http://peoplesworld.org/which-way-to-socialism#PageComment_16084
The transition to socialism will simply never happen, and the time when it might have occurred in the so-called First World is long past, and will never see the light of day again. (Of course, we'll still have misguided statist policies and crony capitalism, of the sort that caused the Crash of 2008.) Marx' analysis of historical inevitability is correct, it's just his conclusions that are wrong. This is primarily because his entire edifice is built on the woefully incorrect Labor Theory of Value. When economic subjectivism arrived, Marx had no answer, and never completed any more volumes of Kapital. In any case, it is the market order that is everywhere raising the standard of living of the masses, because it serves the masses better than any system of coercion-based central planning could. (And this goes for syndicalism, too.) People want to live better lives, and slowly they are getting it. The market order has stages, too, but in the final stage the mass of people will simply be too wealthy, pampered, and well-fed to want to have socialism. There is already a small group on the left who grasps this: the environmentalists. They are seeing the standard of living rise in many third world countries, and to them it is calamitous, because it means more of the earth's resources are being "used up unsustainably". While their analysis is wrong because it doesn't understand the role of prices in an economy, at least they are honest enough to admit that people in some areas of the world *are* getting richer. Posted by Rothbard, 05/23/2011 7:24pm (21 hours ago) _______________________________________________ Marxism-Thaxis mailing list Marxism-Thaxis@greenhouse.economics.utah.edu To change your options or unsubscribe go to: http://greenhouse.economics.utah.edu/mailman/listinfo/marxism-thaxis
