Reply To: Alexandra Ocasio-Cortez and the Labour Theory of Value
https://www.bbc.com/news/business-47532522
Former Indian central bank governor Raghuram Rajan told BBC Radio 4’s Today Programme
“I think capitalism is under serious threat because it’s stopped providing for the many, and when that happens, the many revolt against capitalism,”
He said governments cannot afford to ignore social inequality when considering the economy.
He said authoritarian regimes arise “when you socialise all the means of production”.
