Frank wrote on Jan 15
th, 2024 at 9:19am:
thegreatdivide wrote on Jan 15
th, 2024 at 8:22am:
So Marx said private property was restricted to the 10% - but in Australia, home ownership is at 66%.
I said: 150 years later, did you miss it?
After the GD and WW2, Keynesian
welfare state policies, and Marxist-inspired
workers' unions (both since abandoned by neoclassicists), pushed up home ownership AND public housing; but since the eighties the neoliberal free marketeers have pushed it down again.
Quote:So Marxist economics is BS.
But the need for Marxist 'collective' policies, as opposed to individual greed-based policies (via 'invisible hand' markets) is greater than ever before, as the present absurd neoclassical/neoliberal economic orthodoxy is set to churn out the world's first trillionaire within the next decade, even while
entire nations are heading toward bankruptcy. and the young everywhere are inceasingly shut out of home ownership.
Quote: Yet you are a Marxist.
I certainly believe in well-being for the collective, not only for the individual.
Quote:Your cultural, political outlook is Marxxist, your economic propaganda is Marxist.
'Marxist', as defined above.
Quote:You are a cultural Marxist, in shorts (sic)
In shorts?
You mean a Marxist without all the cultural BS such as gender, religion, and race?
Well ...yes.
So, back to Marx's observations about private property....how are you going to reverse decreasing home ownership?