02-20-2021, 11:17 PM
(02-20-2021, 11:14 PM)beechnut79 Wrote:(02-20-2021, 09:52 AM)David Horn Wrote:(02-20-2021, 04:21 AM)Bob Butler 54 Wrote:(02-20-2021, 02:07 AM)pbrower2a Wrote:(02-20-2021, 12:48 AM)Einzige Wrote: What century plus old system?
The Bolshevik Revolution took place nearly 105 years ago. Stalin's worst horrors happened about 90 years ago.
The Communist Manifesto was written in 1848.
It's noteworthy that economic dogmas have a short shelf life. What we call "the economy" has changed so much in the last 200 years that its hard to see much of the past being relevant today. Keynes was uniquely foresighted by being uniquely open about the economic model. He focused on the human factors. Marx, on the other hand, was totally immersed in his model, which is so out of date today it's hard to take it seriously anymore.
But Keynes wasn’t right on everything either. Nearly a century ago he predicted that by this time most of us would be working 20 hours per week or less. Later futurists made similar predictions. And yet it seems that so many of us perhaps the majority are working more instead of less and have had to forgo gatherings with friends along with hobbies. One of the big lies of our times IMO. Wonder if we’ll ever see this more leisured society ever happen.
That's what Marx talked about, lmao. Capitalism literally cannot reduce hours worked beyond a certain point because profit hinges on socially necessary labor time.