Reader MardyS suggested that I watch the Bill Moyers episode David Simon on America as a Horror Show.
David Simon, journalist and creator of the TV series The Wire and Treme, talks with Bill about the crisis of capitalism in America.
In the interview they discussed David Simon at the Festival of Dangerous Ideas in Australia.
At the time of this writing, I have only been able to watch the first 14 ½ minutes. I really liked his description of what was right and what was wrong with the ideas of Karl Marx.
His conclusion was that Karl Marx was an excellent diagnostician of what can and will go wrong with capitalism. He was just a very poor physician (I forget if that is the word he used) at coming up with and prescribing a solution.
Of course that is not a problem of Karl Marx alone. I have read many books by Krugman, Reich, Stiglitz, etc. These books are all very good at describing the problem. The last chapter where they talk about what to do is always a huge disappointment.
Well, it is not so disappointing anymore, because I no longer expect to find a solution at the end of the book.