DeLong is an economist with a strong interest in history.
His Socratic-esq dialogs are entertaining - e.g. http://delong.typepa...ncial-crisis.html
He knows that it's perfectly within the capabilities of our leadership to fix our economic problems. The economics is well understood. I think that's what he's getting at - he doesn't accept that it's inevitable that we'll slouch toward the 1% owning everything and an eventual revolution of the proletariat.
He pulls his hair out like all of us over the stupidity of our politics - https://www.google.c...t+vote+republican
He's not saying our destiny is to tax the rich and have more leisure time. That is a possible outcome - we know how to do it - but it's not inevitable.
Now whether he's given a fair summary of Marx, I can't say. Marx wrote a lot and I've only read a little of his writing.
If you like graphs of how far we've fallen and where we are in our recovery, then you should read Calculated Risk if you aren't already - http://www.calculatedriskblog.com
You're welcome! ;-)
Cheers,
Scott.
