timschochet
Footballguy
No, I'm talking about wealth. It does not materialize out of thin air, but out of the minds of men. Ayn Rand is the best I have ever read at explaining this, so I would recommend her writings to you, but here's an example: before Bill Gates developed Microsoft, there was no wealth that represented it. He created value in something where there was nothing before, as a result of his mind and the minds of the men who worked with him. Now Microsoft is one of the largest companies in the world, employing thousands of people. Immense wealth, created as a result of the minds of a few people free to operate within the caapitalist system.I hope you are right and that's what he was trying to say.I think he was talking about the economic growth that a capitalistic system tends to create.Interesting. How exactly does capitalism go about creating new wealth? Does it materialize out of thin air?First of all, I don't think The Communist Manifesto has planks, so this is obviously someone's interpretation.
Second, I think that if Marx lived in the United States at this time, he would not be a communist. His critique of capitalism was based on the beginnings of the industrial revolution: child labor, horrible labor conditions, a small minority owning everything, and most important of all, a fixed amount of resources and wealth. He never realized that capitalism actually creates new wealth rather than steal it.