The "What is Money?" Show cover image

Exposing the Modern "Woke" Movement with James Lindsay (WiM489)

The "What is Money?" Show

NOTE

Defining Capitalism and Socialism in Modern Marxist Ideology

In modern Marxist ideology, there is a tendency to blame capitalism for the violations of private property such as taxation, inflation, and regulation, labeling it as late stage capitalism. However, this perspective lacks a comprehensive understanding of capitalism as the institutionalized respect for private property. The ideology also views Marxism more as a religious belief than an economic theory, believing that failures in socialism are not due to flaws in the system but rather to people not fully embracing socialist principles.

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