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harumph

(3,606 posts)
80. Marx correctly diagnosed a problem - even though the proposed cure was no good.
Mon Jul 6, 2026, 01:40 PM
Monday

Even some middle of the road economists will concede that he correctly identified many of the vexing conditions associated with inequality. They do this while still being capitalist. Hence, it is widely understood in academia that Marx still has things to say.

Wikipedia on "Marxian" economics:

"Considered a heterodox school, the Marxian school has been criticized by claims relating to inconsistency, failed predictions, and scrutiny of nominally communist countries' economic planning in the 20th century. According to economists such as George Stigler and Robert Solow, Marxist economics are not relevant to modern economics, having "virtually no impact"[5] and only "represent[ing] a small minority of modern economists".[6] However, some ideas of the Marxian school have contributed to mainstream understanding of the global economy. Certain concepts developed in Marxian economics, especially those related to capital accumulation and the business cycle, have been fitted for use in capitalist systems; one such example is Joseph Schumpeter's notion of creative destruction." (emphasis mine)

Now of course, you're right inasmuch as even the mere mention of Marx will get you tarred and feathered by the right wing.

That doesn't mean intelligent people should restrict their reading and information gathering to only resources deemed "acceptable" by the pearl clutching right.

Recommendations

0 members have recommended this reply (displayed in chronological order):

