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Thread: A Marxist View of Capitalism

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    A Marxist View of Capitalism

    Don't have to go far to find this Marxist nonsense, right here on this forum:

    Quote Originally Posted by Dr. Who View Post
    The nature of capitalism will continue to aggregate the bulk of all capital into the hands of the very few and wages will continue to stagnate. The shrinking middle class will disappear. The same economic factors that led to the French and Russian revolutions will eventually bring down capitalism. I don't know what will replace it.
    Quote Originally Posted by Dr. Who View Post
    Capitalism could not exist without government. Ironically, when capitalism was invented, it was supposed to herald in an era of liberty, equality, fraternity and democracy. Instead it replaced monarchies with oligarchies. The more things change, the more they stay the same.
    That's the same historicism socialists propounded at the onset of the Great Depression, the same historicism that led to the horrors of both Nazism and Communism and World War II. Too bad those failed and capitalism continued on.


    What I wonder is can that be defended in this day and age?
    Edmund Burke: "In vain you tell me that Artificial Government is good, but that I fall out only with the Abuse. The Thing! the Thing itself is the Abuse!"

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    Have a smoothie.

    I recommend some vodka but I doubt it will help much.
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    Quote Originally Posted by Chris View Post
    Don't have to go far to find this Marxist nonsense, right here on this forum:





    That's the same historicism socialists propounded at the onset of the Great Depression, the same historicism that led to the horrors of both Nazism and Communism and World War II. Too bad those failed and capitalism continued on.


    What I wonder is can that be defended in this day and age?
    Richard D. Wolff thinks it can if one doesn't blame the economic theory on psychopathic politicians.
    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
    Mahatma Gandhi

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    Quote Originally Posted by Dr. Who View Post
    Richard D. Wolff thinks it can if one doesn't blame the economic theory on psychopathic politicians.
    Richard David Wolff is an American Marxian economist, ok. So he thinks it can, can what? And the cause is blaming economic theory on psychopathic politicians? What does that even mean?

    Were you plagiarizing Wolff when you posted the OP quotes I grabbed from you?
    Edmund Burke: "In vain you tell me that Artificial Government is good, but that I fall out only with the Abuse. The Thing! the Thing itself is the Abuse!"

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    Quote Originally Posted by Dr. Who View Post
    Richard D. Wolff thinks it can if one doesn't blame the economic theory on psychopathic politicians.
    For the love of God.. Here we go.... The "wrong" people have been implementing Socialism argument.

    I think Dr. Who needs to spend some time on the Socialism Sucks Thread

    See below this explains why Dr. Wolff is full of crap.

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    "Don't piss down my back and tell me it's raining"----Fletcher in The Outlaw Josey Wales

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    "Don't piss down my back and tell me it's raining"----Fletcher in The Outlaw Josey Wales

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    "Don't piss down my back and tell me it's raining"----Fletcher in The Outlaw Josey Wales

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    "If you can cut the people off from their history, then they can be easily persuaded." Karl Marx


    All 'isms' are just isms. Communism doesn't exist nor does socialism or capitalism, they are all ideas and ideas don't govern or rule or really do anything except provide ideas and suggestions. Nor did they ever exist. Check what autocrats called their rule sometime. Do autocracies exist? Hm? Putin's Russia, Kim's North Korea. So then it is people and government that matter, that make the society and its economics. Food for thought below.


