Despite its obvious failures in the twentieth century, Marxism remains one of the most widespread political and economic ideologies of our time. Western democracies have adopted many of the principles and policies advocated by Marx and his followers, and many post-colonial developing countries have built their societies on the basis of socialist …
More »Ep. 12: Bulgaria and the Eurozone, 200 years since the birth of Marx
01:15 - Bulgaria's entry into the Eurozone 26:37 - 200 years since the birth of Karl Marx 46:30 - The State vs. Market Social Assistance 60:33 - Questions from Patreon Donors Links: The Secret Weakness of the Euro The Right-Wing and Conservative Position is Bulgaria Outside the Eurozone Desislava Nikolova from IME Against the Recent Entry …
More »Do government investments produce economic growth? Nonsense! - part one
“I am right-wing, but when it comes to investments, I don’t see a solution on the right. If a factory needs to be built in a place like Macedonia, for example, you can’t just rely on economic freedom and low taxes. Even if taxes were zero in Macedonia, investors would want to invest…
More »The Labor Theory of Value and Capitalist Exploitation
This article examines major problems in one of the fundamental constructs of Marx's theory of capitalist economics. The shortcomings of the labor theory of value are pointed out in Marx's Capital to show how this leads to the collapse of "capitalist exploitation" as a thesis. The subjective theory of value in ...
More »Socialism - from absurd ideas to terrifying consequences
The 24th anniversary of the fall of the Berlin Wall (November 2013) gives us a good reason to look back at the economic and philosophical foundations of Marxism; of the “scientific” communism that was supposed to lead humanity to the inevitable final stage of history and the end of the dialectical clash between classes. We all know what this experiment led to…
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EKIP– Expert Club for Economics and Politics A Different Opinion