Why didn't you FUCKING listen?

You should be. The tendency for the rate of profit to fall - and subsequent attempts to raise the rate of profit through financial engineering - means that capitalist economists will become more and more vulnerable to exogenous shocks like a pandemic.

You really can't consider yourself educated about the economy without reading classical political economists (Ricardo, Smith, Marx). And READ them, not just what people say or meme about them.

>You really can't consider yourself educated about the economy without reading classical political economists (Ricardo, Smith, Marx). And READ them
based and literatepilled

Stalin listened. Stalin was a Marxist through and through. How'd that work out?
sage

the real cope is you losers needing to raid to even get a blink of Marx in Yas Forums

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I'm a Yas Forumsraeli but that doesn't necessarily mean I'm economically retarded. The whole purpose of buying bitcoin is betting against the banking system; there is no bitcoin standard unless liberal capitalism falls.

The capitalist mode of production is obsolete.

What is with this red team blue team ideology?
Even if we are from leftypol that doesn't make us incorrect.
Also, jesus, if you think a handful of shitposters is a raid I feel sorry for you. You truly live in the shittiest time of the internet.

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Fuck off newfag. Why do you raiders always say the same fucking thing?

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Yet you losers always whine when someone disagrees with you in your home board

I first bought my first btc in 2014, you need to go back

It's funny that most people who hate Marx have never read any of his literature but have only watched stupid conservative videos from people like Stephan Molyneux complaining about Marx, who they themselves haven't read any of his literature either. They either read the Karl Marx Wikipedia article, or more likely, they googled "why Marx was wrong" and just clicked the first link without bothering to read anything more

Aaaaaaaaaaaand here's the "I bought/invested in X in 20XX" comment.

Are you mother fuckers reading a script?

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fuck off and leave us alone you're not converting anyone with your spams

Daily reminder: Angry online NEET Communists will always be losers and failures at life.

As they believe the markets are "rigged" against the people, they do not participate in the economy; they do not try to open a business or get a job because they believe "capitalism is rigged" so it's not worth trying. They are poor when the economy is good and they are destitute when the economy is bad. They are quietly seething when people are profiting in the market, but when the market recesses they rejoice believing that it’s somehow a proof that Communism is better.

Every morning they fall asleep in their damp mother's basement mattress, they dream that their SKY DADDY COMMUNISM will miraculously drop from the sky and perform miracles on their poor life decisions.

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He turned a backwards shit hole that got wrecked in three wars (Crimean, Russo-Japanese, and WWI) into an economic, industrial, scientific and military super power that almost singlehandedly beat Nazi Germany and sent the first man into space.

>Me me me

Let's not dwell on me and you. Let's discuss the fact that Karl Marx was totally right and you are totally salty about it. With out labor this world has nothing. Any rube could see that. Labor creates all value and with out it there is none.

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are you mad that I am right or that I have more money than you? you bet on the wrong horse user, get over it

Raiding is peak salt.

Also the first person to post a smug anime reaction image is the loser. That's the rule and you know it.

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>Labor creates all value
read Marx
>Labor is not the source of all wealth. Nature is just as much the source of use values (and it is surely of such that material wealth consists!) as labor, which itself is only the manifestation of a force of nature, human labor power. the above phrase is to be found in all children's primers and is correct insofar as it is implied that labor is performed with the appurtenant subjects and instruments.

>I have more money than you?
Do not lie to me brother.

Marx was right

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can i get a run down of this Op?

But none of this is proof that Communism is good. I don't know why you guys are high-fiving each other

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no currency = no incentive = lack of variety in goods and services = handicapped technology advancement and a populace that's going to create their own market anyways until the entire nation adapts markets instead of this juvenile "profitless work because you enjoy it" trite. yes it's trite and you're dogmatic mongrel for pushing this fantasy trite

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>no currency
Marx never argued that we should abolish currency

>Marx was right, labor produces things
No shit? You think Marx came up with that?

>the economy crashed because of greedy wealthy j*ws
>so let's give wealthy leftist j*ws who are even more fanatical about controlling people more power!

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I am a big time capitalist and hate bolshies who want to force it now, but think Marx will eventually be proven right. Just not for another 500 years.

Eventually automation and AI will make the kind of advances he predicted and eliminate scarcity. But we also would need to have the rest of the world fully developed so that populations don't increase to perpetuate scarcity.

Capitalism is the best force atm/won the cold war because of its ability to advance technological development via incentives and patents.

