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Lars P. Syll — Marx predicted the present crisis – and points the way out

Summary:
Self-identified "erratic Marxist" Yanis Varoufakis. He absolutely and totally understands Marx and Engels' fundamental assumption (freedom and happiness) and method (engagement). Most either miss this or obscure it intentionally.  Psychologist Erich Fromm got it in his Marx's Concept of Man (1961). He begins the work with a section entitled,  The Falsification of Marx's Concepts, which reveals the caricature of Marx that has been created as a straw man to attack. Like the anarchists whom Marx opposed and debated with, he was a libertarian of the left that looked forward to humanity transcending oppression based on class structure and class rule.  Between demonizing Marx and glorying him, the middle way is to see his work for what it is and the assumptions on which it is

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Self-identified "erratic Marxist" Yanis Varoufakis. He absolutely and totally understands Marx and Engels' fundamental assumption (freedom and happiness) and method (engagement).

Most either miss this or obscure it intentionally. 

Psychologist Erich Fromm got it in his Marx's Concept of Man (1961). He begins the work with a section entitled,  The Falsification of Marx's Concepts, which reveals the caricature of Marx that has been created as a straw man to attack.

Like the anarchists whom Marx opposed and debated with, he was a libertarian of the left that looked forward to humanity transcending oppression based on class structure and class rule. 

Between demonizing Marx and glorying him, the middle way is to see his work for what it is and the assumptions on which it is based. While the significance of Marx and Engels  is mostly historically now, they are also two of the giants on whose shoulders we stand, like it or not.

But bourgeois liberalism expressed through various forms of capitalism views that degree of honest inquiry as threatening, just as monarch and aristocracy correctly viewed advocates for bourgeois liberalism and their works as threatening to what is now the old order.

As with all that have gone before who have contributed to the endowment of knowledge, the intelligent approach is learn from Marx, both positive and negative, and to adapt this to contemporary conditions and the opportunities and challenges they present.

Lars P. Syll’s Blog
Marx predicted the present crisis — and points the way out
Lars P. Syll | Professor, Malmo University

See also

The tractability hoax in modern economics

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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