Marxism as an economic theory failed most as soon as the mewling babe was out of the crib. In a piece reprinted in the Epoch Times by permission from The Daily Signal, a publication of The Heritage Foundation – “The Coup in Search of a Philosophy” -- Surse Pierpoint tells us: “In 1925, John Maynard Keynes dismissed Marx’s ‘Capital’ as an obsolete economic textbook that no serious economist would still assign. He was not being contrarian. By the time he wrote that, the marginal revolution of the 1870s had already done the intellectual work: Jevons, Menger, Walras, and later Wicksteed, Marshall, and Böhm-Bawerk had dismantled the labor theory of value that Marx’s entire economic system rested on. Among economists, the argument was over, and Marx had lost it.” Henry Ford is reported to have said about history, “History is bunk.” Shortly after Das Capital had been loosed on the world, economic “experts” pronounced Marx’s theory of value -- bunk. In years...
go home from us in peace. We seek not your counsel or your arms. Crouch down and lick the hand that feeds you;
may your chains set lightly upon you, and may posterity forget that ye were our countrymen!"
--Samuel Adams