Karl Marx (3)

Following on from my post on Karl Marx, I want to argue against the idea that Capitalism will not fail because it has not failed yet.

Nassim Taleb would call this the “Turkey Problem”. It is the problem of predicting the future based on past behaviour. Tha turkey knows that the farmer has treated it well for the past few years. Based on that experience, the turkey can confidently predict that the farmer will continue to do so. This works until the farmer kills the turkey in order to sell to the meat processor.