Can Marxism and mixed market economics be combined?

Question

Can the social equality of Marxism be combined with the economic efficiency of the mixed market.

Answer 1

It's been tried with poor results. The Labour governments in Britian during the 60's and 70's nationalized certain industries. The British economy suffered as a result until Margaret Thatcher reversed course.

There will always be an attraction, by the poor and needy, to Socialist ideology, however everytime it's been tried the result is more poverty.

Answer 2

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.

Answer 3

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.

Answer 4

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.

Answer 5

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.

Answer 6

Depends on how creative you are.

In The Netherlands, for instance, the result of 8 years of social democracy and capitalism combined (1994-2002)was unprecedented economic prosperity which catapulted the country to the no.1 place in the EU.

Answer 7

marxism is a tool for understanding...not a plan for governing. Example: Marx said once you get beyond the basics,your needs are determined by the system. What would you like for Xmas? And where did that "need" come from?

Answer 8

It is against the logic of Marxism. But I still wonder what is going on in The People's Republic Of China.

Answer 9

First show me a Marxist society that practices social equality.

I believe Marx wanted the workers to control the means of production, as well.

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Answer 10

no it cant. how can you expect a company to excel if it is limited in growth and profit by the government. It sounds like you want us to answer your macro economic homework for you.