They are, however, deeply flawed. The labor theory of value is the core Marxist economic principle, and it is incorrect. Marx also doesn’t deal with the knowled

They are, however, deeply flawed. The labor theory of value is the core Marxist economic principle, and it is incorrect. Marx also doesn’t deal with the knowledge problem, and he doesn’t adequately address the value of laborless resource. If we move on from there, his summation of the trend of history is also incorrect. Societies have not tended toward Communism but instead toward Fascism (corporate and governmental merger coupled with totalitarianism) at the level of countries, and toward a neo-feudal order globally.