Socialism vs. Marxism, Take #2


I publicize an alternative viewpoint to my socialism vs Marxism post from Jeremy. Go to prior post and click in response section. Jeremy argues that BO has not adequately pursued a progressive agenda and that capitalism will collapse.

My post posed a hypothesis that BO is a patient Marxist.
I detailed one specific example (energy policy) as an example …. Have many others.

Addressing some of Jeremy’s points:

Van Jones allegedly is a key driver behind OWS. Goal may be to eventually create anarchy leading to complete destruction of capitalism. If capitalism does collapse, then it will be mainly attributed to decades of socialist leaning policies that modified capitalism significantly from free market status. Ex: government monopolization of mortgage industry was key reason behind Great Recession, not capitalism. Ex2: government energy policy preventing capitalists to drill for oil. Coal, shale, tar sands, track etc. Meanwhile Marxist BO persuades export import bank for large loan so they can drill in Gulf where we cannot. BO then states that he wishes we become Brazil’s largest customer. This is classic world Marxism — US is a “have” and Brazil a “have not”.

A true Marxist or Saul Alinsky disciple like BO follows rules specified by both: timing is critical, do not overextend. This is why some less patient Socialists and Marxists feel betrayed by BO.

Jeremy – thanks for the link to wsws. I like the Rutgers study (went there for BA and MS) Pointing out that of those who lost jobs between Aug 08 – Aug 09, only 22% had full time jobs in Aug 2010 and only 7% regained current level of income. Yes the impact of government mandating 50% of Freddie and Fannies finance sub standard loans (thanks Andrew Cuomo HUD chief in 2000) and Barney Frank insisting F and F were solvent 2 months before bankruptcy already costing taxpayers 200 billion on way to potential of 1 trillion, were devastating to economy.

Jeremy- I studied Marxism under the great Alexander Balinky and was very socialist leaning in my early 20s. My 1st job after college was an auditor of USDA child nutrition programs. After personally uncovering tons of fraud, abuse, waste at federal, state, local governments for 4 years I became a free market capitalist. So I know how you think. A great experience (gov career) helped me evolve. Thanks again for visiting my blog and taking time for your detailed response. You may also be interested in my OWS posts. Will have more coming.

Best regards
Economics501

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About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.
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