provfivetine -> RE: That need to embrace change through Marxism. (4/16/2011 9:29:29 PM)
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Marxism is simply a metaphysical doctrine, and Karl Marx himself was nothing but a religious eschatologist. His ideas may be worthy of discussion in an academic classroom setting, but anyone who takes them seriously is suffering from profound intellectual confusion. I do not agree with this statement. Marx economic theory is widely accepted, and not only in academic setting. The question is how much his treatment of society can be applied to today's economic-social environment? It was developed for early, relatively simple form of capitalism. Marx focused on property and class structure and suggested the ways to change it. I think the society today is getting simplified with corporatism, appearance of the "super-class", new numerous lumpenproletariat, serfs etc... and these factors make Marx's ideas popular again. Obama is often called a Marxist. He does not fit the description though. He never attacks private property structure, he did not take any advantage of nationalized banks or car companies. The only thing what he sometimes lets people know he may want (?) is to create more serfs (lower class which minimum survival is supported) out of lumpenproletariat (low wage temp workers, criminals and such). Marx's economic theory is widely accepted? By who? The labor theory of value is not accepted by any economist; even modern day analytical Marxists have long abandoned the theory. Das Kapital is riddled with contradictions. His value theory in Volume 1 contradicts his theory of production in Volume 3. Have you ever wondered why Marx labored his entire life to (unsuccessfully) solve the price-value predicament that he found himself in? He was so troubled by it that he couldn't even finish Das Kapital (it was published by Engels after Marx's death). To say that his economic theory is widely accepted is simply inaccurate. There might be a few union leaders, college students, and welfare recipients that believe in his garbled theories, but NO economics department in the entire country would endorse the pillars of Marxist theory. The economics departments are more into synthesizing neoclassical microeconomics with a Neo-Keynesian macro approach.
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