erikcason on Nostr: Marx’s great mistake was thinking that capitalism (as in free market exchange) was ...
Marx’s great mistake was thinking that capitalism (as in free market exchange) was responsible for the inherent contradictions in the system of exchange and not seeing how dirigisme (your vocabulary word of the day) was the real culprit.
The creative destruction of capitalism, as Weber pointed out, is evolutionary. With any degree of state intervention, this evolution of capitalism devolves into a form of economic eugenics designed to create an economic depend on the state for all things.
Published at
2024-09-06 21:30:22Event JSON
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"content": "Marx’s great mistake was thinking that capitalism (as in free market exchange) was responsible for the inherent contradictions in the system of exchange and not seeing how dirigisme (your vocabulary word of the day) was the real culprit.\n\nThe creative destruction of capitalism, as Weber pointed out, is evolutionary. With any degree of state intervention, this evolution of capitalism devolves into a form of economic eugenics designed to create an economic depend on the state for all things.",
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