34278 Y66 Alas, once people change the way they...

Q&@

BEHAVE, THE ECONOMIC THEORIES BECOME OBSOLETE.
WE MAY KNOW HOW THE ECONOMY FUNCTIONED IN THE PAST -
BUT WE NO LONGER UNDERSTAND HOW IT FUNCTIONS IN THE PRESENT,
NOT TO MENTION THE FUTURE! This is not a hypothetical example. In the middle
of the 19th century Karl Marx reached brilliant economic insights? Based on these
insights he predicted an increasingly violent conflict between the proletariat & the
capitalists, ending with the inevitable victory of the former and the collapse of the
capitalist system! Marx was certain that the revolution would start in countries that
spearheaded the Industrial Revolution - such as Britain, France & the USA - ànd thus
spread to the rest of the world?! Marx forgot that capitalists know how to read. At first
only a handful of disciples took Marx seriously and read his writings! But as these socialist
firebrands gained adherents and power, the capitalists became alarmed? They too perused
DAS KAPITAL, adopting many of the tools & insights of Marxist analysis! In the 20th century
everybody from street urchins to presidents embraced a Marxist approach to economics & history...
Even diehard capitalists who vehemently resisted the Marxist prognosis still made use of the Marxist
diagnosis. When the CIA analysed the situation in Vietnam or Chile in the '60s, it divided society into
classes! When Nixon or Thatcher looked at the globe, they asked themselves "whó controls" the vital
Means Of Production! From 1989 to 1991 George Bush oversaw the demise of the Evil Empire of com-
munism, only to be defeated in the 1992 elections by Bill Clinton. Clinton's winning campaign strategy
was summarised in the motto: 'It's the economy, stupid!' Marx could not have said it better? As people
adopted the Marxist diagnosis, they changed their behaviour accordingly. News journals document our
daily changes for better or worse with blessings or curse...

29 mrt 2019 - bewerkt op 03 apr 2019 - meld ongepast verhaal
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