Sales of the "Communist Manifesto" have soared ever since , when the global financial crisis broke out, as have those of "Das Kapital," Marx's masterpiece of political economy, and the "Grundrisse," which in English is the "Outlines of the Critique of Political Economy.
Their sales rose as British workers were struggling with debt and job insecurity. In short, the financial crisis undermined many Western voters' faith in capitalism because it exposed the perils of inadequately regulated markets.
British capitalism is "failing" children who "will grow up into a world where the gap between the richest and poorest parts of the country is significant and destabilizing," said the Financial Times newspaper in September At first glance, capitalism seems to be doing quite well.
Upon closer inspection, however, the picture is more worrying: Capitalism is failing to generate social mobility and even basic welfare for those who need it most.
Britain's top business leaders claimed that the capitalist system has been hurt by management greed, corporate tax dodging and investors' short-term outlook. Many in Britain have felt the ravaging effects of the capitalist system: falling wages, rising costs and work insecurity, a strained welfare state, slashed public services, stalled growth, lagging productivity and hollowed-out communities.
Britons voted in June to leave the European Union , a decision nicknamed "Brexit. The current political landscape in Britain has prompted people to speak out favorably on socialism. A study by online market research and data analytics firm YouGov found in February that about 36 percent of people said they view socialism favorably as opposed to 32 percent who view it unfavorably.
Britain is not alone. According to a new survey, more than 40 percent of millennials in the United States said they would rather live in a socialist society than a capitalist one, the Daily Mail newspaper said on Nov. Against such a backdrop, voters in Britain want the government to take a more socialist approach to economic policy by renationalizing railways and utilities, while creating a wage cap for top earners. About 83 percent of British voters would prefer public ownership of water companies over privatization, while 77 percent want to renationalize electricity and gas companies and 76 percent want the railways back under state control.
A Guardian story on Jan. Over the past years since the publication of the "Communist Manifesto," the world has seen China transform itself from a weak, underdeveloped country to a prosperous nation, which has adopted its own development model and modernization pattern.
But if you see something that doesn't look right, click here to contact us! After George On February 21, , Christian Karl Gerhartsreiter, a con man who went by the alias Clark Rockefeller and passed himself off as an American blueblood, is born in Germany. Gerhartsreiter gained the public spotlight in , when he kidnapped his young daughter and became the In , Dolly Parton brought the full range of her talents to bear on a project that would cement her crossover from country music to mainstream superstardom.
That project was the movie 9 to 5, for which Dolly wrote and performed the song that earned her both Oscar and Grammy Born Malcolm Little in Omaha, Le Duc Tho stated that the North Vietnamese position continued to require an Sign up now to learn about This Day in History straight from your inbox.
The first major engagement of the Civil War in the far West, the battle The driving On February 21, , Hideki Tojo, prime minister of Japan, grabs even more power as he takes over as army chief of staff, a position that gives him direct control of the Japanese military. At a. On the morning of February 21, , combined Allied forces of British troops and the Australian mounted cavalry capture the city of Jericho in Palestine after a three-day battle with Turkish troops. Live TV. This Day In History.
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