It’s time to heed economists’ warnings

To hear HSBC bank’s chief economist echoing Karl Marx is surely a significant event. At the recent Left Forum in New York, Chris Hedges recalled Marx’s observations on capitalism. 

They concurred uncannily with HSBC’s Stephen King’s dire warnings this week that: “The world economy is sailing across the ocean without any lifeboats to use in case of emergency.”

Marx predicted that unregulated capitalism harboured the seeds of its own destruction.