Mark’s had a lot of emotional ideas with almost no mathematical theories that could be proven or consistently relied upon. It’s all “this feels like it should be right” and no calculations. He got a lot right about how people feel, but a lot wrong about how policy will accurately affect economies.
Good bait, but writing Mark’s was a step too far. You flew too close to the sun, mate.
I see I failed here. Damn that autocorrect. But I will take the consequences of my failure. My shame is bitter. (Yes I’m talking out of my ass here, but not in my criticism of Marx) Give me a mathematical equation or economic law proposed by Marx. Not a stump speech, but something that uses math that can be proven or disproven.
For example, ROI on government investment (which includes tax cuts) can be calculated quite accurately. Anything under a 1.0 is a loss. The projected ROI can be checked with the final ROI and economists propose theories as to why it was incorrect using new mathematical models that then have to be proven or disproven. I don’t remember seeing anything like that in Marx’s work. His was all stump speech that evokes strong feelings of camaraderie and unification. But I am always open to learning. Provide me the math he proposed and its results (the accuracy of those predictions). Not just ideas.
Oh man people, stop falling for the bait! This is basic stuff! Like come on, this guy is talking like ROI is some hard concept, clearly nothing you say will not go over his head.
Not everything you disagree with is click bait. This is Lemmy for hells sake. It’s not like I’m hiring myself out for a dozen clicks.
This is conversation. I have seen some really good responses, and some not so much.
ROI can be calculated to a fairly high accuracy in almost every instance. That is one that is definitely not a soft idea. Pick up a textbook.
I don’t need to know anything except that you didn’t answer any of the other people giving you actual stuff, just me calling you out.
Let that be a lesson to you.
I was busy man. It’s my days off. I have a lot of time to reddit/Lemmy at irregular intervals with work (layovers, waiting for work to show up). But when in home, I’m home. Plus I broke my screen and had to get that fixed today. Such a pain.
Lastly, everyone else either gave links to things to read, which is useful information but not something to debate about until after familiarizing myself with them. Which I did respond to one of those, iirc. Asking about the resulting efficacy of those theories and calculations. No response there as well.
My point is that ideology has no place in economics. Just what works and what doesn’t based on results. For example, out current tax structure means heavily on shifting taxation from the wealthy to the low earners. That has fairly consistently failed to produce anything other than market instability and poverty. Same with our lack of education funding. And crumbling infrastructure. All things that economists (who are almost exclusively capitalism leaning) have been screaming would happen since the Regan days. From my limited knowledge, Marx’s theories failed to produce the results they promised to produce. Meaning that when calculating the projected ROI (for example) it was unable to predict the outcomes reliably, while other theories were able to predict those outcomes much more consistently.
Anyway cheers.
So you didn’t read any of it and are still dead wrong becuase of it, got it. Cheers.
The fact that you are naive enough to believe that the study of economics can be divorced from ‘ideology’ is why nobody is taking anything you say seriously. You so clearly have absolutely no idea what you are talking about and yet you are so confident in your answers that it doesn’t really seem worth it to most people here to explain it in painstaking detail, since you clearly have done no actual research yourself before spewing your opinions online.
When Marx was writing, economics, or at the time as it was called, the study of political-economy, was not about specifically getting ROI’s, a.practice at which even modern ‘economics’ is shaky at with the best of times (given that they are constantly changing their weighted values). After all, that’s less about the study of human political economy, and more the study of statistical outcomes. Hilariously enough, the very fact that you can predict ROI’s to even a certain degree is something that Marx would have been alone at the time in predicting would occur in the field, with neo-classical and Austrian school economists claiming since Marx that the market has too many variables to predict accurately, which is why a completely free market is the best statistical judge of people’s wants and desires. After all, if you can predict an ROI, then you can accurately forecast demand.
I’ll explain it to you like this. You think that your whole bottom tax heavy, lack of educational infrastructure spiel doesn’t fit square within Marx’s predictions (which was predicted and cautioned against by American Marxists since even before Reagan) of the inevitable outcomes of capitalist political-economy, which means to most people here you are simply not worth the economic investment of time to explain shit to for the outcome we will receive, especially for anonymous online horseshit forum.
Marx’s problem is that despite creating an incredibly accurate picture of the political economy of capitalism, he never actually created an outline for what a socialist political economy, or even transitional socialist economy looks like, which means that even people who believe his economic-political structure of capitalism can and will get things incorrect about how to transition away from that model of ownership and production.
