Marx says that capitalism doesn’t work, and its main flaw is that the capital gathers in the hands of a very few people, and that only a hyper minority of people are successful. That is wrong.
It is true that in a productive company of 100 people, half the money goes to 10 of these people. This is the Pareto distribution, and it seems like a fundamental natural law. If you take any creative endeavor that a human being engages in, this rule still applies. This is where Marx was wrong. It is not a flaw of the capitalist system; “it is a feature of every single system of production that we know no matter who set it up.” It is not specific to capitalism.
Marxism also uses great violence. If people are stuck at zero, without money, then it’s really difficult for them to get out of it. That’s why these groups of people would go and burn the houses of the rich, because they think it’s better to do that than sit passively without money. They are thinking, why should these rich people have all that power?
Marx also says that the value of a product is based on the effort used to create it. That’s wrong too. The value depends on the demand. If no one wants that product, then there is no value to it. Moreover, he says that, in capitalism, these products end up in the hands of a small number of people. This is false, too. It is not the same number of people through time. It is the same proportion of people. If it’s a 1%, then it’s always a 1%, but it’s not the same amount of people, because as the years pass by, more people are born on Earth, which leads to an increased population of people.
These are why Marxism cannot be implemented in our world for now.
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