John Cameron's personal blog

Serious discussion about your financial position now - and in the future.

Food for Thought: 3 Classes Battle for the Upper Hand, Where There Used to be Just 2.

Look at the literature over the last hundred years or so, and you will see 2 classes battling for the economic upper hand. They are Labour and Capital. 

Karl Marx based his whole theory around this battle. While classical and neoclassical economists portrayed it in less confrontational terms, much of their theories were still based around competition between these two classes.

Enter the third class – Consumers.

...
Continue reading
255 Hits