Posted by
Bob B on Saturday, April 25, 2009 4:58:31 PM
This is a test. No, not a test of the Emergency Internet Online system. There will be no 30 second 60 cycle hum. And relax, it’s just a one question test.
While you prepare, permit me to ramble, an on topic ramble. Capitalism is about a free market system, not about capital. Hayek called it the “extended economy” because it was economic liberty extended to everyone. So who coined the term Capitalism? Oops, sorry! I said there would only be one question and that wasn’t it; so here’s the answer. It was Karl Marx. Presumably he thought “Free Markets” would not move the crowd in his direction as much as would the populist term “Capitalism”.
Stop relaxing. Tense up. Here’s the test.
What is THE prime difference between Marxism and that system Marx called Capitalism ??
Clue #1 – both call for equality.
Clue #2 – Google for Marx’s most famous quote
I will give my answer in my next post. In the meantime what is your answer ?
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