Cryptocurrency: The Breaking Point and Death of Keynes

[Zenaan Harkness]

Unpacking modern Marxism, for those who've ever felt "done over" and/or would like to get a handle on some tools to turn the tables:

   Exposing The Challenge Of Marxism
   Yoram Hazony via Quillette.com,
   https://quillette.com/2020/08/16/the-challenge-of-marxism/
   https://www.zerohedge.com/geopolitical/exposing-challenge-marxism

      … IV. The flaws that make Marxism fatal

      … while Marxism proposes an empirical investigation of the power relations among classes or groups, it simply assumes that wherever one discovers a relationship between a more powerful group and a weaker one, that relation will be one of oppressor and oppressed. This makes it seem as if every hierarchical relationship is just another version of the horrific exploitation of black slaves by Virginia plantation owners before the Civil War. But in most cases, hierarchical relationships are not enslavement. Thus, while it is true that kings have normally been more powerful than their subjects, employers more powerful than their employees, and parents more powerful than their children, these have not necessarily been straightforward relations of oppressor and oppressed. Much more common are mixed relationships, in which both the stronger and the weaker receive certain benefits, and in which both can also point to hardships that must be endured in order to maintain it.

      The fact that the Marxist framework presupposes a relationship of oppressor and oppressed leads to the second great difficulty, which is the assumption that every society is so exploitative that it must be heading toward the overthrow of the dominant class or group. But if it is possible for weaker groups to benefit from their position, and not just to be oppressed by it, then we have arrived at the possibility of a conservative society: One in which there is a dominant class or loyalty group (or coalition of groups), which seeks to balance the benefits and the burdens of the existing order so as to avoid actual oppression. In such a case, the overthrow and destruction of the dominant group may not be necessary. Indeed, when considering the likely consequences of a revolutionary reconstitution of society—often including not only civil war, but foreign invasion as the political order collapses—most groups in a conservative society may well prefer to preserve the existing order, or to largely preserve it, rather than to endure Marx’s alternative.

      This brings us to the third failing of the Marxist framework. This is the notorious absence of a clear view as to what the underclass, having overthrown its oppressors and seized the state, is supposed to do with its newfound power. Marx is emphatic that once they have control of the state, the oppressed classes will be able to end oppression. But these claims appear to be unfounded. After all, we’ve said that the strength of the Marxist framework lies in its willingness to recognize that power relations do exist among classes and groups in every society, and that these can be oppressive and exploitative in every society. And if this is an empirical fact—as indeed it seems to be—then how will the Marxists who have overthrown liberalism be able use the state to obtain the total abolition of class antagonisms? At this point, Marx’s empiricist posture evaporates, and his framework becomes completely utopian.

      When liberals and conservatives talk about Marxism being “nothing but a big lie,” this is what they mean. The Marxist goal of seizing the state and using it to eliminate all oppression is an empty promise. Marx did not know how the state could actually bring this about, and neither have any of his followers. In fact, we now have many historical cases in which Marxists have seized the state: In Russia and Eastern Europe, China, North Korea, and Cambodia, Cuba and Venezuela. But nowhere has the Marxists’ attempt at a “revolutionary reconstitution of society” by the state been anything other than a parade of horrors. In every case, the Marxists themselves form a new class or group, using the power of the state to exploit and oppress other classes in the most extreme ways—up to and including repeated recourse to murdering millions of their own people. Yet for all this, utopia never comes and oppression never ends.

      Marxist society, like all other societies, consists of classes and groups arranged in a hierarchical order. But the aim of reconstituting society and the assertion that the state is responsible for achieving this feat makes the Marxist state much more aggressive, and more willing to resort to coercion and bloodshed, than the liberal regime it seeks to replace.

      ...