Originally Posted by
Brian Rush
Only sort of. He was off IMO on the labor theory of value and also he divided classes too strictly and absolutely. He was historically proven wrong in his failure to anticipate the possibility of significant reform. It was very good for a first attempt.
On the class divide -- small-scale entrepreneurs whose profit is their modest living are not exploiters as such. Marx failed to recognize the potential ascendancy of bureaucratic elites capable of exploiting workers without owning assets. The peasant farmer rarely has the means with which to exploit labor.
I associate Marx' failure to anticipate reform within capitalist systems with elected legislatures as a failure to predict conflicts within ownership classes.
The greatest evil is not now done in those sordid "dens of crime" (or) even in concentration camps and labour camps. In those we see its final result. But it is conceived and ordered... in clean, carpeted, warmed and well-lighted offices, by (those) who do not need to raise their voices. Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern."
― C.S. Lewis, The Screwtape Letters