Wednesday, August 10, 2011

Do IiberaIs openly admire KarI Marx or do they keep that admiration private?

Karl Marx is admired by all thinking people. He got some things right that capitalism needs to be reformed to reflect the public essence of the capitalist economy and there you are the most important corporations are listed on the stock exchange and owned predominantly by pension funds which are owned by the workers. He got certain things wrong like the naive belief that workers will be able to manage society in the interests of everybody but he was not a proletarian himself so don't expect him to know much about that. On the other hand he predicted that capitalism will periodically slump into crises and that's what happened a couple of years ago. Dismissing Marx is stupid as it is stupid idolizing him. He was an honest researcher who had some brilliant insights and some understandable blunders.

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