Polls show more than half of 18- to 24-year-olds in the U.S. have a negative view of capitalism. More than half have a positive view of socialism. I wonder where they got that.
I recently strolled through the New York Public Library’s “Treasures” exhibit, which would delight readers and writers alike: Charles Dickens’s writing desk, a manuscript delivered in a box from former newspaper columnist Mark Twain, draft cover art for Jack Kerouac’s novel “On the Road,” and an illustrated page from Tom Wolfe’s “The Bonfire of the Vanities” manuscript. Pretty cool stuff.
Ah look, a first edition of Adam Smith’s “The Wealth of Nations” from 1776—the free-market bible. I was in awe until I read the description: “Adam Smith believed, as did Karl Marx the following century, that national prosperity was best measured by a country’s labor power rather than by how much gold lay in its treasury.” I guess the description is technically correct, but Karl Marx? In the same breath as Adam Smith, who called free markets “the obvious and simple system of natural liberty”? Unlike Smith, Marx naively saw a static world without productivity, only labor exploitation. He completely missed that labor is more brain than brawn. Add exhibit curators to the list of socialist tub thumpers.
I wonder what Stephen Schwarzman, CEO of the rather capitalistic private-equity firm Blackstone and giver of $100 million to the New York Public Library, whose name is etched in stone outside, thinks about the Marxist agenda of the library’s curators.
Wouldn’t you know it, next to “The Wealth of Nations” was none other than manuscript notes for “Das Kapital” by Karl Marx with this description: “The work has exerted an immense and lasting influence on world events: over the past century, its ideas have not only maintained a secure place in the realm of economic and political theory, but also inspired anticapitalist revolutions across the globe.” OK, but it was a lasting negative influence. And of course there was no mention of the hundreds of millions of people impoverished and slaughtered by Marxist regimes.
The description goes on: “Karl Marx’s foundational account of capitalist production and its manifold effects on human lives still inspires argument, insight, and resistance.” Inspires?
