BridgeConsoleMasher wrote: ↑Fri Aug 07, 2020 10:33 pmRight. I'm not sure I've ever seen labor economics applied to non industrial systems. What I don't understand though is how that turns into a problem when applying it to the world we live in. Having a strong regard for regulatory frameworks involving employees and their prospects is very important as far as I can tell. Maybe leaving something for desire in terms of critical race theory, but not really deridable.
Eh, I'd say they're fraying at the seams to a level that's hard to really hold to. Marx was looking at skilled labor and trade unions. He never looked at a service economy, venture capitalism, corporate conglomerates, the stock market, and the entire rolling disaster that is the modern financial system. Calling it an expansion of landlords, whatever, it's almost landlords for capitalists. It's just so, so far outside the bounds of the triad.
You can point to aspects that clearly fit Marxism, but even his conceptions of landlords is very telling. I would say the biggest current Landlords, under the Marxist definition, are credit card companies. And they oppress small businesses at the same time they oppress the working class. There's an entire hierarchy of business. I know a guy who owns an electrical firm. Seven people (pre-COVID), he does the most work out of any of them. He's an electrician with 20 years of experience. Is he Worker or Capitalist?
The entire gig economy and contracting just falls outside the strict boundaries of Marxism the same way that serfs and traders did in the medieval period. It requires an entire evolution of Marxist thought and organizing. And if you think they're struggling with that, look at things like this website. This is increasingly a larger and larger section of the market. How does "sfdebris.com" fit into the matrix of Marxism? Worker? Capitalist? Landlord? People are going to pick whichever one's their favorite (usually between workers and capitalists, no one likes landlords). Whether he's an entrepreneur (capitalist) or another oppressed worker who has found an outlet around capitalist oppression... it just kinda falls apart. Neither. It's neither. It's outside his structure.
Marxists will say "well we can keep modifying the structure!" Okay. At what point does the modified thing cease to be Marxism and start being something else? Do we just do Marxist class hierarchy by income level? That's not the way Marx conceived it at all, but maybe?
See what I mean? I have a huge problem fitting Marxist ideology into today's world. In my opinion it's a giant square peg, and it's short on square holes. Things are so much more complex than a simple class struggle. Rural vs. urban, racial issues, age issues, technology issues...
BridgeConsoleMasher wrote: ↑Fri Aug 07, 2020 10:33 pmSo Marx's ideas have worked their way into economic analysis and social analysis to some degree, but that's different from "Marxist analysis." It's the same way that Newton's ideas are incorporated into Physics, but it doesn't include some "Newtonist analysis" that works in Newton's bizarre brand of Christianity.
Edit: Marxists also tend to veer into this "inevitable progression of history/society/etc." idea that is widely derided This idea that everything is working towards this single fixed endpoint in an inevitable progression. This "progress of history" sort of shit is not well regarded.
My point was more that the principles are somewhat genericized, which is not for nothing. His philosophy paid a lot of attention to employees as a social group, which has comparable praxis as is employed by principles of identity politics.
His economics were actually severely flawed, and as I was saying, rather antiquated about a century later following World War II in favor of Keynesian economics.
As far as his propheticism, I wouldn't be surprised if Malcom X read up on a bit of his work.
I wouldn't say that his economic ideas were flawed so much as they were a step in our understanding. It's like saying Newton's work is flawed. Yes, much of Newton's laws of physics has been supplanted by a much greater understanding (called Einsteinian mechanics) but it's not really like F=ma is wrong. Just a bit too simple.
The Keynesian revolution was to switch from a demand-focused understanding to a supply-focused understanding, while Marx was concerned with a capital-labor dynamic. Those are almost two different things. Yeah, Marx's economics were supply-focused, but that was almost an artifact of the economics of the time. It occasionally sticks out, but it's surprising how much of it is just tangental. For instance, I'll just quote Wikipedia here because it really gives a nice summary:
Marxian economics
Some Marxist economists criticized Keynesian economics.[103] For example, in his 1946 appraisal[104] Paul Sweezy—while admitting that there was much in the General Theory's analysis of effective demand that Marxists could draw on—described Keynes as a prisoner of his neoclassical upbringing. Sweezy argued that Keynes had never been able to view the capitalist system as a totality. He argued that Keynes regarded the class struggle carelessly, and overlooked the class role of the capitalist state, which he treated as a deus ex machina, and some other points. While Michał Kalecki was generally enthusiastic about the Keynesian revolution, he predicted that it would not endure, in his article "Political Aspects of Full Employment". In the article Kalecki predicted that the full employment delivered by Keynesian policy would eventually lead to a more assertive working class and weakening of the social position of business leaders, causing the elite to use their political power to force the displacement of the Keynesian policy even though profits would be higher than under a laissez faire system: The erosion of social prestige and political power would be unacceptable to the elites despite higher profits.[105]
I mean anyone can just cherry pick examples and go "I'm right, I'm right" but the prediction of permanent government deficit spending and an eventual business leader rebellion - trickle down economics - was almost perfectly predicted here. Kalecki predicted a growing middle class would be a social threat to the rich, and lead to a fight against class mobility even at the cost of their total personal wealth (an idea that's almost laughable - what does personal wealth mean to the rich at a certain point? It's just a number. It's about how much bigger the number is than anyone else's number).
So I tend to see more common sense and good ideas from Marxists the closer they stick to economic theory. The more they wander into the less materialistic and vaguer territory of greater social change, the more I tend to find them doing things like shaking sticks and yelling "get off my lawn!" I really don't think it's a coincidence that an "American Libertarian" cited a Marxist when criticizing academia.