Search Results
6/27/2025, 6:17:23 PM
>>24500334
This is part of the marxist theory of capitalism. Capitalism was a good thing because it had prompted some progress and wealth with respect to feudalism, but now it is stagnant, Tendency of the rate of profit to fall, collapse of capitalism and whatnot, so we have to look forward to new production styles. Well, when Marx wrote that, he thought that capitalism was already in the verge of collapsing due to decreasing profits, and we have seen he was dead wrong, median (not average) salaries are still growing, and are especially growing in countries with economic freedom or more relative economic freedom than before.
Moreover, socialists, even Marx, think that distribution of wealth does not affect wealth production, they think of them as completely separable operations, which is not true, statal wealth distribution has disastrous effects and incentives for wealth production.
This is part of the marxist theory of capitalism. Capitalism was a good thing because it had prompted some progress and wealth with respect to feudalism, but now it is stagnant, Tendency of the rate of profit to fall, collapse of capitalism and whatnot, so we have to look forward to new production styles. Well, when Marx wrote that, he thought that capitalism was already in the verge of collapsing due to decreasing profits, and we have seen he was dead wrong, median (not average) salaries are still growing, and are especially growing in countries with economic freedom or more relative economic freedom than before.
Moreover, socialists, even Marx, think that distribution of wealth does not affect wealth production, they think of them as completely separable operations, which is not true, statal wealth distribution has disastrous effects and incentives for wealth production.
Page 1