In one sense, understanding Marx will better make you be able to defend your own capitalist ideals. However, the economic theory alone, as articulated in Capital is a worthy read. I and my family have always been unrepentant capitalists, as Marxist theory is not only economic but also has an anti-religious partiality. You can see that Marxist ideas have emotional appeal as well as some theoretical truth based on the time. You basically are allowed to live in a house on a tiny piece of land for working your life away.
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A free person is someone who has everything paid off, savings and economic rewards are equal to productive efforts. It is not exactly like you are sharing in the wealth of your productive efforts proportionally or a free man. Your boss has great leverage over you because he knows you have bills to pay. Even if you have a salary of 65k you still are working for the company, bank to pay the mortgage, insurance, medical and all the other expenses. However, how much different is that than today? Unless you are the owner of a business, you are part of the working class. Is that what you want from your one existence here on this planet? Yes, you could have a house and a small field but most of your wealth a productive activity when to the owner. At that time, most people worked their whole life, yes their whole life for one guy who lived in a big house and owned the land granted to him by some ancient government.
Karl Marx was a classical economist and wrote in a time that echoes our times in a strange twist of irony.įor example, my family came from Eastern Europe, and before the communist revolution.I believe in capitalism’s production and allocation efficiencies and I do not believe religion is an opium of the masses, however, a further examination of Marxist ideas is worth anyone study. I know this sounds crazy right? However, with population growth and limited resources in a future Malthusian world scenario, stratification of wealth and Gini coefficients of income distributions skewed, Marxist ideas might have greater value in understanding human nature and the social science of economics. Further, as times change his ideas may become more relevant and even more valid depending on the course of the future. Even in our democratic mix economies, there are some aspects of this theory that have insights into how markets operate and fail. What were Marx’s ideas and why were they so powerful?Īlthough his theories are not largely recognized today as valid, there are some truths in his theory. Karl Marx’s ideas were perceived as so dangerous that the Germans shipped him in a sealed boxcar to Russia because they were afraid of his economic theory spreading. The world is a war of ideas – Schopenhauer Above are the links for the three volumes of in one book: Critique of Political Economy, The Process of Circulation of Capital and The Process of Capitalist Production as a Whole.