Musicmystery -> RE: Karl Marx back in fashion? (11/26/2008 9:42:40 AM)
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~FR~ What is it with the Karl Marx fetish? This is 19th century economic theory. OF COURSE it is now part of our world, and of course it is flawed in many ways. Anybody here claim to predict the economic events of the nest century and a half? Same, frankly, with the Adam Smith fetish--18th century economic theory. Completely free markets were an idea predating industrial economies. Some good thought, and some erroneous thought, especially regarding market externalities. Funny thing is, I see posters slamming "Marxist" ideas as essentially neo-feudalism, when Marx made exactly that claim regarding capitalism. Well, I guess it's easier to blame than to solve.
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