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rogerashton

(3,957 posts)
4. As fasttense says, it would help
Mon Oct 5, 2015, 01:45 PM
Oct 2015

if you knew something about Marx' ideas. It is impossible to competently criticize ideas you have not understood.

1. So what is the significance of this

rapid transfer of huge amounts of capital across the world
? It is the internationalization of what Marx called "the socialization of production." And Marx did anticipate that the socialization of production would continue without limits.

2. Marx wrote extensively about "relative surplus-population," and rejected Malthus' theory on this, which was already 60 years old when he wrote. Marx' theory held that capitalism, not population growth, was the cause of relative surplus-population. Perhaps Malthus was right and Marx was wrong. If that is your opinion, show us your evidence.

3. The replacement of workers by technologically advanced machines, technological unemployment, is an idea that was present in David Ricardo's 1821 revision of his Principles of Political Economy and Taxation, which probably influenced Marx more than any other economic writing.

Now, it is true that Marx did not use 2015 catch-phrases for these very old ideas -- and the better for it.

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And, I may be off-base with this; but ... 1StrongBlackMan Oct 2015 #1
Well, one hundred fifty years is a cloudy lens to look through, rogerashton Oct 2015 #3
I think you need to re-read Marx fasttense Oct 2015 #2
As fasttense says, it would help rogerashton Oct 2015 #4
Thank you for your answers no more banksters Oct 2015 #5
Mmm. Starry Messenger Oct 2015 #6
Theories on overproduction, monopolies, crisis - TBF Oct 2015 #7
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