View Poll Results: Was Karl Marx Right About Capitalism?

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    38 40.43%
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Thread: Was Karl Marx Right About Capitalism?

  1. #71
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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by Geoist View Post
    Ok, there is no "yes and no" option.
    Yes, I misunderstood what you said. Again, sorry.

  2. #72
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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by MildSteel View Post
    Yes, I misunderstood what you said. Again, sorry.
    All good
    "Men did not make the earth ... it is the value of the improvement only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds." -- Thomas Paine, Agrarian Justice
    http://www.wealthandwant.com/

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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by Gipper View Post
    Yeah, capitalism sucks for people who want to live in 1820s Alabama.
    I don't want to live in 1820 Alabama! We's be's slabes 'den!

  4. #74
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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by WillyPete View Post
    Marx appears to be saying that from a "greater good" POV, efficiency can become a problem, as it leads to the same work being done by fewer people, and more people out of work.

    I'd agree we need to find the right amount of (in)efficiency, because too much is just as damaging as any other form of economic failure.
    Efficiency at one task frees more labor to take on additional tasks. Seeking to keep the masses simply very busy, yet accomplishing no more, is the very definition of economic failure.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  5. #75
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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by MildSteel View Post
    I don't want to live in 1820 Alabama! We's be's slabes 'den!
    Three hots, a cot, a job...

    Blacks act oppressed today. There's another option.

  6. #76
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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by HogWash View Post
    True enough. But since Karl Marx was a communist I didn't bother to read his diatribe about capitalism. So compared to communism, capitalism is the way to go.
    Everyone thinks there is only a choice between two systems when that is far from the truth.
    "Men did not make the earth ... it is the value of the improvement only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds." -- Thomas Paine, Agrarian Justice
    http://www.wealthandwant.com/

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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by Geoist View Post
    He was right in some of his analysis and predictions: mechanization of work, the squeeze on wages until they could no longer afford the items they create, obsession over arbitrary objects (*cough* IPhone *cough*), globalization, monopoly (or close to monopoly like with Wal-Mart), etc.

    But, of course, he was wrong on other things, such as his prediction that industrialized nations would witness revolution of the proletariat first. I also believe he focused too much on the shopowners and not enough on the landowners.
    That's pretty much my take as well. The only difference that I have is that I think his problem was that his solution was to, in essence, get rid of the capitalist class. I think that's where the problem lies. I don't think that is possible. I said to someone else, that such an endeavor was like trying to stop women from trying to look pretty. It's just to fundamental to some people nature to expect natures to act in that way. And in my opinion, at the end of the day, that is what caused the failure of the attempts of people like Lenin. I think the solution lies in having a capitalist class that operates within certain constraints and that has been trained that it's ok to profit from business as long as it is done in a just, fair way, that is not destructive to the environment, that does not conflict with what is good for society as a whole, and that sees to the valid needs of workers.

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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by Gipper View Post
    Three hots, a cot, a job...

    Blacks act oppressed today. There's another option.
    I'll take the forty acres and a mule option, IF it's forty acres of my choosing.

  9. #79
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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by MildSteel View Post
    Here's an interesting article by George Magnus, former Chief Economist at UBS, the biggest bank in Switzerland
    The process he describes is visible throughout the developed world, particularly in the U.S. Companies’ efforts to cut costs and avoid hiring have boosted U.S. corporate profits as a share of total economic output to the highest level in more than six decades, while the unemployment rate stands at 9.1 percent and real wages are stagnant.
    Whoever had the brilliant idea to move our production output from the U.S. to the rest of the world, ie. Mexico, Korea, China, Bangladesh, most countries in the Middle East (oil) is responsible for the U.S. economy and OUR JOBS disappearing. And that was NO Ones fault but those responsible for the NWO. That was total B.S.

    Or maybe we should have done what CHINA did under communism...regulate family size. And execute any violators...particularly the female gender. That would have certainly helped TODAY'S economy by reducing the number of "poor".

    Yeah, I guess Marx was right.
    Liberalism—dividing up the EARNED wealth of honest, hard working and ingenious AMERICANS and giving it to the leeches who would rather waste their worthless lives living off the government teat.
    -----HogWash-----

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    Re: Was Karl Marx Right About Capitalism?

    Quote Originally Posted by MildSteel View Post
    I'll take the forty acres and a mule option, IF it's forty acres of my choosing.
    I might compromise and give you the mule.

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