It makes more sense as a true Marxist to give society the time to develop along the lines he predicted in his youth, than to be a bolshy and force it down peoples throats while scarcity still exists, making capital necessary.

Trying to force hunter gatherers into a rock market would have been just as disastrous as it is currently to try to force us into gommunism

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This is literally just Chinese communism and it's already won

communism can't win until 3rd world nations stop reproducing at alarming rates. you outpace the improvements and wealth re-distribution it offers, a la the USSR.

>"progress" nonsense
nope, we'll be long gone before then, steady states never last long
praise gnon

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Oh so my Marx thread gets me a ban but this is allowed to stay? Fuck jannies.

BASED

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Capitalism is not "rigged" it works exactly as it is supposed to. Capitalists buy capital and labour power and use these to earn profit, profit is created through exploiting the labourer in the production process through wage-labour, a surplus of the value created by the labourer but not given in wages is profit. Now this is perfect capitalism, arguably more "progressive" than what we have now, a neo-feudal degenerated capitalism where many corporations engage in unproductive (in the classical sense) labour such as rentiering (real-estate, oil, etc) and speculation (finance, software, etc). For example in the software industry, obviously programming is productive labour but software can be consumed infinitely, therefore its price and wages paid aren't determined by labour-time or surplus value, but by speculating on IP. However it is because of this degeneration of capitalism that makes it stable, the perfect capitalist circuit I described to you simply isn't stable. Only through neo-feudal speculation and rentiering, creating super profits to fund a social corporatist welfare state, imposing humanist duties on the bourgeoisie and proletariat alike, can capitalism go on.

What you're seeing in the news, about the virus, is the negation of all of that. The duties are now so grand that the capitalists must grind their own system to a halt, even now the bourgeois state is beginning to criminalize renters and speculators.

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lulz

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cringe

They want to ride this train until the wheels fall off, Karl.

What's the name of this semen demon?

I read marx, unlike /leftypol/. No, Marx would not support UBI.

We did. Some used their brains and discarded it as insane. Others didn't, resulting in democide to the tune of millions. Marxism has been the single most devastating ideology the world has ever known.

We tried a "softer" version in Keynesianism. It has also failed consistently in the same manner.

Socialism does not work. It never works. It doesn't make sense. You cannot economise without honest price signals. Socialism cannot manifest economy. It's just political distribution until inevitable collapse. Economy requires freedom, co-operative competition and sound money.

LOL WE MAKE MONEY WHEN IT GOES DOWN COMMIE FAGGOT

We did listen, and it was a complete failure.
The labor theory of value is demonstrably wrong.
Marx's evidence is cherry picked and anecdotal at best.

Capitalism is a failure but Marx was also completely wrong.
Also why are there so many fucking communists on Yas Forums
I was expecting to deal with ancap fags instead of liberal marx troons.

>s-sorry

THIS. It's funny seeing these threads pop up all week saying it's over when it's just as viable to make money in this market as it is in the bull market.

>Also why are there so many fucking communists on Yas Forums

a few pop up whenever the markets are down

duh

Keynesianism is socialism, not capitalism in the libertarian sense.

Labourers earn low-risk profit from their labour. A labourer cannot go bankrupt because his business fails, he cannot find himself adrift with crippling debts. At worst, he loses his job and must live by his savings and the charity of his family until he finds another job.

Capitalists earn high-risk profit from their capital (and most often also very significant labour). A capitalist who makes bad decisions can lose more than he has ever earned.

The risk, along with the complication of building initial capital, comes with the greatest reward. The capitalist seeks the highest reward, while the labourer seeks safety.

Consider: a labourer can earn nothing without the capitalist providing the liquidity for the resources his labour transforms. The relationship, should be symbiotic.

If you do not understand the risk dimension of the bargain between employee and employer, you are at risk of being fooled by Marxism, an ideology for suicidal retards.

Unfortunately for Marxists, their fellows upon entering positions of influence consistently kill their fellow revolutionaries and then proceed to use their powers to establish a protected elite, imposing even more dire oppression on the people. Marxism, after all, is just corporate socialism where corporations are all owned by the one dictator and called "government".

Marx was actually a libertarian but the retarded kind

fucking cringe
based

Cause my parents opted for migration to Burgerland with 10 dollars in their pockets instead of staying in a communist shithole.

>Communism is when everything is free
Cringe and illiterate pilled

>he thinks the line is going down
it's over retard, and it isn't coming back. the world is playing China's game now

go read some Professor Buttigieg before you insult anyone of us again