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Comment by mrpickels | Hacker News Reader

because we live in the real world and deal with real humans. Karl Marx never worked a single day in his life and created an ideology for people who believe in unicorns. His work is a criticism of Adam Smith's theories, not a self-sustainable solution.

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He was the first person to prove that capitalism is not a self-sustainable solution either. Everything he said about capitalism was true and remains true. E.g. the current crisis could be predicted and it will be a super-crisis, because there're no new markets in the world. No more countries left to plunder. There's no way of solving the current crisis without starting a 3rd world war.

The capitalism that we have rn is actually a form of socialism :) I don't want to be that pessimistic about 3rd world war, a horrible solution to a big problem. I think humanity has a chance to have abundance, we need to be united and don't trust governments and banks and medical institutions, I can see that a lot of people are going through a healing phase of their mental state, they giving up all of the brainwashings and taking a red pill. Question is - will everybody use his chance on time? We will see. Peace.

> His work is a criticism of Adam Smith's theories

Marx's work is a continuation of Adam Smith that the subject of inquiry was political economy (not "economics"), that value derived from labor and so on.

Modern establishment economics is a criticism of Adam Smith in that value comes from labor, that the study of the economy is political, etc.

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