General Discussion
In reply to the discussion: To End Racism and Police Brutality, End Capitalism! [View all]nadinbrzezinski
(154,021 posts)Last edited Mon Jul 27, 2015, 01:19 PM - Edit history (4)
but Picketti did not call for Marx. He said his critique was correct. Yes, I read it.
By the way, the critique offered by Picketti and others could have been said of the man who started the cycle of classic economics. You would understand this if you bothered reading Smith. Quick, what was the view of Adam Smith when it came to monopolies? (Break them up) How about business people getting together? (Like monopolies he would favor anti trust laws. He understood they got together to scheme, ergo it should be regulated or not permitted) In your wisdom you surely know what he said about wages right? (He was in favor of living wages and ranted against the maximum wage laws that existed at the time. The ghost of smith stands by all folks who fight for a living wage). You can take these and see how both Ricardo and later Marx developed these major points.
All of classical economics is a big critique of what we have right now, that includes Marx. Mostly, we are living through something all of them would recognize, and not precisely as a good thing. You want headlines from reporters who don't get it, you will not get them by telling them Smith was right. Ricardo? You shit me. So you go for for the other bookend.
By the way, so we are clear. If I am to call this process part of the dialectic, the synthesis will not magically be Marxism. Hell, if you could call it the antithesis it has been a very poor one using Dialectical thought. And Marx did not come up with it by the way. That was oh Hegel.
Edited to add Smith's major wickets. After all, no self respecting doctrinaire Marxist has read Smith. Oh and bonus point, if you told Smith he is the father of Capitalism, he would have a puzzled look and he did not consider the Wealth his major accomplishment...nor was the hand an endorsement. The three pages of caveats that follow that single sentence would make that clear to doctrinaire free market types.
Most doctrinaire types really are on horses, and will not get off them. And yes, we are at the end of capitalism. Mark my words, Marxism, oh glorious Marxism is not next.