[lbo-talk] Booyah! Marx and Engels as stock speculators (Was [lbo-talk Digest, Vol 1618, Issue 1)

Marv Gandall marvgand at gmail.com
Mon Jul 4 05:08:16 PDT 2011


On 2011-07-03, at 8:20 PM, Dissenting Wren wrote:


> There's a long history of entering the market, and there's nothing intrinsically wrong with it. Consumer cooperatives, community credit unions, union-owned financial institutions, producer cooperatives. Hell, Cornelius Castoriadis was an economist for the OECD, Harry Magdoff worked for the Department of Commerce, Michael Tanzer worked for Standard Oil, and even our distinguished host is a man with a past.

Not to mention Marx and Engels, whose correspondence reveals them to have each been avid investors in the stock market. Further to Ravi's suggestion, however, there's no indication they considered joining Barings to subvert the system "from within". :)



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