Tuesday, June 16, 2009

Is Marx Back?

The means of production are being seized

The financial collapse has been manna for Marxists...

In Germany (where they’re thinking of nationalizing banks), sales of Das Kapital, Karl Marx’s masterwork, increased tenfold last year.

Even mainstream economists are now making radical, Marx-like noises. Willem Buiter, an economist at the London School of Economics, last week proposed socializing and nationalizing the entire banking system, given that it can’t keep itself afloat as a private enterprise.

h/t to The Commentator


  1. It's funny to me that this is viewed negatively...

    It's even funnier that Obama is accused of being a Socialist by some, while socialists see his actions as nothing more than capitalism as usual, with welfare going only to corporations.

  2. I would describe Obama as a capitalist, not a socialist since socialism is worker ownership of the means of production and capitalism is absentee-ownership of the means of production.


If the post you are commenting on is more than 30 days old, your comment will have to await approval before being published. Rest assured, however, that as long as it is not spam, it will be published in due time.

Related Posts with Thumbnails