FN - 2187 asked in Social ScienceEconomics · 10 months ago

Is Marx the Nostradamus of economics since his predictions are becoming more true by the day?

5 Answers

  • 10 months ago
    Favorite Answer

    Maybe not Nostradamus, but I sort of compare him to Freud in psychology. Both of them didn't get everything right, but you have to respect the fact that they identified some important trends and possible results. And they laid the groundwork for those coming afterwards. 

    One area that Marx didn't foresee was in the rise of state socialism, the dictatorship of the proletariat would be transformed into something more democratic as private property would be abolished. However, the macro trend of capitalism becoming more and more concentrated was spot-on. While private property may never be truly abolished, it can be decentralized in a way to allow for an equitable sharing of wealth and that structures can be put into place that allow for the development of wealth with equitable sharing thereby lifting the poor communities out of poverty. 

    Perhaps it is more communalist than communist, which implies a top-down approach. The result may be socialistic, but the state withering away (or becoming highly diminished) may develop bottom-up rather than top-down. One area Marx could not have foreseen is how this may all be facilitated by the rise of Artificial Intelligence. 

  • Ian
    Lv 6
    10 months ago

    Many philosophers of the time came to the same conclusions as Marx.  Capitalist and communist ideological philosophers are currently in conflict, with communist ideology being opposed in the same manner as the round Earth theory once was.  You don't need to look far to see that capitalism is destroying our world, and that capitalists blaming capitalist wars on communism has become the norm, as well as completely blocking all social and spiritual development.

  • Oiy
    Lv 6
    10 months ago

    No, not at all. Thousand of people get killed because of him worldwide. There is no utopia and the end of capitalism, but the end of communism instead.

  • 10 months ago

    What about the predictions about the 39 Marxist systems that have failed?

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  • Zirp
    Lv 7
    10 months ago

    I fail to see the similarity. Marx used logical thinking, Nostradamus was, well, tripping

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