I remember reading a passage by Lev Davidovitch Bronstein--the introduction to _The Living Thought of Karl Marx_ if I recall correctly--in which he wrote that Marx's theory was one of relative immiserization during booms and absolute immiserization during depressions, all adding up to absolute immiserization in the long run. Bronstein was not around during the Cold War, due to a certain incident with a pickaxe.
The "immiserization thesis" predates the Cold War by a hundred years. Why do you falsely claim that it is a legacy of the Cold War?
> > > > While the absolute immiseration thesis has turned out largely wrong -
>> >
>> >I'm not aware of Marx putting forward an "immiseration" thesis
>
>> *Sigh*
>>
>> You should then go read _Wage-Labour and Capital_:
>
>It is true that in WL&C and the Communist Manifesto Marx said that wages
>tended to the level of bare physical minimum...
>
>--Lew
Ah. So you were aware that Marx put forward an "immiserization" thesis. Why did you falsely say that you were not?
That's two strikes...
Brad DeLong