Monday, June 18, 2018

About Marxism

I stopped worrying about understanding Marx though I read about Marxism off and on. I take this to be essence of it:
“In a system where virtually all resources are available for a price, economic power can be translated into political power by channels too obvious for mention. In a capitalist society, economic power is very unequally distributed, and hence democratic government is inevitably something of a sham.”
The quote is from an article by Kenneth Arrow.

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