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Thank you for this comment. I'm sorry it got downvoted and I disagree with much of what's written, but I appreciate the thoughtfulness and general tone. I have
by eldavido 9y ago
Thank you for this comment. I'm sorry it got downvoted and I disagree with much of what's written, but I appreciate the thoughtfulness and general tone.
I have actually read and thought about the Communist Manifesto quite a lot, but not the later works you cited. I'll add them to my reading list.
The biggest problem I have with classical Marxism is that it presupposes a sort of material capital that can be accumulated. While there are certain sectors in which "assets" in the traditional sense, whether physical ones like timber, rental real estate, etc. or the softer "intellectual property" play a dominant role, this doesn't seem to be what's driving the world forward today.
I think "reputationism", or maybe "Hollywood capitalism", is a better descriptor for how Hollywood or SV work today. Witness the sky-high compensation of CEOs, athletes, actors, real estate developers, financiers, and others whose reputations give them access to opportunities most traditional "labor" can only dream of. In fact, if you read Piketty, he makes the point that capital's share of income relative to labor has actually decreased in the past decades, even as very highly compensated labor's share has skyrocketed.
The real enemy, IMO, is "empty suits" with no skin in the game (borrowing from Taleb) - people like analysts, non-founding CEOs, private equity/VC managers who commit only 5% of the capital of their funds, and others in positions of "heads I win, tails you lose". I really admire people who stick to their beliefs and bet with their own money/credibility (like this http://longbets.org/362/ http://longbets.org/362/) - I have much less respect for the guys blabbing on CNBC every day who just talk, talk, talk.