    "Capitalism is the ownership and use of the concrete but dynamic elements in a society - what is commonly known as the means of production. A capitalist is someone who produces more capital through the production of the means he owns. This necessitates the periodic reinvestment of part of the capital earned into the repair, modernization and expansion of the means. Capitalism is therefore the ownership of an abstraction called capital, rendered concrete by its ownership of the means of production, which through actual production creates new capital.... However, capitalism as conceived today tends to revolve around something called the profit motive, even though profit is neither a cause of capitalism nor at the heart of the capitalist action. Profit is a useful result of the process, nothing more. As for the ownership of the means of production, this has been superseded by their management. And yet, to manage is to administer, which is a bureaucratic function. Alternately, there is a growing reliance upon the use of capital itself to produce new capital. But that is speculation, not production. Much of the development of the means of production is now rejected as unprofitable and, frankly, beneath the dignity of the modern manager, who would rather leave such labour and factory-intensive "dirty" work to Third World societies. Finally , the contemporary idea of capitalism grandly presents "service" as its new sophisticated manifestation. But the selling of one's own skills is not a capitalist art. And most of the jobs being created by the service industries are with the exception of the high-technology sector descendants of the pre-eighteenth-century commerce in trade and services." p360 'Voltaire's $#@!s: The Dictatorship of Reason in the West' John Ralston Saul




    "Piketty's central discovery, if we may call it that, is that contemporary capitalism is over the long run steadily transferring huge quantities of wealth from the poor to the rich, reconstituting thereby the inherited or patrimonial privilege and power characteristic of Europe in the eighteenth and nineteenth centuries. This fact may come as a surprise to professional economists, but it does not particularly startle those of us who have squandered our youth and idled away our maturity reading Karl Marx. All societies exist for the purpose of transferring wealth from those who create it -- the poor -- to those who do not -- the rich. The academic professions exist for the purpose of rationalizing this transfer, the churches exist for the purpose of blessing it, and the arts exist for the purpose of decorating the transfer so as to make it as charming as possible [even though this often comes to nothing more than putting lipstick on a pig.]" Robert Paul Wolff in http://robertpaulwolff.blogspot.com/...nty-first.html


    "Capitalism leads to dole queues, the scramble for markets, and war. Collectivism leads to concentration camps, leader-worship and war. There is no way out of this unless a planned economy can be somehow combined with freedom of the intellect, which can only happen if the concept of right and wrong can be restored." George Orwell



    "The history of industrial development in the United States, often considered the epicenter of free markets, demonstrates the political nature of markets. The history of market formation in the United States reveals an industrial structure supplied by goods and capital extracted from slave labor and facilitated through a state-sponsored, genocidal land grab. Far-reaching government legislation protected domestic markets and infant industries from external competition, and federal and state governments played a central role in the development of physical infrastructure (canals, railways, telegraphy) and the creation of huge bodies of agricultural and industrial knowledge - all essential elements in the genesis of American industrial capitalism. At the same time, society's greatest inventions and innovations of the past two hundred years-rockets to the moon, penicillin, computers, the internet - were not bestowed upon us by lone entrepreneurs and firms operating in free markets under conditions of healthy competition. They were the work of institutions: CERN and the Department of Defense created the internet, while Bell Labs - a subdivision of AT&T, freed from market competition by federally granted monopoly rights-generated transistors, radar, information theory, "quality control," and dozens of other innovations central to our epoch." Nearly every advance in science, technology, and mathematics emerged from people working together at universities supported by government funding. Creativity and innovation come from many places. Companies produce influential innovations, but so do other institutions that operate outside the confines of the profit motive, competitive markets, and the bottom line." Nicole Aschoff, p59 'The New Prophets of Capital'
    Wanna make America great, buy American owned, made in the USA. We do.

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    Quote Originally Posted by Chris View Post
    Richard David Wolff is an American Marxian economist, ok. So he thinks it can, can what? And the cause is blaming economic theory on psychopathic politicians? What does that even mean?

    Were you plagiarizing Wolff when you posted the OP quotes I grabbed from you?
    That's what happens when you associate Marxist theory with the actions of a few psychopaths. Marx was long dead before kooks like Stalin implemented their (per)versions of Marxist theory. Does anyone blame Adam Smith for the development of capitalist oligarchies or Christianity for the Salem witch trials? Hardly.

    And no, I didn't plagiarize Wolff. I have been watching his videos, if that makes you feel better and much of what he says makes a lot of sense.
    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
    Mahatma Gandhi

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