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"So he logically concluded that workers will be reduced to the subsistence, that capital will become monopolized/concentrated, that global trade will fuse the world economy into one and that capitalism will reach dead end."

Smith believed these things?

I said that Marx "logically concluded" these things. Very different.

356 posted on 09/21/2005 8:12:08 AM PDT by A. Pole (Gov.Gumpas:"But that would be putting the clock back, have you no idea of progress, of development?")

I said that Marx "logically concluded" these things. Very different.

Marx (among other things) had in common with freemarketeers the strong and blind belief in Smith/Ricardo theories. So he logically concluded that workers will be reduced to the subsistence, that capital will become monopolized/concentrated, that global trade will fuse the world economy into one and that capitalism will reach dead end.

Was Marx's logical conclusion based on his blind belief in Ricardo and Smith? What theory of Smith leads to any of the conclusions of Marx?

361 posted on 09/21/2005 9:18:08 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)