What was Marx's prognosis for the capitalist system that he knew ... and there, as an Industrial Reserve Army, it will compete wages back down to their former "value" -- the subsistence level.

According to Lenin, "Monopoly is the transition from capitalism to a higher system.'' The critical element ... sufficient investment opportunities in industrial regions of the world.

McCraw, T. K., ed. Creating Modern Capitalism: How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions. Cambridge, MA: Harvard ...

Is capitalism the best economic system ever devised? No doubt about it. Does believing that the profit motive sometimes must be restrained make you a radical left-winger? Only in America.