Tyler Cowen: ‘Marx is the one theorist who has not yet been refuted’

Tyler Cowen, who usually provides sound economic analysis, writes in a strange piece in Bloomberg:

“But when it comes to China, Marx is the one theorist who has not yet been refuted. It’s the Western liberals and the Maoists who both have egg on their faces.”

Wait, what?

As we wrote in January 2014 (SEE: ‘The Truth About Karl Marx ‘ – A man of hate, extravagance and privilege):

–          Karl Marx came from a very wealthy family.

–          He was an ardent anti-semetic; he once wrote that along with capitalism, the world would also “abolish the essence of Jewry.”

–          Continually borrowed money from Friedrich Engels (“his bitch” Molyneux points out), family, friends and moneylenders. He became enraged when the bills with interest came in.

–          Never held a regular job, though he did write a lot.

–          Didn’t appreciate those opposing his viewpoints and became angry and curt with them.

–          His extravagance included alcoholism, but not hygiene. His improvidence led to the death of his three children in early childhood, but he blamed others and not himself.

–          Never paid the household’s servants, though “dear, faith Lenchen” stayed on until his death.

–          Cheated on his wife with the maid and was the father of her child – Engels claimed it was his in order to protect Marx and to save his marriage. Engels would make the confession on Marx’s deathbed.

–          Most of his relationships were self-centered and exploitive and he was mostly a misanthropic man with much disgust for the world and humanity.

In the end, his ideas led to the deaths of 100 million people.

That statistic alone suggests his theories have been refuted.