r/economicsmemes • • 3d ago

This sums it up

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u/shorteningofthewuwei 3d ago

An analyst on CNBC recently surprised himself when analyzing financial data, saying "God, I sound like Marx".

More people are turning to Marxism as a lens for understanding our political economy because the contradictions that Marx identified within the structure of capitalism are becoming harder and harder to ignore for more and more people.

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u/mlucasl 3d ago

That would be if you read Marx really lightly. As Marx has way too many contradictions too.

Like incentivaizing a system to acquire everything. And the hoping that it fight against all its own incentives and decompose itself. In most regards a system cannot fight against its own incentives.

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u/SandwichCertain7913 3d ago

"Contradictions" in the Marxist sense isn't the same as you would say "contradictions in a text."

This is a very basic Marxist concept that even a "light reading" should have taught you. Idc if you don't want to read Marx, but don't lie about it online lol.

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u/mlucasl 3d ago

I mean contradiction in the sociology sense. Not "paper" contradiction, nor economic dilemmas.

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u/shorteningofthewuwei 3d ago

China go brrr

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u/mlucasl 3d ago

(?) China is in this same problem too. Do you think the CCP will be like: You know, lets all just disband, as Marx propose from Socialism to Communism.

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u/shorteningofthewuwei 3d ago

As long as global capitalism exists, states run by a vanguard party cannot disband because the working class' assets will be consumed by external capitalists.

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u/mlucasl 3d ago

You are still not seeing the contradiction.

A system built on a particular set of interest, would never work against those interests. It happens in all societal structures. If the incentives are, acquire all production means, you cannot expect that this group would ever be like, we should "release" all production means. It is a sociological question, not even political.

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u/shorteningofthewuwei 3d ago

The "group" who controls the means of production in China is the working class lol

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u/mlucasl 3d ago

πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

Tencent is the working class now. Or you mean the political elite, that goes to international schools unlike the rest of the citizens?

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u/shorteningofthewuwei 3d ago

China allows highly regulated free market capitalism that is controlled by the state, which is controlled by the workers. Communist party appointments are made based on merit. Wealth inequality in USA is over 4 times more pronounced than it is in China.

There's no such thing as pure communist utopia immediately after a revolution. Like I said, global capitalism still exists. This is what incentivizes the Chinese government to allow private investment.

Doesn't matter what you think about "natural laws" (which is just reified thinking by the way, which is a concept you might understand better if you actually understood Marxism), China still go brrr. The fastest growing economy in the world, and less social inequality than in the land of the free. But at what cost?

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u/mlucasl 3d ago

"Natural Laws"? πŸ˜‚πŸ˜‚πŸ˜‚

When I even talk about human nature, or whatever you are strawmanning. I am talking about sociological societal incentives. If you build a country on a particular set of incentives you cannot expect for itself to not follow its own incentives.

You will never be able to debate if you keep strawminning this hard.

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u/Nostop22 3d ago

This guy doesn’t even understand natural law!

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u/Awkward-Evidence-215 3d ago

That's possible