this post was submitted on 05 Mar 2024
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What's funny is thay Adam Smith predicted all of our late stage capitalism before Marx and Engles were even born. He warmed that leaving capitalists to their own devices would destroy the economy, but instead he is regarded as the father of free marker capitalism by morons who never even read* Wealth of Nations. *
The hand was fine until some point for most purposes, just like Newtonian physics were fine.
It did work as expected before that. The funniest thing is that the Soviet system started smelling of piss at the same time.
So libertarian and marxist views on economics were both like "now our enemy's flaws are not much worse than our own, but it will get apocalyptic for them and we'll win", and somewhere in 60s it started getting apocalyptic for both. Damn funny.