Marx and Freidrich Engels, marxism focuses on a materialist interpretation of history, a dialectical view of social change, and the development and eventual collapse of capitalism.
Who’s in control of the banks? In a week where Royal Bank of Scotland’s NatWest software ‘glitch’ brought chaos to personal and business banking while Barclays Bank are fined for ‘fixing’ inter-bank lending rates, faith in the UK banking system plummets to yet another low.
When the Bank of England governor criticises the banking system as providing “shoddy” service to it’s customers, it’s time for people to start asking serious questions.