I have blogged on here before about how the elite left is still obsessed with Karl Marx and thinks he should be given another chance. This fact is even more mind boggling when you consider that economically speaking Karl Marx is seen as a complete failure. A simple basic economics course will dispel any hope that Karl Marx can be successfully implemented.
He is such a failure that a couple economists are having a hard time listing his positives. To see this exchange read Brad Delongs post, Professor of Economics at UC Berkeley. He asks simply for five one-sentence bullet points listing his positives.
Tyler Cowen, Professor of Economics at George Mason University, tries to list some positives here. Although he concludes with,
Of course marxism, as a political program, remains dangerous nonsense. Marx’s blind spots were enormous, and I still cannot understand how generations of the intelligentsia were taken in by the whole thing.
Can somebody please convey this message to those liberal elites who still believe in Karl Marx?