Chapter
Will We Live Out Marx's Vision for Utopia or Run into a Wall with Capitalism?
1:26:51 - 1:32:19 (05:27)
The podcast explores the question of whether human civilization on Earth will live out Marx's utopian vision or hit a wall with capitalism. The speaker challenges the neoclassical interpretation of scarcity, discussing how it has been perverted to fit the needs of the ruling class.
Clips
The podcast discusses whether Marx's vision for a utopian society will eventually be realized in the future, and whether capitalism will reach a point of exhaustion.
1:26:51 - 1:28:51 (01:59)
Summary
The podcast discusses whether Marx's vision for a utopian society will eventually be realized in the future, and whether capitalism will reach a point of exhaustion. The hosts explore how scarcity and the possibility of colonizing other planets might affect the evolution of capitalism.
ChapterWill We Live Out Marx's Vision for Utopia or Run into a Wall with Capitalism?
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
The concept of scarcity, as understood in economics, has been perverted by neoclassicals, making us think of it as non-reproducible, but some exceptions to capitalism, such as economics on Mars, can change the rules.
1:28:51 - 1:32:19 (03:28)
Summary
The concept of scarcity, as understood in economics, has been perverted by neoclassicals, making us think of it as non-reproducible, but some exceptions to capitalism, such as economics on Mars, can change the rules.