/lit/ - Literature

>>20714990
He wasn't right about anything.
His labor theory of value is incorrect. Countries with the highest amount of working hours annually are China and India, some of the poorest countries on planet. The idea the labor time determines the value of a commodity isn't even empirically true.
His theory of immiseration hasn't come to pass either. People are living longer, working less hours in OECD countries - the countries Marx believed communist revolution would have most likely happen but did not. His theory on the tendency of the profit rate to fall hasn't bore true either since capitalists have been able to increase profit rates by creating new innovations, inventions and markets from the endless sea of human imagination. His theory that revolution, through state power, would liberate the proletariat, and lead to communism, was also non-sense, and just served as a reminder of the absurdity of socialism and the dangers of state power.
None of his predictions being true should surprise anyone. He wasn't even an economist. He was a bum who never owned a business or worked a day in life. He was privileged, a member of the Jewish bourgeois, and lived off Engels and parents. He never paid his own bills. His philosophy was a product of his life being a total failure, and putting his hopes into the ideas of utopians like Robert Owens to cope with poverty. Many of the people who follow his philosophy today are just as lazy and pathetic as him. Marxism can be summed up as millenarianism for atheists. The only reason why Marxism is so popular is because the elites know its not a danger to their power since it just re-enforces the status quo. That's why its taught in many state universities - its great for brainwashing people into be herd animals for bureaucrats because it robs them of the self actualization that is needed to experience freedom.