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Marxism and Marxist theory has made prescient points about capitalism that have repeatedly been confirmed in the past ~200 years. Obviously they did not get ev
by andrepd 1y ago
Marxism and Marxist theory has made prescient points about capitalism that have repeatedly been confirmed in the past ~200 years.
Obviously they did not get everything right (far from it), as their most fervent acolytes believed. But then again, in economics, who does?
- JumpCrisscross 1y ago> Marxism and Marxist theory has made prescient points about capitalism that have repeatedly been confirmed in the past ~200 years Sort of? Marxism is like economic phlogeston. It’s experimentally predictive to many extents. But it gets some basics wrong and is superseded in its entirety by better models, particularly for information-age and increasingly-automated economies.