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Comment by Herring

2 months ago

Marx died in 1883. Things have moved on a little since then.

Some parts of the economy are great under state control: monetary policy, military, infrastructure, healthcare, education, safety nets, etc.

Some parts prefer a mix of public and private investment: utilities, rail, airports, R&D.

Others work best with very little direct state control (other than regulations): most retail, consumer goods, IT, etc.