Marx May Have Had a Point

Hitting the mainpage for the first time, Black Sabbath writes "While communism has been declared dead and buried (with a few stubborn exceptions), Karl Marx's diagnosis of capitalism's ills seem quite bang on the money. Harvard Business Review blogger Umair Haque lists where Marx may have been right." It's a pretty good read once you get past the author's three paragraph disclaimer that he is not a communist. The MIT news also ran a short interview discussing the economic trends in August this morning.

Comments

Attribution:

[pyrr]

--John Kenneth Galbraith

Re:Nothing to surprising

[NeutronCowboy]

It expects people to be people, not ants.

No. It expects people to be able to act rationally and in their long-term best interest. That's still not how people work.

Re:Nothing to surprising

[jpmorgan]

You're trying to argue that gravity falls up. It's a nice attempt, but ultimately moot, because employee owned companies do exist.

http://en.wikipedia.org/wiki/List_of_employee-owned_companies

Perhaps you should consider that the challenges you mention are not insurmountable.

Re:Marx was indeed, partly correct

[pyrr]

Please don't invent new definitions for socialism. There is absolutely nothing in that economic structure that requires it to be a democracy. You're blending and confusing economic systems with political systems. The USSR's economic system was quite socialist, even if their government system was a totalitarian, single-party limited republic. The key hallmarks of socialism are a command economy in which the government owns the means of production.