tag:blogger.com,1999:blog-7345275.post111786388430637804..comments2023-10-30T11:13:44.310-04:00Comments on The Ethical Werewolf ‡ by Neil Sinhababu : Where Marx was right (and wrong)Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7345275.post-1120027393595923222005-06-29T02:43:00.000-04:002005-06-29T02:43:00.000-04:00Hi, I was going to post a comment here but I see t...Hi, I was going to post a comment here but I see there is a more active thread on the subject of Marxist economics (not really) on a later post<BR/><BR/>" "Yglesias-Sinhababu Marx correspondence""<BR/><BR/>So I will put it thereMark H. Foxwellhttps://www.blogger.com/profile/09742816212489965058noreply@blogger.comtag:blogger.com,1999:blog-7345275.post-1117867157495910302005-06-04T02:39:00.000-04:002005-06-04T02:39:00.000-04:00It's been a while since I've read Capital, but I t...It's been a while since I've read Capital, but I think Marx's point was that, paradoxically, the bourgeoisie DON'T get get more powerful as a class as capital accumulates. Rather, competition and diminishing returns on capital drive profit margins ever lower. The proletariat, when it revolts, doesn't revolt against a fat and happy bourgeoisie with ever growing influence and power. It revolts against a bedraggled, pathetic bourgeoisie unable to pay its own workers due to the vicious competitiveness of capitalism.Anonymousnoreply@blogger.com