Can Marxism and mixed market economics be combined?
Karl Marx thought that the market was the middle step to achieving his utopic society. The problem is that markets run better with specialized labor – ie engineers versus nannies – not everyone can do the same job and nor would it be efficient. Equality would come when someone who cleans the bathrooms would be valued as high as someone that designs buildings or when schooling becomes free. There are so many barriers to entry in do many fields that equality in labor may never happen.
That’s tough to say, but possible. Marxist social equality is an end and market economics is a means, so you could combine them, but there’d need to be some management. Although it’d be difficult to pull off because Marxist theory doesn’t believe in the development of wealth (it’s considered exploitation), while economic efficiency DEPENDS on wealth creation to a great extent. So you’d have to temper it out there.
I think Marxism in its doctrine sense of the term is dead. The spirit could have lived on though, in a much different sense than polemic of communism. If you interpret it this way, then using the true philosophical guild of Marxism and go ahead write a new equality Adam (or rather Keynesian) economy. On another thought, I think that the humanitarian sense of Marxism lives on as it intervened in market economy, the evidences of which making labour union and had reduced labour hours to eight a day at present. Go on and develop it further.
Maybe in an entirely global mixed market and marxism world in every aspect including thinking otherwise the immediate benefits of a capitalistic free market competitive world and the motivation it gives for individual excellence in life, business and wealth creation would percolate into the marxist region and demotivate the marxist. It has happened before. The world has to be blind to any alternative. It was a beautiful sounding theory but it cant work.
