Marx may have known, but he wanted to destroy it.
Marx was right in that free trade was destructive and would lead to socialism then communism.
From a Bulgarian writer:
Marxist Explanations of the Rise of Contemporary Oligarchy
“Abstract:
The ideas of Karl Marx experience a renaissance in the contemporary world of neoliberal global capitalism. The thesis of the state as a “weapon of class dominance” is especially current in the process of oligarchization of politics under the mask of liberal democracy. We try to explain the rise of the contemporary oligarchy with the methodology of Marxism (neomarxism). The content is structured around three statements: a) The oligarchs are treated as a class; b) Oligarchy is legitimized with ideology; c) Current capital accumulation has reached unprecedented concentration in the hands of the few. The conclusion draws paths for anti-oligarchic resistance.”
Doc not online, is downloadable at https://ideas.repec.org/a/nwe/natrud/y2018i5p395-411.html
Marx was a loser.
And his followers are losers.
The only people who made a living from Marxism were professors and politicians who advocated Marxism?
Do as I say not as I do.
Name a great Marxist inventor.
Name a contribution to soviety by a Marxist.
The manufacturing in Marx time was still mostly manu (manual) job.
Capitalists build facilities, set up factories, bought parts and hired workers. Then sold the products and got paid. It could look like the workers did all the job.
Marx totally discarded the the value of invention, management, organization, innovation and commerce.
The inventors, designers, managers, sales and marketing were just parasites, totally useless for generating any value. They lived by exploiting the sweat of the poor, exploited workers.
He did not missed these people, he actually argued that they are just useless exploiting parasites, skimming the real workers.
The USA now in Marxist view is actually some kind of global capitalist, exploiting poor workers in China. It must be brought down!
“If you’ve got a business — you didn’t build that. Somebody else made that happen.”
Joe McCarthy did.
Bill Gates “created jobs” and lied to Congress about the availability of degreed professionals so he could import cheap labor.
Do Steve Jobs, Bill Gates, Jeff Bezos know what they are talking about? They have become super rich in the American system, but are so stupid that they want to turn this country marxist. (They, of course, would get to keep their riches).
He developed a system of economics and morality that holds envy to be a noble virtue. But the goal of envy is to diminish the object of that envy. It’s unwholesome and destructive.
Good grief - hypocrisy from the beginning. I’d forgotten that.
“Steve Jobs, Bill Gates, and Elon Musk”
Apple is basically an electronic luxury goods brand. The ‘Gucci’ of cell phones and portable music devices.
Bill Gates bought Seattle Microcomputer Product’s DOS operating system.
“Founded in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors, the company’s name is a tribute to inventor and electrical engineer Nikola Tesla. Elon Musk, who contributed most of the funding in the early days, has served as CEO since 2008.”
https://en.wikipedia.org/wiki/Tesla,_Inc.
“In 1995, Musk, Kimbal, and Greg Kouri founded web software company Zip2 with funds from angel investors. They housed the venture at a small rented office in Palo Alto. The company developed and marketed an Internet city guide for the newspaper publishing industry, with maps, directions, and yellow pages.”
Musk says that before the company became successful, he could not afford an apartment and instead rented an office and slept on the couch and showered at the YMCA, and shared one computer with his brother. According to Musk, ‘The website was up during the day and I was coding it at night, seven days a week, all the time.’ The Musk brothers obtained contracts with The New York Times and the Chicago Tribune, and persuaded the board of directors to abandon plans for a merger with CitySearch. Musk’s attempts to become CEO, a position held by its Chairman Rich Sorkin, were thwarted by the board. Compaq acquired Zip2 for $307 million in cash in February 1999. Musk received $22 million for his 7-percent share.”
“In 1999, Musk co-founded X.com, an online financial services and e-mail payment company. The startup was one of the first online banks to be federally insured, and, within its initial months, over 200,000 customers joined the service. The company’s investors saw Musk as inexperienced and had him replaced with Intuit CEO Bill Harris by the end of the year. The following year, X.com merged with online bank Confinity to prevent unnecessary competition. Founded by Max Levchin and Peter Thiel, Confinity had its own money-transfer service, PayPal, which was more popular than X.com’s service.”
“Under Thiel, the company focused on the PayPal service and was renamed PayPal in 2001. In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—the largest shareholder with 11.7%—received over $100 million.”
https://en.wikipedia.org/wiki/Elon_Musk
What we have is more like fascism than communism.
With fascism the corporations and fat cats partner with a political leader or political party to use government as a tool.
“In 1979 Software Arts introduced the first computer spreadsheet, Visicalc for the Apple II. This ‘killer application’ was extremely popular and fostered extensive sales of the Apple II.”
https://americanhistory.si.edu/collections/search/object/nmah_334638
Marx hated the profit motive because he believed that it causes alienation by preventing autonomy
The creation of wealth is so simple, it’s astonishing that few know what it is, or taught it. Wealth is one of the few things on this earth not created by God. It is created by man, because it’s solely enumerated by the value mankind places on it.
Wealth is created only when the product of labor exceeds the cost of making it. One might argue that land and water are created by God. However, it’s mankind’s responsibility to designate it’s value. It’s why an acre of land in the Sahara Desert is worth far less than one acre of land in Manhattan. Similarly, one ounce of gold buried beneath the earth’s surface is worth nothing until someone puts forth the labor to find it.
Reagan: How do you tell a communist? It’s someone who reads Marx and Lenin. And how do you tell an anti-Communist? It’s someone who understands Marx and Lenin.
Marx gives losers an excuse for violently taking power over the vast majority of people who disagree.
Marx got some things right. Economics really does have a lot to do with politics, attitudes, values, wars, etc. The big failure of Marx is his Labor Theory of Value, upon which his economic and historical theories ultimately rests.
No Karl, it does not create Value when “workers” spend time and effort doing something that no one needs or wants.