Groucho 'karl' Marx

Marx’s Economic Forecasts: Over 150 Years of Failure

From atop the flawed foundation of the Labor Theory of Value, Karl Marx made a series of predictions about capitalism that time has proven incorrect. Among these are the immiseration of the masses due to capital accumulation, chronic overproduction, capitalist-driven imperialism, and the inevitable rise of monopolies. Immiseration Even during Marx’s lifetime, capitalism was already … Read more

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From Leninism to Social Democracy: A Guide to Socialist Models

Discussing socialism is difficult, not only because of the many different varieties that have been proposed, but also because its definition is highly malleable. In debates socialists often shift between different interpretations—sometimes emphasizing state control, other times focusing on worker cooperatives or social safety nets—depending on what best suits their argument at the time. Broadly, … Read more

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