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Richard Reed's avatar

The second least regarded postulate of M&E is the declining rate of profit, a consequence of the labour theory of value (also on the capitalist poo-poo list). I'm certain this exists, but I agree that things SLOWLY getting tighter do not guarantee socialist revolution. Witness the frog in the frying pan. There are all kinds get-outs, not just Keynes, although I think Starmerism in the UK is missing a trick here. There are technological 'revolutions' that temper the effect. Most obvious, though is more blunt: the march to autocracy. Putin is not alone here, in case you weren't looking. I hope for the best that Democratic Socialism best fits human nature, but I keep getting reminded that it just isn't as exciting as going to war for many of us.

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Steve Cohen's avatar

We need to also take note of the decreasing contemporary appeal of science.

When Engels used the term, "science" was the very essence of modernity. And in his conception it was akin to Newton's laws of motion and other concepts of that era. Marx and Engels were claiming to have found the laws of motion of the political economy. But their schema was founded on their dogma, not on any observed reality. To be sure, there were revolts of the masses here and there, but they did not lead to the types of revolution that might have succeeded in achieving M&E's goals. And while it was true that the workers' struggles and parliamentary strategies of the German Social Democrats had more reality to them than the dreaming of the utopians, Marxian Hegelianism wasn't science, it was teleology. It assumed some end state that things were moving toward.

And that was then, when "science" was thought to be the very essence of modern thinking.

Modern science has moved beyond Newtonian physics and become a much less deterministic mode of thinking. The Big Bang Theory was adopted as gospel but has now been called into question by data from the Webb telescope and others. And medical science has of course taken a beating in recent years becoming a villain of "culture wars".

I would say both that

1) Marxian "scientific socialism" was always a bit of a stretch and

2) "Science" in general has lost some its public appeal so why bother trying to claim that mantle?

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