Brilliant dissection of Karl Marx’s anti-capitalist argument
Why was Marx wrong by Lawrence Eubank is a scholarly and scholarly examination and refutation of Karl Marx’s book, who was highly critical of capitalism, Capital: A Critique of Political Economy. The 500 pages of Eubank’s book are intended to serve as a convincing argument pointing out the inaccuracies in Marx’s reasoning and his central charge that capitalism serves to enrich capitalists by “exploiting workers, by extracting money. unpaid ‘surplus value’ from them. “That’s exactly what Why Marx Was Wrong does, thoroughly disproving Marx’s central argument.
To fully refute Karl Marx’s argument and point out the philosophical rottenness inherent in it, Lawrence Eubank takes a look at many of Marx’s statements in his own work and explains why each of them is wrong. To help support his point-by-point refutation of Marx, Eubank quotes other authors who have a similar pro-capitalist perspective.
Eubank begins why Marx was wrong by pondering why millions of people around the world still believe that Marx’s central argument is valid, even after, as Eubank puts it, “the total collapse of communism.” He adds that Marx’s central argument against capitalism is still widely believed, “even in countries that were never subject to communist rule.”
Lawrence Eubank cleverly breaks down Karl Marx’s central argument in Why Marx was wrong, beginning by noting that even in the first sentence of Marx’s book, he relies on “unspoken assumptions” to make his case against capitalism. In other words, you make certain assumptions even in the first sentence of your book and expect your readers to blindly accept them as established facts, without backing them up to add credibility to your argument.
The first sentence of Karl Marx’s book Capital: A Critique of Political Economy it deals with the assumption that “The wealth of those societies in which the capitalist mode of production prevails, is presented as ‘an immense accumulation of commodities’, its unity being a single commodity.” Marx, taking that assumption as an accurate statement of fact, then writes that “Our investigation must therefore begin with the analysis of a commodity.”
Both Karl Marx and Lawrence Eubank write about economic systems that have been tried, tested, and have supporters and detractors who often support or oppose one or the other point of view without really knowing the basic principles and arguments that have been made for and against. against capitalism and communism. That could be due, at least in part, to the rather dry nature of the economy, in general, although it is an extremely interesting topic for people who want to know more about the various economic policies followed by countries around the world and why certain countries. seem to be more financially successful than others.
One of the most entertaining comparisons Lawrence Eubanks makes is between Marx’s reasoning and Adam Smith’s. The author considers Marx’s theory of work to be typical of “paranoid conspiracy theories”, while Smith’s theory, which he writes is more of a “work, income, and profit” theory, is based on observation of facts. Eubank calls Smith “a scientist or fact-finder” and Marx “a medieval scholastic.”
In Why Marx Was Wrong, author Lawrence Eubank takes various assumptions that Marx has made and criticizes them, point by point. Through this way of critiquing Marx’s central argument, he probably makes the subject as entertaining as possible, although reading 500 pages of a refutation of Marx’s argument requires a commitment to wanting to know the exact details of why Marx’s reasoning. Marx is flawed. For anyone who has ever been interested in economic theories and / or wondered why Marx’s central argument against capitalism has continued to persist, Why was Marx wrong is a must read.