the proud boys will not be at our doors to discuss graduate school philosophy rampartd Monday #1
lol - grad school philosophy? TBF Monday #23
The response was about likelihood of an academic discussion with Proud Boys and MAGAts Roy Rolling Monday #94
The point was the content, not the reading level. nt TBF Monday #95
But only in groups! enigmania Monday #103
When talking to the immature, one must speak at their level. liberal N proud Monday #104
I thought dems were socialist? Now we are communists? Do they know ,? Srkdqltr Monday #2
i got called a communist pinko pig in high school by my rop instructor. i wear thatt badge proudly!!!!!! AllaN01Bear Monday #40
There isn't a Republican alive who knows the damn difference anymore, if they ever did. They've been pushing this shit Karasu Monday #96
Yes i know. Srkdqltr Monday #99
I have heard MAGAts use them together describing Democrats liberal N proud Monday #105
Exactly! LakeVermilion Monday #3
"I'm becoming a believer in a flat income tax rate for everyone with no deductions." MichMan Monday #12
You'd be surprised what the "investor class" - TBF Monday #24
I'm in. Joinfortmill Monday #34
The rich typically have little "income" as it is defined in the tax code. harumph Monday #15
This is exactly why we need and must implement a wealth tax in place of the income tax... Moostache Monday #35
I could not have elaborated on this better. harumph Monday #41
How would total wealth be calculated? MichMan Monday #65
First off you'd need to define "wealth" - TBF Monday #75
So, we don't want people to associate Democrat with Communist, but reference the writings of Karl Marx ? MichMan Monday #76
Lol - I have never disparaged Marx - that's all you TBF Monday #77
Marx correctly diagnosed a problem - even though the proposed cure was no good. harumph Monday #80
I'd be happy with simply going after financial assets. KPN Monday #97
Excellent summary of where we're at. nt TBF Monday #73
hence "the rich need to pay their fair share in taxes" Skittles Monday #86
A flat tax harms the poorest of us the most Bettie Monday #56
100%. nt TBF Monday #85
I don't think it's anything to get worked up about Kaleva Monday #4
Even fewer know what an oligarch is. MichMan Monday #53
With probably little effect Kaleva Monday #71
If you are explaining why you aren't a communist, you are losing. gab13by13 Monday #5
So let Fox the GOP give you a label and do nothing so it sticks with idiot voters Chasstev365 Monday #9
I'm a Democrat, I support Democrats gab13by13 Monday #79
Calling them idiots and ignoring them hasn't exactly been working for the past 30 years either. meadowlander Monday #93
Personally, I would just LMAO..... lastlib Monday #6
Simple explanation: There are some things we can agree to share the cost of - Ocelot II Monday #7
We currently have all of that under the current status quo MichMan Monday #52
Yes, but the whole point is to avoid calling any of it socialism, Ocelot II Monday #91
I'm not a pedophile! (Logic and discussion are cbabe Monday #8
Easier: "Define communist/communism". No? Bye." niyad Monday #10
Exactly. He who's explaining and defining... is losing. QueerDuck Monday #67
Actually, that was not what I meant at all. When someone uses those niyad Monday #100
Yes. My point was to agree with you... that Democrats (or liberals, or progressives) should... QueerDuck Monday #102
Not afraid of Randall (republicans) anymore Blue Full Moon Monday #11
I say they've only won 3 primaries out of the whole country creeksneakers2 Monday #13
But they are using a handful of candidates who call themselves socialists. SamuelAdams Monday #14
They call themselves Democratic Socialists, not Socialists Wiz Imp Monday #18
lol - they'll just come up with something else to call them TBF Monday #26
The upcoming general election will pit candidates with an "R" behind their name against candidates with a "D"... Escape Monday #16
Don't say New Deal SocialDemocrat61 Monday #17
I always say I like the Nordic model. That usually shuts them up. Joinfortmill Monday #36
Nordic? SocialDemocrat61 Monday #42
Oh, for heaven sakes. Joinfortmill Monday #54
Shouldn't we recognize SocialDemocrat61 Monday #58
I'm talking about the economic sytem... Joinfortmill Monday #64
And the term Nordic SocialDemocrat61 Monday #68
I didn't create the name. It can be used to develop a basis Joinfortmill Monday #69
So why shouldn't we come up with a better SocialDemocrat61 Monday #72
Editorial or a cite? Torchlight Monday #59
Both and neither SocialDemocrat61 Monday #60
Editorial. Torchlight Monday #61
Yes, SocialDemocrat61 Monday #62
Or anyone else under 100 years old. BannonsLiver Monday #82
More importantly, a majority of Americans don't know what the New Deal is. progressoid Yesterday #106
Very true SocialDemocrat61 15 hrs ago #109
It really should not be hard to show people why they should be way more afraid of billionaires and... Ol Janx Spirit Monday #19
Sounds good in theory BUT, Dave Id Monday #20
Agree. When someone refuses to accept basic facts and reality, there spooky3 Monday #31
How about this angle MoseShrute Monday #21
Given current beef, coffee and gas prices Torchlight Monday #22
I don't believe in capitalism Farmer-Rick Monday #25
Exactly capitalism needs poor people in order for that system to exist Alpeduez21 Monday #29
Gee, there are some capitalist countries out there with robust safety nets... harumph Monday #90
Exactly right. Those countries have the "safety nets" but very few folks are falling into them. FadedMullet Monday #101
Here's the problem with capitalism Farmer-Rick 15 hrs ago #110
Yet, there appear to be many countries that somehow successfully regulate their particular capitalist system harumph 12 hrs ago #111
Maybe the Dems in charge could get on board with the reality that socialist Dems are what the voters want Alpeduez21 Monday #27
Communism for billionaires keeps the oligarchs afloat bucolic_frolic Monday #28
"In Communism, the government owns businesses (the means of spooky3 Monday #30
A 5th Grader could look up and understand the definition of "communist" William Seger Monday #32
I like it. Short and simple. Even these bums can get it. Joinfortmill Monday #33
Actually just let him ramble Blue Full Moon Monday #37
Stop telling people you are a socialist Boo1 Monday #38
Way Simpler ProfessorGAC Monday #39
Nope. Being affirmative with an unassailable label... reACTIONary Monday #46
Nope - What I Said Is Not A Denial ProfessorGAC Monday #63
What about both? The accusations about communists are stupid lies..... reACTIONary Monday #74
That's Pretty Good ProfessorGAC Monday #78
How defensive. That's a losing approach. David__77 Monday #43
As opposed to what? What would your approach be? reACTIONary Monday #47
Go on the attack on something else. David__77 Monday #83
So, do a "pivot" to avoid .... reACTIONary Monday #87
Yes he wants to play word games instead of talking about material issues David__77 Monday #88
Excellent! Avoid the socialist smear.... reACTIONary Monday #44
No Cirsium Monday #45
Found this on Facebook catbyte Monday #48
Time to call Trump/GOP Nazis DemocracyForever Monday #49
Great advice, totally logical and reasonable. But MAGAts will never accept the Democrats aren't communists because Martin68 Monday #50
Hand them a dictionary? krawhitham Monday #51
We also need to attack: Here are three reasons why we say the Republican Party has been taken over by fascists... Doodley Monday #55
Dem counties produce 70% of US economy. GOP counties contribute just 29%. blm Monday #57
Keep it simple Blumancru Monday #66
You're going to be a "communist" to them no matter what you say ck4829 Monday #70
This. Been that way for like 80 years. Why are people acting like this is news? This is the oldest trick in the book. Karasu Monday #98
Jesus H Christ BannonsLiver Monday #81
also add... mdbl Monday #84
Basically a Democratic Capitalist. hadEnuf Monday #89
Stay clear of Party for Socialism and Liberation. They are the communist party and trying infiltrate the LeftInTX Monday #92
I like it. Timeflyer 17 hrs ago #107
"Tell me exactly what is so radical about that?" OldBaldy1701E 16 hrs ago #108
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