A prominent liberal economist contends capitalism will inevitably increase inequality.
‘Karl Marx wasn’t wrong, just early. Pretty much. Sorry, capitalism. #inequalityforevah”
James Pethokoukis writes: When trying to condense a sweeping, 700-page analysis of the past, present, and possible future of capitalism into an 85-character tweet, you’re bound to miss a few things. But the above Twitter-fication of economist Thomas Piketty’s much-awaited Capital in the Twenty-First Century captures the gist of the author’s argument.
“Piketty, a left-wing Frenchman who teaches at the Paris School of Economics, is hardly the only economist arguing inequality is headed inexorably higher…”
Piketty thinks the German progenitor of Communism basically got it right. It’s only that his essential insight — private capital accumulation inevitably leads to the concentration of wealth into ever-fewer hands — took a hiatus during the middle part of the last century thanks to depression and war hurting the fortunes of the well-to-do. But now Marxism’s fundamental truth is reasserting itself with a vengeance, a reality borne out in both Piketty’s own meticulously gathered data and in business pages replete with stories of skyrocketing wealth for the 0.001 percent and decades of flat wages for everyone else.
“John Maynard Keynes and Friedrich Hayek famously squared off in the 1930s, Left versus Right. But when Keynes published his revolutionary General Theory in 1936, Hayek went silent….Who will make the intellectual case for economic freedom today?”
And it’s only going to get worse, Piketty concludes. Sure, the productive and innovative capacity of market capitalism will generate enough income growth for the masses to prevent revolution. He concedes Marx got that bit of apocalypticism wrong. But an “endless inegalitarian spiral” will create such wealth bifurcation that “the meritocratic values on which democratic societies are based” will be undermined. The political process will be hopelessly captured by a tiny elite of rent seekers and trust-fund kids. America (and then the other advanced economies) will become what Occupy Wall Street types and Elizabeth Warren think it already is.
“Cognitive dissonance or not, Das Kapital has so thoroughly permeated our understanding of capitalism that we’re seldom even aware that we are citing it. It’s become a kind of cultural white noise – always present, but rarely acknowledged.”
Considering that The Onion is post-college humor, it’s not surprising in the least, as universities inoculate students with Marxist dogma. It’s as natural to typical college students as term papers, speech codes, censorship, conformist ‘protests’ (of approved targets) spring break customs, cheating on tests, screwing, drinking beer, and nearly worthless degrees that lead to low-paying jobs and moving back in with their parents. The New Republic‘s admiring, fawning, pro-communist praise of the Onion is, for better or worse, fairly accurate.
William Bigelow writes:
Noting pieces such as “Man Briefly Forgets Hotel Staff Are Not Human” as a reminder of “capitalist commodification not just of goods, but of humans’ subjective agency in the form of labor,” “Laid Off Man Finally Achieves Perfect Work-Life Balance” as espousing “the contention that capitalism alienates the proletariat from their species-consciousness by making them participants without control in the economic relations of their culture,” “Majority of Office’s Supplies Used to Apply for Different Job” as a “clear indictment of false consciousness, arising inexorably from bourgeois dogma as it perverts our very understanding of fulfillment, family, and success…”
Communism is dead; long live Marx! The Soviet Union is gone. Das Kapital is little more than a punch line in academic economics. Dialectical materialism is barely even a thing. Yet Marxism continues to be essential for understanding modern political struggles, because Marxism continues to inform the thought-habits and inclinations of the modern Left.
Let me explain what I mean by thought-habits and inclinations. Do you think a person should be able to follow whatever faith he likes? You probably do. In fact, you probably answered, “Of course!” without even thinking about it. And you most likely answered this way, not because you are a student of John Locke, but because it’s just a habit of mind you’ve imbibed from our generally liberal culture. The farther left you go on the political spectrum, the more and more you find similar habits and instincts that are informed by Marxism. Of course, since we all live together and influence each other in this country, there’s no strict dividing line between American liberals and American Marxists. While Bryan Caplan is clearly a liberal and Cornel West is clearly a Marxist, most people are muddling around with a potpourri of ideas inherited from both sources.
