kaffiene ,

Good post. One thing I will say about Marx is that his analysis of Capital is really insightful. Especially if you consider it alongside what Smith says in The Wealth of Nations regarding the problems of rent seeking behaviour. Between those two works is a solid analysis of much of what ails modern Capitalism. The biggest problem with Marx isn’t his analysis of the problem, it’s his proposed solution . I’m sympathetic to socialist ideas, but while the idea that a small group of people can seize power is plausable, the idea that they will then voluntarily disseminate it to the populace, is fanciful. Human nature doesn’t work that way.

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