Comment by anticodon
6 years ago
Why there's no suggestions for Karl Marx? He predicted these crises and that they're unavoidable in capitalism and all only get worse with the time.
6 years ago
Why there's no suggestions for Karl Marx? He predicted these crises and that they're unavoidable in capitalism and all only get worse with the time.
because we live in the real world and deal with real humans. Karl Marx never worked a single day in his life and created an ideology for people who believe in unicorns. His work is a criticism of Adam Smith's theories, not a self-sustainable solution.
He was the first person to prove that capitalism is not a self-sustainable solution either. Everything he said about capitalism was true and remains true. E.g. the current crisis could be predicted and it will be a super-crisis, because there're no new markets in the world. No more countries left to plunder. There's no way of solving the current crisis without starting a 3rd world war.
The capitalism that we have rn is actually a form of socialism :) I don't want to be that pessimistic about 3rd world war, a horrible solution to a big problem. I think humanity has a chance to have abundance, we need to be united and don't trust governments and banks and medical institutions, I can see that a lot of people are going through a healing phase of their mental state, they giving up all of the brainwashings and taking a red pill. Question is - will everybody use his chance on time? We will see. Peace.
> His work is a criticism of Adam Smith's theories
Marx's work is a continuation of Adam Smith that the subject of inquiry was political economy (not "economics"), that value derived from labor and so on.
Modern establishment economics is a criticism of Adam Smith in that value comes from labor, that the study of the economy is political, etc.