It is understood that Marx’s theories stand entirely upon his Labor Theory of Value. If that theory is discredited, so is the scenario that leads to the inevitable triumph of communism. That fact, however, doesn’t stop Marx’s disciples from employing other fallacies.
You May Also Like
Editor's Pick
Vanessa Brown Calder On the campaign trail last week, former President Trump promised that under a future Trump administration, “government will pay” or “your...
Editor's Pick
Clark Packard The US-China relationship is the most important and complex bilateral relationship in the world today. How these two superpowers interact is a...
Editor's Pick
Walter Olson The Electoral College is out of favor these days not only among scholars and commentators but also with the general public. Why...
Editor's Pick
In this video from StockCharts TV, Julius takes a look at rotations in an asset allocation RRG. He compares fixed-income-related asset classes, commodities, the...