Aside from what I’ve previously written about Marx, I keep examining his peculiar brand of “economics”. After all, it laid the groundwork for most of the past century’s public policy (and subsequent catastrophes), and  pretty much all of what we’ll be forced to bear for the foreseeable future, as well. So I just can’t let it go. Per Marx, exploitation is the result of primitive accumulation (a topic I’ve already thoroughly discussed). And over-accumulation is what ultimately leads to the exploitation of the proletariat.  But so-called over-accumulation depends upon exploitation, right? As it stands, it’s an insoluble problem. If it were one or the other, we could resolve the root problem. It can’t be both. Exploitation can’t be the cause of accumulation, if accumulation is a necessary condition for exploitation.  Don’t feel bad … Read entire article »