I read somewhere, written by a more literate person - I believe an economist - that the weakest point of the Marxist theories was that Marx, as an economist, was such a bizarre failure he never understood the role of resellers.
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But you really, really, really cannot study Marx for any length of time without seeing other holes. For instance, take his entire view of power relationships in society. It is clear these are modeled on Academic Relationships, which is why - poor bunny - he got the whole thing upside down and sideways. Marx didn't understand the concept of "mutual benefit."
...Marx saw only exploitation.
Part of this was because of Marx's understanding of value, which is the pinnacle, or perhaps the foundation on which ALL his misunderstandings rest. It is also the most widely, insinuatingly pervasive of the Marxist concepts in our society.
To Marx value was raw material plus work. The means of producing that work (machinery, etc) were just sort of there. And he made no allowance for invention. (Which is why though Marxist revolutions often recruit intellectuals they're the sort of intellectuals who never had an original idea in their life.) Of course in our day and age, invention and original thought are at least as important as machinery in creating product. Also, the raw material fallacy means all the countries who have nothing else to sell feel "exploited" because we're taking their "value" away. Imbuing raw material itself with value means that it's sort of like stealing national treasure. This has given rise to an entire colonialist-exploitation-theory of history which has held more people in misery in developing countries than the most brazen robber baron could manage. And no one, NOT ONE seems to realize that their raw materials mean absolutely nothing if not used. If someone doesn't have an idea to use it. If the finished product is not good for something. In other words, if you're not producing something that someone else finds useful. (I.e. enough to pay for.) If the relationship isn't MUTUALLY beneficial.
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Good old Marx is also responsible for that most insane of ideas, the minimum wage. Dictating a minimum wage people have to be paid is the same as saying that labor has an intrinsic, minimal value. And before you scream I'm cruel or heartless, what the heck do feelings have to do with economics? Economics is the science of value. Value is what someone is willing to pay for something. NOT "but they need this to survive." THAT is an idea that work in itself has a value.
If that were true, we could hire an army of unemployed workers to polish dog turds for the international market. We'd be rich, rich I tell you.
The New Testament Documents
15 years ago