Marx said that concentration of wealth can be a good thing as rich people can invest their money in capital heavy things, such as factories, whereas poor people tend not to do that.
Despite the common image, Marx was a huge fan of capitalism. He thought it was a huge step forward, and not least that capitalism was an absolute necessity to bring production to a level where he believed socialism would become possible... He just also thought it had flaws that he believed would eventually make it obsolete.
Yeah, typically people don’t understand the point of Marx at all.
He saw capitalism as a natural and necessary step before developing communism.
Hence why most criticism of soviet and Chinese communism is fundamentally flawed, since they tried to develop communism in feudal societies.
FWIW I am libertarian leaning, but it is obvious to me capitalism has obvious defects that must be either compensated for, or be done away with entirely.
vidarh|25 days ago
Gud|25 days ago
He saw capitalism as a natural and necessary step before developing communism.
Hence why most criticism of soviet and Chinese communism is fundamentally flawed, since they tried to develop communism in feudal societies.
FWIW I am libertarian leaning, but it is obvious to me capitalism has obvious defects that must be either compensated for, or be done away with entirely.
graemep|25 days ago