General Discussion
In reply to the discussion: How to handle the Democrat equals Communist Bull Shit: [View all]harumph
(3,606 posts)Even some middle of the road economists will concede that he correctly identified many of the vexing conditions associated with inequality. They do this while still being capitalist. Hence, it is widely understood in academia that Marx still has things to say.
Wikipedia on "Marxian" economics:
"Considered a heterodox school, the Marxian school has been criticized by claims relating to inconsistency, failed predictions, and scrutiny of nominally communist countries' economic planning in the 20th century. According to economists such as George Stigler and Robert Solow, Marxist economics are not relevant to modern economics, having "virtually no impact"[5] and only "represent[ing] a small minority of modern economists".[6] However, some ideas of the Marxian school have contributed to mainstream understanding of the global economy. Certain concepts developed in Marxian economics, especially those related to capital accumulation and the business cycle, have been fitted for use in capitalist systems; one such example is Joseph Schumpeter's notion of creative destruction." (emphasis mine)
Now of course, you're right inasmuch as even the mere mention of Marx will get you tarred and feathered by the right wing.
That doesn't mean intelligent people should restrict their reading and information gathering to only resources deemed "acceptable" by the pearl clutching right.