Law and Economics shows that Marxist Dialectical Materialism
Supports Reasonable Capitalism
In the Communist Manifesto, Karl Marx states that all economic activity is based upon Dialectical Materialism. Now, of course Dialectical Materialism cannot mean merely physical forces, otherwise, dialectical materialism would just involve physical weather patterns, or some such thing, which really does not make much sense economically. Instead, we can see that "Dialectic" is a sort of process which involves various daoist or dialectical relationships. Thus, it is apparent that Dialectic Materialism, when applied to economics, involves the following relationships:
The Dialectic of Supply and Demand.
The Dialectic of Buyer and Seller.
The Dialectic of Wisdom and Ignorance.
The Dialectic of Good and Evil.
The Dialectic of Male and Female.
The Dialectic of Ying and Yang.
The Dialtectic of the Reasonable and the Unreasonable.
Given the foregoing, we can see that a command and control type, centrally planned economy violates the principle of Dialectical Materialism. Thus, we can see that the idea Supply Side Economics, put forth by Ronald Reagan is stupid and non-dialectic. You see, without the notion of Demand, it would seem that government would use coercive force to inauthentically tell people what to buy or want, or even need, rather than the real thing. Supply Side Economics involves only one side of the Dialectical relationship of Supply and Demand, and therefore violates communist economic principles as well as capitalist economic principles. Of course, instead of selfish and stupid short term profit maximization as a business or corporate goal, the end of business, or corporate, or economic activity should be to produce a reasonable profit, using reasonable management practices.
(C)Copyright 2011 by Anthony J. Fejfar
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