The Common Pitfall of Marxism & Capitalism

“ While theories of Karl Marx saw the non-corporate economy, including family farming, as private capitalist, the capitalist theories did not see it as either capitalist or socialist but saw it as just a transient reality moving towards demise. This is where theories of both Marx and Market proved wrong. In theory and practice, small farms and small businesses were neither socialist nor capitalist.”

From ‘Deng Xiaoping Devised What was Suitable for Mainland China’ by S Gurumurthy

http://www.newindianexpress.com/columns/Deng-Xiaoping-Devised-What-was-Suitable-for-Mainland-China/2015/02/20/article2677556.ece

Human activity is based in the ‘needs’ of the individual, and the reflected ‘interests’ in the mind of the individual, the process depending on the culture, heritage, & the unique dimension of the individual. Like the Pauli’s exclusion principle in Quantum Mechanics that ‘No two electrons are alike’, no two human beings are alike at the micro-social level. This key aspect might have escaped the attention of the both Marxist & Capitalist macro-economic theories.

      Every human activity is multidimensional from which the revenue generation cannot be separated out, and dealt as an independent activity, another aspect that might have escaped the attention of the both Marxist & Capitalist macro-economic theories. Interestingly, a significant source of Karl Marx writings was Adam Smith, suggesting a common pitfall. (http://www.jstor.org/discover/10.2307/2662349?sid=21105400861431&uid=3738328&uid=4&uid=2&uid=70&uid=2129 )

      Hence the ‘appropriation of the surplus product’ dealt in ‘Das Capital’ & ‘Theories of surplus-value’, deserves further research, taking into account the above identified short falls. The starting point may be ‘ Is globalization a new Marxist Avatar? (Or Heterogeneous Societies and the Mode of Production)’  in http://tamilsdirection.blogspot.in/2014/11/normal-0-false-false-false-en-us-x-none_18.html  post dt. December 4, 2013.

The writings of S Gurumurthy, especially those relating the ancient wisdom to the modern problems, have many valuable inputs to take up the above research. I am willing to share my expertise for such an open minded & intellectual honest research.