Idiocy of the Day: NY Times Opinion "Happy Birthday, Karl Marx. You Were Right!"

I generally strive to stay away from clickbait idiocy. Apologies offered, but I could not resist this one.

The lunatic of the day award goes to Jason Barker, associate professor of philosophy at Kyung Hee University in South Korea.

Forgive me for spreading such idiocy, but then again, it's quite possible the New York Times actually believes this author.

Here's an interesting clip: "Even liberal economists such as Nouriel Roubini agree that Marx’s conviction that capitalism has an inbuilt tendency to destroy itself remains as prescient as ever."

I will have to let Roubini defend himself if that's true.

Simple Questions

  • If capitalism is so bad, why has it outlasted everything else?
  • What is the success rate of Cuba? Venezuela?
  • What is the economic progress of France vs the US?
  • How did Russia do under repetitive 10-year plans until it embraced some capitalistic ideas?
  • How did China do under repetitive 5-year plans until it embraced some capitalistic ideas?

Amazing Irony

The fact of the matter is we do not have enough capitalism.

The irony in the discussion is that problems attributed to capitalism are problems that should be attributed to deviations from capitalism.

Mike "Mish" Shedlock

No. 1-25

And where the West is going can only be either a utopia of technology... that is we will invent our way out of all our problems, or failing that, an old-school dystopian fusion of tyrannical governments and anarchic wildernesses.


The social decay of the last 100 years has been a function of lost trust in people, and it's because of just about every reason a conservative would offer a complaint about.



I gave your comment some thought. My overarching point of view is that the strength of a society is measured by the trust the people have in each other. It's simple organic human trust, or faith, that stops a society turning to Law, Bureaucracy, Finance, and Corporations & Government at large, in order to solve all of its problems.


Why was Marx so influential, then? Are humans biased towards sin and negative thought? And adverse to reality? Is it just luck that we in America live in a society of capitalism? Or did Americans see reality a bit more clearly because of our spiritual beliefs? One writer above states that corporation like democracy. I see corporations all about control. Perhaps corporations like democracy because they can influence their will more readily in a democracy than in a a system that is more rigid such as communism. However, we see corporations that were typically American now embracing business in countries that are communist. Red China would be one. And, as the USA becomes a country where money is the main influence in our democracy, and the people and the need for national security seem to matter less, even to those who would be the vanguard for the USA, ( our political leaders being our supposed guardians of democracy), I would have to wonder about the path we are taking here in the USA. I definitely agree that we more capitalism in this country and we need to get the democracy straightened out.


Startrek59, how many years of famine did the Cubans endure under communist rule? Is the success in that they did not all starve?