It’s true enough that Marx and his intellectual heirs appropriated a liberal idea, equality (a word that is often used in mutually exclusive ways), but they rejected every single other intellectual and cultural principle of liberalism. For that reason, a Marxist’s egalitarianism is no more “liberal” than a Muslim’s monotheism makes him “Christian.” Marxism’s rejection of liberalism is so thorough that there is a dark, alternative-universe antecedent to each of the founding principles I outlined in my previous article.
- The class. The fundamental unit of Marxian loyalty is not the state! The chief object of a person’s loyalty, love, and allegiance is his or her class. A person with a conscience fully formed by Marxism feels the deep revulsion at the sight of class betrayers. When leftists openly fantasize about defecating in Sarah Palin’s mouth or publish racist cartoons about Condi Rice, they’re not merely engaging in double standards. They are naming and shaming class betrayers. When someone indoctrinated with Marxism sees a woman affirm the high value of her marriage, her husband, and motherhood and repudiate socialist government, he has the same visceral reaction that you or I do when we learn of a woman who murdered her two-year-old so she could have more time to get high, or a man who beats his wife and impregnates his masseuse. The class occupies the same emotional and moral space for the Marxist as the family does for a person civilized in liberalism. Indeed, Marx himself wrote that marriage is oppressive and to be done away with under communism.
- Equalism. The reverse of capitalism is not simply socialism. It is equalism. For example, fascism was a kind of socialism, but it was not equalist at all. Equalism teaches that neither the entrepreneur, the investor, nor the engineer are in any sense better than the line worker, the barista, or the unemployed beach bum, and therefore do not deserve more social respect, more income, or a better livelihood. Equalism is more dogma than theory, as it is easily disproved by even a cursory familiarity with biology or economics. But because of this, obtaining equalist result requires ever-increasing applications of violence, as there is simply no way for Lebron James and yours truly to end up with the same income, the same number of championship rings, the same public accolades, and the same number of interested women without a gun pointed at someone’s head. The killing fields were not an accident of Communism; they were the point.
- Revolutionary justice. Marxists tend to completely reject the rule of law, as it does not produce equal outcomes or serve the interests of “oppressed” classes. Marxists conceive of justice not as the consistent application of comprehensible, moral laws, but as the promotion of oppressed classes and the toppling of the oppressor classes. Whether or not someone is guilty or innocent of a crime is not just irrelevant, it is that Marxists deny the concepts of guilt, innocence, and law. In The Gulag Archipelago, Solzhenitsyn related numerous chilling stories of innocent men who were told by the court, “Your guilt or innocence is irrelevant. What matters is whether your conviction will advance the revolution Read the rest of this entry »
The Left is Trying to Rehabilitate Karl Marx. Let’s Remind Them of The Millions Who Died in His NamePosted: November 3, 2013
Where it all ends – the Killing Fields of Cambodia
Tim Stanley writes: I can’t quite believe that I’ve just sat through ten minutes of BBC television in which British journalists Owen Jones and Zoe Williams have defended Karl Marx as the prophet of the End of Capitalism. Unbelievable because I had thought Marxism was over with the fall of the Berlin Wall – when we discovered that socialism was one part bloodshed, one part farce. But unbelievable also because you’d have to be a pretty lacking in moral sensitivity to defend a thinker whose work sent millions of people to an early grave.
I don’t want to have to rehearse the numbers but, apparently, they’re not being taught in schools anymore – so here goes. Sixty-five million were murdered in China – starved, hounded to suicide, shot as class traitors. Twenty million in the USSR, 2 million in North Korea, 1.7 million in Africa. The nightmare of Cambodia (2 million dead) is especially vivid. “Reactionaries” were sorted out from the base population on the grounds of being supporters of the old regime, having gone to school or just for wearing glasses. They were taken to the side of paddy fields and hacked to death by teenagers.