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Accountability folly general freedom ideological culture moral hazard responsibility U.S. Constitution

China Marks Marx Anniversary

The Chinese government has sought to honor the birth of Karl Marx (1818 – 1883) by giving a giant bronze statue of the social philosopher and pseudo-​economist to the German city of Trier, his birthplace. 

Agreeing that Trier and Marx should be thus honored, local officials shamefully accepted the donation.

Marx was a bad guy. His willfully destructive anti-​capitalist theorizing and polemics have been enlisted to enslave and murder many millions of people in the Soviet Union, China, Cambodia, Cuba and elsewhere. The story is told in works like Modern Times and The Black Book of Communism. One effective critique of Marxian ideas may be found in the second volume of Murray Rothbard’s History of Economic Thought.

We often hear that Communist implementation of Marxian theory poorly translates “real” communism/​socialism/​collectivism. No government unswervingly enacts all the ideas and prescriptions of a single intellectual founding father. But there is much in Marx’s volumes that openly demands the razing of the division of labor, profit-​seeking, and other requirements of civilization.

In one article, Marx scribbled that “there is only one way in which the murderous death agonies of the old society and the bloody birth throes of the new society can be shortened, simplified and concentrated, and that way is revolutionary terror.” There’s plenty more where this came from.

When a major nation-​state gives a town a statue, it’s hard to say no. But one needn’t accept it at face value. Install it on a base that lists the separate bouts of Marx-​inspired mass murder. Or use it as a target in paintball tournaments.

Or just place it in the local cemetery. Where deadly ideologies should go. 

This is Common Sense. I’m Paul Jacob.

 

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Categories
free trade & free markets general freedom too much government

Prophet of Loss

What if Karl Marx was …  half right?

Marx’s theory of history elaborated that, with each bust of the boom-​and-​bust cycle, the rich would nab ever more property — capital — until impoverished workers united to take all that capital for “themselves” (as a collective) and run it for the common good.

That’s dialectical materialism. It didn’t predict what happened even in Communist countries. But something vaguely Marxian is going on now.

Today, when there’s a bust, government bails out the failed rich guys — even buying companies.

Further, governments keep hiring more people to “stimulate” the economy. Government workers increase as a percentage of the workforce, with higher-​than-​average wages and benefits.

This used to be called “creeping socialism.” Politicians move us closer to total government — measure by measure, tax by tax, law by law. No revolution necessary.

Except … well, as politicians put more of our eggs into the collectivist basket, each down-​swoop of the business cycle makes the whole system less stable — and (with increasing taxes and debt) more burdensome to sustain.

It could all lead to revolt — a taxpayer revolt.

Taxpayers, who’ve had to put up with a lot of nonsense over the years, aren’t even a tad bit interested in the foolishness of communism — or a corporate, fascist super-state.

That’s where Marx and his followers had it all wrong. Only the build-​up of instability seems Marxian. Americans’ response is to seek limits on government.

This is Common Sense. I’m Paul Jacob.