08-20-2018, 07:21 AM
(08-20-2018, 12:35 AM)Galen Wrote:(08-19-2018, 11:57 PM)pbrower2a Wrote:(08-19-2018, 10:26 PM)Galen Wrote:(08-19-2018, 09:08 PM)Eric the Obtuse 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.
Ludwig von Mises figured out the inevitable destruction of the Soviet Union and for the most part the means by which the Communist Party would try to prevent it in 1920.
Obviously that had nothing to do with the core rottenness of the predecessor society (Imperial Russia), the Russian Civil War that pitted two of the nastiest ideologies against each other, and pathological leadership.
Quote: The reason you do not know this is because either you are too stupid to read what he wrote or too stupid to understand what he wrote. This is a much better track record than any Marxist or socialist has ever had. In fact Mises had correctly predicted the crash of 1929 when almost everyone else failed to see the crash coming.
I needed only see an article in that Marxist rag Business Week (irony intended) that exposed the rating scandal of the packaging of ill-performing housing loans in 2005 to recognize that America was headed to a great market crash analogous to that of 1929. I did not get the timing right, but I certainly wasn't going to invest in anything other than ultra-safe securities if I had had any money to invest.
Quote:Consider for a moment how the Skyscraper Index predicts economic crashes which is a mystery to everyone but Austrian School economists who understand Austrain Business Cycle theory.
Right for the wrong reasons. Visionary investment in grandiose, pie-in-the-sky projects indicates that investment in such things as plant and equipment isn't profitable enough. Maybe that is because people are not spending on consumer goods as they would if they had good jobs and fair pay because profiteers and executives are taking the fruits of most labor.
Quote:Those who follow the Skyscraper Index believe that another economic crash is near. I think that they are right and have configured my investments accordingly. By the way I have done this many times before and it has always worked out well for me. Like it or not its hard to argue with results but no doubt you will because the Prophet generation has a nasty tendency to ignore reality which always ends badly. You and Eric the Obtuse simply can not accept that socialism does not work.
Economic crashes work out badly for right-wing politicians and their agendas.
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.