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Reply #128: I think you are getting ahead of yoursef.. [View All]

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Tech 9 Donating Member (179 posts) Send PM | Profile | Ignore Sun Oct-07-07 08:31 PM
Response to Reply #96
128. I think you are getting ahead of yoursef..
Edited on Sun Oct-07-07 08:32 PM by Tech 9
The problem with the traditional Marxist analysis that you are peddling, besides the assumption of a particular moral frame of reference, is that Marx had a simplistic view of the role of capital. To him, capital was the means of production, and what mattered most about who owned it was simply who received its rewards.

Could you elaborate on what he is "peddling"? Or at least clue the rest of us in on what traditional Marxist analysis is? Oh, thats a complicated subject you say? But you also call Marx's views simplistic..views crafted over a lifetime and in particular intense study over the final 20 years of his life. Don't let any of that stop you though, you're on a roll..

Particular moral frame of reference? Again, you are quick with the hyperbole but not so quick to tell us why we should think you aren't just throwing around empty phrases..? Your liberalism is much more rooted in "moral frames of reference"..

Marx had a simplistic view of Capital. Really. Have you *read* Marx's views on Capital? Do you disagree that capital constitutes the means of production? Are you using "means of production" in a technical way or is that simply a sneer?

But it matters a great deal to the direction of the economy how capital is deployed. The unique thing about capitalism are the mechanisms it creates to lure capital away from pure rent seeking and into the creation of new and risky ventures, seeding the evolution of business and technology processes that drive modern economies. Economic advance requires a lot of new businesses. Which means a lot of capital put at risk.

You should try making one coherent point at a time. It appears you think Marx never discussed how capital was deployed. Since this is one of the central themes of Das Kapital, I think that is a suspect claim. Further, you are stuffing the whole kitchen sink into one paragraph here. Your love for capitalism seems to rest on how great it is at evolving business and technology and generally producing economic advance. But you are someone confounding that with talk of "venture" capital and the assumption of risk..which is merely an internal component of capitalism. Why is risk not simply another means of redistributing (redeploying) capital? It almost sounds like you are superimposing a "particular moral frame of reference" of your own here. Venture capitalists deserve the rewards they get because they took the chances after all..

If that is what you're saying it would be helpful if you simply came out and said so. That way everyone would understand that you are a capitalist apologist and an ideologue who will stop at nothing to shout down and socialist-tinged rhetoric.

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