Marx' idea of intrinsic crisis in capitalism was basically correct. He had no way of foreseeing the horrors of stalinism.
-
-
Replying to @Plinz @Supreme_Owl_FTW
A theory is only correct if it has predictive as well as descriptive power. Marx failed to predict the horrors of Stalinism because his understanding of history, morality, and economics was wrong. Darwin successfully predicted Morgan's sphinx moth. The theory itself, much more.
2 replies 0 retweets 7 likes -
Replying to @M_Methuselah @Supreme_Owl_FTW
Marx theory had a number of flaws, but it might turn out to be essentially correct once AI destroys the labor based economy...
3 replies 0 retweets 1 like -
Replying to @Plinz @Supreme_Owl_FTW
"A number of flaws." Capitalism did not fail. Even if you count the way that the AI revolution will change the economic landscape as post-capitalism, creation of AI was only possible though the SUCCESS of capitalism. AI represents the success of capitalism, not its failure.
1 reply 1 retweet 5 likes -
Replying to @M_Methuselah @Supreme_Owl_FTW
Feudalism (rule by land owners) was replaced by capitalism (stock owners) due to industrialization.
2 replies 0 retweets 1 like -
It is pretty likely that capitalism will be replaced due to automation or environmental collapse, but we don't know with what.
2 replies 0 retweets 0 likes -
I agree that our present economic and social progress are successes of capitalism!
2 replies 0 retweets 1 like -
Feudalism was not replaced because it was evil and capitalism was good. New things happen because the previous thing could not prevail.
1 reply 0 retweets 0 likes -
Replying to @Plinz @Supreme_Owl_FTW
You're missing the point. Feudalism was replaced because of technological innovation that did not require feudalism to exist in order for it to be established from within it. I posit that the technological innovation of AI could only have been established from within capitalism.
1 reply 0 retweets 0 likes -
This means that capitalism will be so successful that it will build its own replacement. Feudalism did not build its own replacement, but was rather replaced unwillingly.
1 reply 0 retweets 0 likes
Capitalism is not an agent, but a system model imposed by the observer. Wallstreet, Walmart and congress will not build its own replacement.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.