My idea was heresy.
June 11, 2012
In my master’s thesis on Karl Marx and Freddy Hegel, I said that Marxism would fall based on a contradiction in its basic assumptions. Marx in my view had misread Hegel. Many Marxists on staff were upset. My idea was heresy. Over the years I have come to realize that all economic systems have contradictions built into them. Contradictions that eventually mark their end.
Many believed that there were only two economic systems, Communism and capitalism. But of course there were other economic systems throughout history: mercantilism, fascism, socialism, serfdom etc.
I am not an economist but I think one can see that there is nothing religious about economic systems. They function and then they cease to function. Individual liberty is never a goal of any system.
World economic recovery depends a great deal upon America’s recovery. And much of America’s recovery is stunted by self-interest. At least short term self-interest. A house divided cannot stand. In these difficult times it seems to me that what politicians and people lack is imagination. And then courage. One thing they haven’t lacked is patience. But for how long?