Marx didn't quite know how the implosion would work though. Neither he nor Adam Smith could foresee globalisation and international events echoing around the globe so quickly.

The Internet age isn't just about a cheap film in California leading to immediate riots across the Muslim world or even just about how The Arab Spring could occur. After all, the iron curtain came down without it.

No, the reason why Marx may end up being partially right is electronic trading. Computers monitoring the market making immediate best decisions. Unfortunately, the best decision is also the worst decision for others. Nothing new there except the speed of trading which is potentially catastrophic.

And catastrophic is a more than tenuous link to Th*tcher. I hope she does life a long and happy life. Long enough to see that her free market ideals have led to no more than showing pure capitalism doesn't work any more or any better than the socialist models she so despised.

She had no intention to hit the middle ground. The boring yet only system that stands a chance. I just wish her successors would make a better job of the middle ground they claim to inhabit.