The Anticapitalists: Barbarians at the Gate | Larry Sechrest

The Mises Memorial Lecture, given by Larry Sechrest at the 2008 Austrian Scholars Conference, Ludwig von Mises Institute, Auburn Alabama; 15 March 2008.

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[Invirtuo]

I assume from your username that you are a Marxist. Marxism wasn't very successful in the USSR, I would actually go as far as too say that today's "economic chaos" is preferable than the 40 years of permo-recession in the Soviet Union.

Also, you are gravely misguided if you think any of the Austrian school's fundamental policies have been implemented in recent times.

Most economists agree that today's depression is a consequence of government failure in monetary policy

[cedricalien]

I wanna live in a capitalist country!

[TheProgressistViewer]

Yep, not one of the numerous attempts to establish a communist society succeeded. Know why? Because it's a dumb fucking idea.

[Marutan Ray]

marxism is the best ... when every man has two servents. including the servants.

[nosorog91]

It is because the True Marxism is utopia only and not really working economic system

[MinxTheRed]

Yeah, Some people can't get their head around that.

[Themsthebreaks1]

True Marxism wasn't carried out in the Soviet Union, or any country for that matter.

[Joseph Wright]

Whats the song in the beginning?

[oldoddjobs]

In a pure free market, people would become wealthy by providing gay pornography, running violent S&M clubs, selling drugs of all kinds. I personally have no problem with that - but I won't automatically respect those people merely because they have money. In a free market, a person's wealth often indicates the extent to which they have satisfied market demand - this says nothing whatsoever about the moral character of that demand.

[aseredy]

@BLUEANGEL7777777777 From what I've been able to gather, China is doing pretty well, because they've been "out-capitalisting" us. I remember seeing somewhere that they now have the largest concentration of millionaires in the world, and the poverty level has been shrinking quite fast. Not that I want to move there, but it could be a good lesson for our own wise and all seeing economic overlords. At least they might see the virtues in allowing us to keep our own property.

[Arctura42]

As do we all...