Marx’s flight from reality was the wish to have all that capitalism, division of labor, and competitive exchange can produce, but without the cost of work, discipline, specialization, and selecting among alternatives.
Marx’s critique of capitalism and capitalist society has shaped much of the social thinking in Western countries that led to the welfare state and extensive government intervention into economic affairs. And it served as the ideological banner that inspired the socialist and communist revolutions of the twentieth century – beginning in Russia in 1917, and still retaining political power today in such countries as Cuba, North Korea, Vietnam, and China.
“a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government…”
On collectivist myths and racial prejudice
A dark time is threatening America with the Trumpian ideology and implementation of his vision of political and economic nationalism at the expense of individual liberty, private property rights, rule of law and constitutionally limited government.
The nineteenth century victory of free trade over Mercantilism and Protectionism represented one of the great triumphs in the history of classical liberalism.
David Ricardo (1772-1823) was one of the most influential economic theorists of the first half of the nineteenth century.
This escape from poverty originated in Western Europe in the eighteenth and nineteenth centuries with the coming of the Industrial Revolution and the freeing of men and markets from the heavy-handed regulations and commercial restrictions of government.