A solid overview of Marx's life, but I left the book wondering more about who he was...there was something missing about the core drive internal to Marx that just didn't quite come out in the book. I was also surprised about how much I disagreed with Marx on the diagnosis, not just the solution. Reading about dialectical materialism from the perspective of a dematerialized 21st-century economy in which employees of Nvidia, Google and Meta dominate the small factory owners of middle America, it's clear that there are severe limitations to the Communist perspective on what late-stage capitalism would look like. Thinkers like Romer + Nordhaus - the Growth Theorists - provide a much more compelling way of thinking about the contributions of ideas (as concrete economic entities) to the economy, which Marx completely missed.
Influenced so heavily by Hegel (and to some extent Goethe), Marx was a brilliant thinker and certainly a Prophet of Modernity given the impact communism and socialism has had in the 20th century. By focusing on materialism rather than idealism, he concretized many policies and was an effective theorist for his time. In many ways, he took Hegelian theories from the academy into the revolutionary world in an almost Faustian manner - especially with respect to the end of Part II, and to the very essence of a dead academy in the prologue, it's almost a direct application of Faustian striving to the material world.
But he really did miss the full lifecycle of capitalism - the way that design and development precede production - and so was unable to fully appreciate the role of an Idea Factory and the way in which intellectual labor ultimately played an important role in long-term economic success. Put another way, he appropriately understood certain elements of microeconomics, but totally missed out on macroeconomics (or perhaps metaeconomics) in terms of the second and third order dynamics. In an ultimate irony, he missed the Hegelian nature of the economy - the idea that change is not cyclical but teleological and progressive, that each era inherits its Weltgeist from its ancestors, and therefore "no man steps in the same river twice, because it's not the same river and he's not the same man." Far from being dialectical, Marx's view of the economy is fundamentally stagnant - a static ecosystem of competition on a fixed field of battle.
Compared to Progress and Poverty (which Marx read towards the end of his life when his thinking had fully ossified), Marx's diagnosis and solutions fall flat in our world of material abundance and spiritual destitution. Fundamentally, materialism overcorrects towards Goethe's "atoms" (Tat) and ignores the critical contribution of Hegel's "bits" (Geist). Though ironically, as we progress towards reindustrialization and reversing the dematerializing trends of the last 50 years, there may be more to learn from Marx than there has been - in today's era of cheap bits and expensive atoms, Baumol's cost disease seems to be forcing us back into a materialist worldview in which energy is as important as information in creating the next generation of world-changing technologies.
Marx would argue that the "Bits" (law, religion, philosophy, culture) are just a byproduct (the superstructure) of how we organize the "Atoms" (the base). He asserts that you cannot fix the bugs in the software (society) without rebuilding the hardware (the material economy), no matter how expensive or difficult that hardware is to change. And we will see whether he's right.
Some miscellaneous thoughts:
1. Engels played a critical role as the evangelist, the one able to take Marx's crazy ideas and actually simplify them for consumption.
2. Marx was a crazy hard worker - even in poverty, he worked 12-hour days at the British Museum. He was very much a believer in vast differences in ability.
3. The alienation of abstraction is a more general form of the alienation of capitalism. It's abstraction, not labor, that creates alienation.
4. Marx believed that it is the productive aspect, rather than the consumptive aspect, of human life is what gave it meaning.
5. In the struggle between labor + capital, Marx seems to have missed the competition between companies and over-emphasized struggle between classes of labor.
6. Baudrillard dominance: "Money for instance, which played a progressive role in the days of liberation from barter, has now become an absolute object of pursuit and worship for its own sake, brutalising and destroying man, whom it was invented to liberate."
7. Marx believed in the superiority of economic revolution to political revolution - politics downstream of economics vs politics as upstream.
8. It's hard to think of robots as slaves, although historically people thought of slaves as robots - also wild that slavery was still alive and well.
9. Money as a battery for human labor.
10. Completely missed productivity as a driver of profit: 'The more machinery replaces human labour, the lower the rate of profit is bound to fall, since the rate of profit is determined by living human labour, not by machinery.'
Great Quotes:
1. 'Like many great men he liked flattery, and, even more, total submission'
2. 'Against democrats only soldiers are any use'
3. 'In other words, he foresees neither Fascism nor the welfare state.'
4. 'His mode of life had scarcely changed at all. He rose at seven, drank several cups of black coffee, and then retired to his study where he read and wrote until two in the afternoon. After hurrying through his meal he worked again till supper, which he ate with his family. After that he took an evening walk on Hampstead Heath, or returned to his study, where he worked until two or three in the morning.'
5. 'He was fond of poetry and knew long passages of Dante, Aeschylus and Shakespeare by heart. His admiration for Shakespeare was limitless, and the whole household was brought up on him: he was read aloud, acted, discussed constantly.'
Post-Discussion:
One thing that I missed about Marx in the book was his definition of alienation - in this way, he was far more of an anarchist than I realized, probably because Lenin and the Soviets became the broad manifestation of Marx's ideas. He viewed the division of labor as the root of all evil, the thing that initially forced men to narrow their scope and specialize. A key concern, represented in his thoughts on money, was the idea the abstraction creates alienation. I didn't quite understand the comparison to Dante's belief in divine love, but Marx really thought that work was profoundly meaningful - and that the enjoyment of the fruits of one's own labor was the highest ideal. In this sense, I agree with him more than I expected - and worry quite a bit more about the coming alienation which AI may bring about as we go through the second fundamental shift in the means of production. Though AI will also make individual sovereignty more possible, as it democratizes knowledge, it will also apply the productive logic of the factory to research, design and development. For Marx, work was the substrate that provided meaning, and anything else was at best a temporary salve and at worst a malicious manipulation. It may be productive to work at a pin factory, but it will never provide the meaning that making pins for ones own use may be able to. As always, discussing a book can leave one with more thoughts than just reading it.