The Economist recently pointed to some of Marx’s criticisms of capitalism:

1) Capitalists basically expropriate the wealth of others.

2) Capitalism is global by its nature and thus must “nestle everywhere, settle everywhere, establish connections everywhere.”

3) Capitalism has an inherent tendency toward monopoly.

4) Capitalism produces an army of laborers basically scrambling from one job to another. The Economist also noted that “Marx’s errors far outnumbered his insights.”

Question

Do you agree with these assertions? Explain your answer.