Paul Krugman rediscovers Marxism--what's next? Fire? The wheel?

[socialist_n_TN]

60. Yeah and Krugman isn't the only one. In the last few years.........

since the advent of this last capitalist crisis, a lot of "mainstream" economists have rediscovered Marx. Not that they're willing to say that he's right or anything. Yet. But they are at least acknowledging that in some ways Marx was correct. Of course, if they're reality based at all, they pretty much HAVE to admit that.

The thing that most people forget about Marx's analysis it that he analyzing in the "thought experiment" mode. IOW, he thought through what capitalism was going to wind up being and the motivations behind the decisions made by the capitalists because of the very rules of the game that was set up. Now does that mean that in the micro he foresaw everything that was going to happen in the realm of economics, politics, and social relations under capitalism? Nope, but it does mean that he saw where capitalism would wind up BECAUSE IT HAD TO! The rules of capitalism won't let it go anywhere else than where we are now and the direction we are headed. And the people today who are, in general, following the dictates of Marx MOST closely ARE THE CAPITALISTS THEMSELVES. Of course, they're doing so from the opposite side that Marx was coming from (Marxism for the elites rather than the working class), but they run capitalism exactly like Marx described it.

I see no reason the working class should not take his prescriptions for remedies at least as seriously as the ruling class takes his prescriptions for accumulation.