5 ms·

Marx got a lot of things wrong but he was spot on in his descriptions of capitalism.

vixen99 10y ago
He certainly didn't understand how wealth is created and confused a temporary situation with an abstract truth. It is not socialism that has brought millions of people across the world out of utter poverty in the last 20-30 years. "Economists with the National Bureau of Economic Research released a working paper in 2009 on global poverty concluding that the world had seen a significant decrease in extreme poverty—defined at the time as living on $1 or less per day—between 1970 and 2006. While even a significant decrease in extreme poverty still leaves much room for additional gains, the decrease in rates of extreme poverty during this period of time is stunning. " http://www.firstthings.com/web-exclusives/2013/11/whats-behind-the-stunning-decrease-in-global-poverty http://www.firstthings.com/web-exclusives/2013/11/whats-behi... http://www.cesj.org/resources/articles-index/karl-marx-the-almost-capitalist/ http://www.cesj.org/resources/articles-index/karl-marx-the-a...
vixen99 10y ago
He certainly didn't understand how wealth is created and confused a temporary situation with an abstract truth. It is not socialism that has brought millions of people across the world out of utter poverty in the last 20-30 years. "Economists with the National Bureau of Economic Research released a working paper in 2009 on global poverty concluding that the world had seen a significant decrease in extreme poverty—defined at the time as living on $1 or less per day—between 1970 and 2006. While even a significant decrease in extreme poverty still leaves much room for additional gains, the decrease in rates of extreme poverty during this period of time is stunning. " http://www.firstthings.com/web-exclusives/2013/11/whats-behind-the-stunning-decrease-in-global-poverty http://www.firstthings.com/web-exclusives/2013/11/whats-behi... http://www.cesj.org/resources/articles-index/karl-marx-the-almost-capitalist/ http://www.cesj.org/resources/articles-index/karl-marx-the-a...

He certainly didn't understand how wealth is created and confused a temporary situation with an abstract truth. It is not socialism that has brought millions of people across the world out of utter poverty in the last 20-30 years. "Economists with the National Bureau of Economic Research released a working paper in 2009 on global poverty concluding that the world had seen a significant decrease in extreme poverty—defined at the time as living on $1 or less per day—between 1970 and 2006. While even a significant decrease in extreme poverty still leaves much room for additional gains, the decrease in rates of extreme poverty during this period of time is stunning. " http://www.firstthings.com/web-exclusives/2013/11/whats-behind-the-stunning-decrease-in-global-poverty http://www.firstthings.com/web-exclusives/2013/11/whats-behi... http://www.cesj.org/resources/articles-index/karl-marx-the-almost-capitalist/ http://www.cesj.org/resources/articles-index/karl-marx-the-a...

vixen99 10y ago