I'm not used to thinking of things in the terms in which "M"ism (as you put it) casts them. He had some interesting ideas, but his idea of an ideal society (and

I'm not used to thinking of things in the terms in which "M"ism (as you put it) casts them. He had some interesting ideas, but his idea of an ideal society (and how to get there) doesn't correspond to reality. He was fundamentally wrong in how he views capitalist societies -- particularly his ignorance of the middle class and how access by literally anyone to equity and capital markets affects society. Power always concentrates to a few (the Pareto principle alone assures us of this, not to mention unequal distribution of 10,000 other differentiating characteristics between individuals). The question isn't whether that happens, but how and under what terms. When a middle class of educated business owners and professionals exists, and a government that ensures peaceful rule-of-law, a society looks nothing like anything "M" describes.