> Those conditions had long since been fixed by the government's factory acts, but Marx couldn't mention that without undermining his central thesis that democratic capitalism was in a death spiral and couldn't improve the workers conditions, so he pretended he was citing contemporary documents
I've heard most of the anti-Marx stories - some invented, some just rumor, a few true. Never heard this one before. Not sure what one of these jibes you are referring to.
Marx traced the history of capitalism in England. Actually in his studies he showed how working conditions had gotten better in some respects. He was writing a history, so of course he referred to "obsolete...long since reports".
You are correct that he predicted capitalism was in a death spiral. Just as he had observed feudalism in a death spiral, and knew about the Roman slave latifundia economy's death spiral before that.
Corporate America going to the taxpayer to bail out "too big to fail" deregulated banks is precisely the kind of thing Marx predicted. Marx said eventually that would lead to the end of capitalism.
Who knows, the amount of carbon poured into the atmosphere increases every year, perhaps capitalism and humanity will both end at the same time before Marx's visions could be realized.
I've heard most of the anti-Marx stories - some invented, some just rumor, a few true. Never heard this one before. Not sure what one of these jibes you are referring to.
Marx traced the history of capitalism in England. Actually in his studies he showed how working conditions had gotten better in some respects. He was writing a history, so of course he referred to "obsolete...long since reports".
You are correct that he predicted capitalism was in a death spiral. Just as he had observed feudalism in a death spiral, and knew about the Roman slave latifundia economy's death spiral before that.
Corporate America going to the taxpayer to bail out "too big to fail" deregulated banks is precisely the kind of thing Marx predicted. Marx said eventually that would lead to the end of capitalism.
Who knows, the amount of carbon poured into the atmosphere increases every year, perhaps capitalism and humanity will both end at the same time before Marx's visions could be realized.