Marx was often wrong on factual and theoretical grounds, and his prophecies and prescriptions were a disaster. His critique of capitalism in democracies, however, offers useful insights about ironic political coalitions; interest groups and collective action; and rent seeking and antitrust.
Michael C. Munger is Senior Fellow and former co-editor of The Independent Review at the Independent Institute, and Professor of Political Science, Economics and Public Policy and Director of the Philosophy, Politics, and Economics Program at Duke University.
Twitter      Email
Bureaucracy and GovernmentBusiness and EntrepreneurshipCulture and SocietyEconomic FreedomEconomic PolicyEconomistsEconomyEuropeGovernment and PoliticsGovernment PowerGovernment Waste/PorkInternational Economics and DevelopmentLaw and LibertyPhilosophy and ReligionPolitical TheoryPublic ChoiceSocialism, Communism, and Collectivism
Other Independent Review articles by Michael C. Munger
Summer 2023 Solving Social Dilemmas: Ethics, Politics, and Prosperity
Summer 2023 Stealth Lobbying: Interest Group Influence and Health Care Reform
Spring 2023 The Bright and Shiny Soul of Geoffrey Brennan (1944–2022)
[View All (74)]