Karl Marx – Capitalism, Volume III

It is a challenge to read through the three volumes of Marx’s Capital. Few people do it anymore. Political scientists and philosophers of past generations were intimately familiar with the writings of Marx. The existence of the Soviet Union gave Marx a perpetual relevance in the politics of the era. The fall of the Soviet... Continue Reading →

Karl Marx – Capital, Volume II

It is impossible to fully recognize the genius of Marx without the acknowledgement of his absurdity. The second volume of Capital involves the circulation of capital. In this text, Marx takes socialist economics to a space where few of his adherents can travel. He explains how economic systems increase overall wealth despite a limited supply... Continue Reading →

Karl Marx – Capital Volume 1

CIRCA 1865: Karl Marx (1818-1883), philosopher and German politician. (Photo by Roger Viollet Collection/Getty Images) My mother recalls how I supported Ronald McReagan as a child. I was a young child in the eighties. When the Berlin Wall fell, I was still too young to understand its implications. I learned of the Cold War as... Continue Reading →

Werner Sombart – Why is there no Socialism in the United States

The campaign of Bernie Sanders was destined for failure. The American public has long rejected socialism as a political ideology despite its widespread embrace of social programs like Social Security, Medicare and Unemployment Insurance. The irony is redistributive programs have largely buttressed the capitalist system. They offer enough security to maintain widespread support for capitalism... Continue Reading →

Up ↑