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Janos Abel's avatar

"The free market system will mint fewer kings in the decades ahead."

Capitalism produces GTP 4 and is forced to transcend itself...

Thus another of Marx's mis-take: Capitalism under its own contradictions does not collapse but evolves towards a best possible future state. The synthesis of its best aspects and those of socialism will leave me satisfied—for the time being (:-).

Stella Stillwell's avatar

Agreed! A mixed economy with UBI is a happy medium; it has capitalism's innovation and economic freedom with socialism's justice and equity. Moreover, UBI reduces worker exploitation and eliminates the stigma of state assistance. You are correct that Marx didn't see this coming – how could he? But, his critique of capitalism likely influenced the development of what we have today and, hopefully, the UBI we have tomorrow.