macro #2

• Marx had given his soul to hell
• communism would be classified under the command economy model
• Marx argued that the capitalist game is rigged against the working class
• marx said it would ultimately self destructed
• a social economy might also be called a partial command economy
• zero sum game implies that capitalist make their money from a fixed pool of money. the profit comes at someone else's expense
• power given to workers must be checked
• people will work harder for the collective the for themselves
• Marx wrote about capital instead of making it
• primary importance to get rid of private property
• fundamental precondition to having private property is the freedom to do so
• marx believed that socialism would be the next economic phase
• "push back" or what he termed struggle
• capitalism is still the best proven method known to create wealth
• Communism is the final stage
• wealth generation we part of a zero sum game
• communist economy is also know as a complete command economy
• one weakness is that there are winners and losers in the game