Originally posted by: fitzov
Originally posted by: Vic
Communism and other authoritarian governments will all eventually fail economically because they are horribly inefficient. The so-called "invisible hand" always exists, and the laws of nature cannot be repealed.
Marxism is -- and always will be -- a pipe dream failure. The basis of his economic theories is that market values could be replaced by a fixed system of value based on labor. As though a pile of dog sh!t could be worth the same as gold. It can never be practiced "properly" because it has no actual basis in reality.
It's not authoritarian, as is no economic system, but thanks for spreading the fear-filled propaganda McCarthy style, as if this were the 50s.
It's not a fixed system, but the value is derived from labor and material, and your follow-up statement about comparing ****** to gold just shows your lack of understanding--as value is determined by labor and material, the material is only one aspect of how much something would be worth as a product.
But please, continue in your strange way of thinking about economic theories that have an "actual basis in reality". But I would also like to hear how you think wealth is created.