Thursday 26 March 2009

was marx right about anything?

i think his analysis of the transition from feudalism to capitalism was inspired, if a bit simplified, and his description of the mechanics of the capitalist economy was detailed, clear and logical..... in fact reading "Das Kapital" provides a useful business tool.

beyond those two points i have not found anything else to be true in his works. in other words he was very good on capitalist economics, quite good on recent (to him) economic history, and poor in all other subjects, particularly politics and future economics.

lastly tonight just one little point more, he deviated from his particular logic of revolution that he derived from his historical analysis of the development of capitalism from feudalism when he pushed his reasoning into the realms of speculation as he, mostly wrongly, predicted a future "workers" revolution. in short in the first capitalist revolution, it was a previously marginal group, the burgers, or townsmen, that grew their class and changed the economy and politics, but in his second speculative revolution he somehow ignores that and expects what he previously explained the impossibility of to happen, that is for the actual exploited class to take over. that would be the equivalent of a peasant ruled society in the middle ages!!! he forgot his own logic.

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