The Forum > Article Comments > Andrew Bolt simply does not understand Marxism > Comments
Andrew Bolt simply does not understand Marxism : Comments
By Tristan Ewins, published 24/2/2014In response to Andrew: You're entitled to your opinion as a conservative to oppose Marxism, or leftism in general. But get your facts straight.
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"Most intelligent people would concede Marx's class struggle is a false dichotomy."
is fallacious. Maybe they do not know what dichotomy means.
Marxism is not a threat to capitalism. Capitalism threatens itself. Marxism only exposes the inherent tendencies within capitalism that lead to the rich getting richer and the poor getting poorer, and then to final economic crisis.
Marxism supports social movements that seek to alleviate the injustices that mount within capitalism - particularly low wages, unemployment, cheap working conditions, and homelessness.
Marxism points to obvious and fundamental crisis tendencies within capitalism - declining factor share going to labour - ballooning debt - ecological suicide.
Marxism argues that this can be solved, and must be solved, only by;
"...a revolutionary reconstitution of society at large"
Marxism suggests that where there are appropriate democratic institutions, this process will be entirely peaceful, and this is the political practice of almost all of the various communists parties in the West - eg: Communist Party of Japan.
Marxism-Leninism also suggests that where there are appropriate democratic institutions, there is no need of a dictatorship of the proletariat [ http://tinyurl.com/No-dictatorship ].
Marxist theory is merely the continuation of political economy from Adam Smith, David Ricardo, John Stuart Mill, Malthus and others, taken to its logical conclusion, once countervailing tendencies are exhausted.
For Marxists, the key to solving the economic crisis, is to ensure that all workers receive purchasing power (wages) equal to the full value of their product. This is the only way the so-called "circular flow" can balance without increasing debt or importing low wages, as currently applies.
In essence, this results in proposals for cooperative enterprises, seeking normal profits and strict injunctions against monopoly. As any economist will tell you, normal profits are necessary to send price signals in markets and are always competed away in the long run.
Naturally today's capitalist pundits are aghast at this, and try all manner of baiting and spurious diversions, to disrupt Marxism.
Andrew Bolt is a capitalist.