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Well ackchyually, those are not textbooks.
Both are studied in schools, how are they not textbooks? What’s the technical distinction?
Just being pedantic on the definition of a textbook.
The books aren’t technically textbooks and buffet is claiming there are no textbooks.
I doubt his statement is true because I’m sure there are plenty of textbooks that include references to the two referenced works in the meme but the meme isn’t making that specific case, hence the sarcastic use of “ackchyually”
I guess I’m curious what distinguishes a textbook from a non-textbook. Both titles above were meant for academic settings, as well as for the average worker and organizer.
I love the meme, but, no, even Marx didn’t predict the economy we have now. He correctly identified all the players at the table, but his worst predictions were reminiscent of pre-Reagan. His worst fever dreams were the “best” the economy has been for the working class in 50 years. That’s how fucked we are.
If you went back and explained how we implemented supply-side economics, he’d look at you expectantly like “finally, their final move; then revolution, right?” If you continued with the housing crash, I’m pretty sure he’d collapse from terror. God, if you explained the modern finacialization of the economy, he’d probably kill you, if not himself.
Capitalism in Marx’s age was far worse for the average laborer than the current western labor aristocracy feels. Child workers were packed like sardines into tiny rooms and forced to work over 10 hours a day, Capital Volume I describes this vividly. However, Marx only lived to see the beginnings of imperialism, which Lenin observed, and watched the imperial core export suffering to the global south and bribe its proletariat into complacency with the spoils. That’s why Imperialism, the Current Highest Stage of Capitalism is listed in the meme alongside Capital.
Further, Lenin did not live to see the consolidation of the world’s competing imperialist power into one unified international dictatorship of the bourgeoisie, helmed by the US Empire, with subservient vassal states. This happened post-World War II, and the decay in this “super-imperialism” is what is driving present conditions forward.
Exactly. It wouldn’t occur to him, or really anyone, that the people would tolerate this for so long.
He didn’t predict it, but he did begin to analyze imperialism, which is why it has lasted longer than he thought it would, and which Lenin continued on. Capitalism in Marx’s age was far worse for the average laborer than the current western labor aristocracy feels. Child workers were packed like sardines into tiny rooms and forced to work over 10 hours a day, Capital Volume I describes this vividly. However, Marx only lived to see the beginnings of imperialism, which Lenin observed, and watched the imperial core export suffering to the global south and bribe its proletariat into complacency with the spoils. That’s why Imperialism, the Current Highest Stage of Capitalism is listed in the meme alongside Capital.
Further, Lenin did not live to see the consolidation of the world’s competing imperialist power into one unified international dictatorship of the bourgeoisie, helmed by the US Empire, with subservient vassal states. This happened post-World War II, and the decay in this “super-imperialism” is what is driving present conditions forward.
Basically every single economist who was not far far right wing/liberal, said that giving all the power to the small group of people, and removing society control over economy will fail, and it will create ultra wealth class, people without any morals, any empathy towards rest of the people. You don’t have to be a anarchist, socialist, communist, also people like Adam Smith, wrote the same thing.
From what i know, only very radical groups like Chicago Boys, promoted the model that we have right now.
It’s like with climate change. Every specialist, every one who knows the basics, is saying that you cannot pollute the world so much, and pretend that humans are not killing the ecosystem.
Yeah, Adam Smith hated rentier forms of economy, that’s how insane the current form is capitalism is.
It’s often called hyper capitalism for that reason.
I need the marx emoji
ITT: mfs who have read 0 Marx boldly making comments about what Marx’s predictions were and how they were wrong
It’s exactly one comment and one person agreeing. Grow a pair and reply directly.
I’d add in Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay.
