Marxism

LIBERALISM, MARXISM, AND THE STATE Ralph Raico

Individual property rights, and freedom ofexchange. Nowhereâ€" non even In England or Americaâ€"was this system consistently realized In every aspect ofeconomic life. Yet, as the greatAustrian economic expert Ludwig von Mlses (1927, p. 1) put it, It was enough to change the countenance ofthe world, For the first time, public was able to
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 press out as the instrument ofdomination by exploiting classes that are defined by their position within the process ofsocial production, for example, the capitalists. The state Is simply the administrator committee ofthe ruling class. Sometimes, however, Marxcharacterizedthe state Itselfas theIndependentlyexploiting agent InThe Eighteenth Bnsmalre ofLouis Bonaparte, Marx consideredthe stateas it devel-

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pi starers in the theory ofrent seeking.5 For these reasons, I thInk It is worth period brieflyto sketch the views ofthese liberals.

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Class Conflict Theory and the French

doctrine Industrlaiisme.° The greatest sour on theIndustrialists was Jean-BaptisteSay. Say (1815,p.14) held that wealth Is composed ofwhat has value,and value is base on utility:
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gles between the plunderIng and theproducing classes. Feudalisi, for instance, was essentially a system fbr the spollatlon ofdomestic peasants by the warrior elite ofnoblemen. With therise oft receives in the 11th century, one may even speak of two nations sharing the acres of France: the plundering feudal elite and the productive commoners ofthe towns.

no ionger tenoen to meir own businesses ana, m me elm, naa no means ofsubsistence but the public treasury. Finally, governments, while burdening the producers with taxes, have very rarely fir. nished society with the equivalent ofthe value theyreceIved from It Sr governing (Dunoyer 1811, p. 124). The...If you want to get a panoptic essay, order it on our website: Orderessay



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