... Marx may have been right in his theory of economic determinism - TopicsExpress

... Marx may have been right in his theory of economic determinism (!) in his view that technology determined (!) the nature of society... Where he erred (!) was in his ability to forecast how technology would evolve... the twists and turns that modern technology has taken from computer-driven manufacturing to genetic engineering. It is these changes, in the end, that doomed socialism. Joe Stiglitz, Wither Socialism (1994) They Gave Joe Stiglitz The Nobel Prize For THAT!!!

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