Comments on: Why Nouriel Roubini and all of us are wrong about Karl Marx http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/ Wed, 16 Jul 2014 00:47:01 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: creekbear http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1224 Tue, 13 Sep 2011 23:36:40 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1224 The link below uses a word cloud – like a clickable version of Wordle – to summarize the comments on this article. Check it out…

http://tinyurl.com/6zn2wo2

]]>
By: HarleyHoward http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1223 Tue, 13 Sep 2011 20:46:56 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1223 Stop your liberal whining! Go look at his interview on The Daily Ticker – Yahoo on 9/12/11 and listen! We are suffering under the effects of the corrupt corporate statism of the entrenched elites. They have screwed up the free enterprise system for their personal gain and riches, the people be damned!
Common Sense from the Heartland – http://howardwemple.com

]]>
By: nuabk http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1220 Mon, 12 Sep 2011 20:06:55 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1220 Unfortunately Whalen has it wrong. First, Marx’s analysis was anything but crude. I wonder if Whalen has ever picked up a copy of Capital? So many detractors never have… Marx’s analysis was off on many things: historical materialism, class as the prime mover of politics, etc… but he had the most insightful analysis of capitalism yet. I’ve used a basic Marxian framework, some of it borrowing from Japanese economist Moroshita, to predict every major market downturn for 20 years… and I’ve made a pile of cash doing so… Second, I have read Mises and Hayek, and they weren’t really economists either, more philosophers, and Mr. Whalen’s approach here, like so many enamored with the Tea Party, Schumpeter, the Austrian School, and Libertarianism, is not economic, but philosophical. Third, the Marxist states of the USSR and Eastern Europe never really applied anything even remotely resembling what Marx might have suggested, in fact, just the opposite; what they were instead were totalitarian party states hell bent on keeping power. I could go on, but I don’t have time to keep punching holes in such a poor, hackneyed, and purely ideological analysis by Mr. Whalen.

]]>
By: josefski http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1212 Sat, 10 Sep 2011 03:08:28 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1212 When are we going to finally realize that we have obsoleted a good share of humanity out of the workforce and need to get on with the task of finding a way to occupy them? We’re finally able to produce all that we need with few hands. Yay! Let’s find a way to enjoy the bounty instead of making each other miserable!

]]>
By: cosmicinsight http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1211 Sat, 10 Sep 2011 00:27:17 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1211 No opinion that I have read in these columns has drawn so much readers’ ire as this one.It is not so much due to lack of substance but because of confused justification.I feel ashamed for the apologetic s and proponents of the free and unfettered marketplace that exists as there is no such thing as that and the one as defined by Smith and Keynes could not exist in the ideal state perpetually.

]]>
By: ocorrain http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1204 Mon, 05 Sep 2011 02:45:31 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1204 Whalen writes: “Yet despite America’s pretensions to being a free market, democratic society, the Marxian world view won the battle for ideas in the 20th Century… The New Deal and Great Society efforts to increase the scope of government in America all stem from the socialist ideas of FDR and his political heirs in both parties…” Mr Whalen is presenting contradictory views which makes it difficult to follow his curious rant. It seems to represent, as one commenter correctly perceived: “part of the Ayn Rand Brigade”, a badly distorted view of the political & economic world that engulfs us.

]]>
By: carolinian http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1183 Sun, 21 Aug 2011 01:27:50 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1183 Isn’t part part of Marxian theory is that producers–capitalists–will suppress worker’s wages to the point that workers are unable to afford what is produced by the capitalists?

]]>
By: JasonBoss http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1180 Fri, 19 Aug 2011 10:23:23 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1180 Citing Marx as crude while categorizing the entire presidency of FDR as a Socialist knockoff of France…

You’ve omitted the Great Depression — for which those policies were much needed medicine for the 1920s Capitalism we’ve since returned to. These free-marketeers won’t get it until they’re standing in bread lines again.

]]>
By: esenzia http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1178 Thu, 18 Aug 2011 16:35:33 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1178 interesting, above the average economist dictum, but missing of course the ‘big facts\'; this crisis is far deeper than suspected because it is both financial, physical and ‘metaphysical’. We evolve and reproduce machines in corporations and now electronic machines are so evolved that they reproduce money in inordinate amounts (hence the e-money crashes of 2001 and 2008 we forecast decades ago), we produce and evolve robots, the new blue collar workers and soldiers, and we evolve software suites and pcs, the new white collar workers. The Industrial R=evolution of machines is entering now the robotic, organic age and we, humans are increasingly obsolete as workers and soldiers.
in other words, Marx had it half wrong, ‘capital and machines will multiply and expel all workers till they rebel’… the end is what is not happening, it is more like a terminator/matrix solution: capital and machines, pv=mt, will make us obsolete, substitute us and then we will be put on jail if we protest, as the middle class of corporations will be those blue collar robots and white collar pcs… Witness china, that was the only country competing with low blue collar labor with them: this month foxconn, the biggest world employer announces it will create one million new ‘robojobs’,( and throw out most of his workers): productivity = capital/labor, the less labor the most productivity and yet that is hwat our corrupted economists and politicos gave us as solution: to extinguish labor, automate companies and increase profits. Yes, capitalism is healthy, it is life and mankind what will be crushed.
www.economicstruth.com

]]>
By: TheDogtor http://blogs.reuters.com/christopher-whalen/2011/08/15/why-nouriel-roubini-and-all-of-us-are-wrong-about-karl-marx/comment-page-2/#comment-1176 Wed, 17 Aug 2011 06:09:10 +0000 http://blogs.reuters.com/christopher-whalen/?p=626#comment-1176 I enjoyed this article. Thank you very much.

]]>