2min chapter

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#303 – Steve Keen: Marxism, Capitalism, and Economics

Lex Fridman Podcast

CHAPTER

Marxist Political Ideology - The Difference Between Marxian Economics and Marxist Politics

In 1857, Marx said he could prove that socialism must come about. But his proof relied critically upon tendency for the right of profit to fall. He was saying he would have to come about or is it a good thing for it to come about? And what he did in that insight in 1857 is contradict his own idea about what it leads to socialism. Well, he couldn't cope with it.

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