08-19-2018, 11:57 PM
(08-19-2018, 10:26 PM)Galen Wrote:(08-19-2018, 09:08 PM)Eric the (Green)_ Wrote: Essentially, Marx was wrong in his predictions for the developed capitalist world, because the revisionists were right and the revolutionists were wrong. Revolution was applied to the developed world, with mixed and generally tragic results. Revisionism was applied to the developed world, and despite the temporary resistance of the nationalist-type "socialists" (largely misnamed), succeeded in creating a working mixed economy.
Marx was wrong about pretty much everything.
He is worth starting a discussion. If he was wrong he was wrong in ways that few could predict at the time of his death.
Quote: Given the inability of Marxists, such as yourself, to understand the limits and problems surrounding central planning it doesn't surprise me that you are optimistic about the so called working mixed economy.
Who advocates central planning anymore?
Quote:All western nations have huge debt loads which spells doom for for the mixed economy.
Nobody is willing to return to the inglorious days of the early-industrial economy just to renounce debt. Debt, so long as it is collectible, is an asset for its holder. You are typically paid in some form of government debt (money, whether it is in the form of cash or in some strokes in a bank account).
Quote:Debt loads going exponential is a key sign that always tells you that the status quo is coming to an end. It is not clear what will replace it but confidence in the state will take a huge hit simply because it has been the preeminent institution for the last century or so. This has been the pattern of Western history since the Roman Empire and so it seems unlikely that this pattern will change in the near future.
Debt loads can grow with the population and with productivity, or both. Metallic currency is unlikely to outpace population growth.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.