[ExI] Belief in Market Efficiency

Stathis Papaioannou stathisp at gmail.com
Sat Jan 31 07:19:59 UTC 2009

2009/1/31 spike <spike66 at att.net>:

> Yes and I am in full agreement with the commies on that.  In fact I agree
> with them up to the point when they reach for my wallet, at which time we
> have an instant and massive divergence of opinion.  If the commies will give
> up their own money according to their own abilities, giving to those who
> need, and keep their grubby paws off of my money, I have no objection to
> communism at all.
> My own version of communism would run like this:  From each according to his
> ability, to each according to his need, up to each to decide his own
> abilities and needs.

"From each according to his ability, to each according to his need" is
not the central idea of communism. If there is one central idea in
Marxist economic theory it is that the wealth of society is produced
by workers - labourers, intellectuals, managers - and, therefore, the
wealth that accrues to a capitalist must be stolen. The communist
would therefore agree with you that a person should keep the fruits of
his labour. An exception might be made on compassionate grounds for
transferring some wealth to those who are poor and unable to work, but
certainly not for transferring wealth from the workers to the rich and

Stathis Papaioannou

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