Its a fair argument.... but I've been reading about these same...

Its a fair argument.... but I've been reading about these same arguments since the 1980's..... John Ralston Saul became the most profound explainer of dying capitalism in the 90s and yet, despite all the evidence that our system is eating itself from within, the system continues to fall over and need propping up on a regular basis.

Now the rise of AI is moving apace and Modern Monetary Theory is undermining Govt modelling on the economy while Euro economies explore models of the Universal Basic Income.

Marx/Engels has nothing to offer here and even Keynes is being discredited during the COVID Crash.

Once changes would take generations to filter through. These days change can go through a complete cycle of relevance in a year - from obscurity to vital importance to last years bright idea only to be replaced by the Next Big Thing in Economics.