4 ms·
As best i can tell, the soviet system dreamed up by Lenin and cooped into a personality cult by Stalin was pretty much a bastardization of what Marx was envisio
by digi_owl 10y ago
As best i can tell, the soviet system dreamed up by Lenin and cooped into a personality cult by Stalin was pretty much a bastardization of what Marx was envisioning.
Not that communism and Socialism was more than far flung ideals even for Marx. For the most part he was appalled by the working conditions of factory workers at his time.
That said, ol' Marx was not completely against capitalism. He did see that it had the capacity to rapidly industrialize a nation.
What he did point out though was inherent flaws in the system, flaws not just relevant to worker exploitation but also the whole engine of spending money to earning even more money. In that he perhaps noticed a hint of something that even present day mainstream economics has problem noticing, the feedback loops related to the flow of money and goods.
Notice that the article mentions in passing equilibria. That is a notion that is persistent within economics, even though it introduced more to make the math easier to work with back when it was done by hand and pencil.
these days all but economics have abandoned any notion of equilibrium, instead using computers to model complex systems and their feedbacks. Something that was spearheaded by meteorologists trying to improve weather prediction.
To go back to Marx, what he envisioned was more a transition from capitalist owned factories to worker owned factories. Coops essentially. Things like trading would still remain, as they provide vital means of signaling along the supply chains.
He did btw have some nasty things to say about finance capital, perhaps forewarning both the great depression and out present situation.
His great lament in that regard was that industrial capitalists were more likely to side with finance capital in any three way struggle between them and the workforce, when industrial capitalists would be better off in the long run to side with the workforce against finance.