“The world would not be in such a snarl, had Marx been Groucho instead of Karl.”

Last update June 3, 2021. History

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Irving Berlin 6
American composer 1888–1989

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“The worst that Marx had claimed was that the system would destroy itself; what Hobson suggested was that it might destroy the world.”

Source: The Worldly Philosophers (1953), Chapter VII, The Underworld of Economics, p. 188
Context: The book was called Imperialism; it was a devastating volume. For here was the most important and searing criticism which had ever been levied against the profit system. The worst that Marx had claimed was that the system would destroy itself; what Hobson suggested was that it might destroy the world. He saw the process of imperialism as a relentless and restless tendency of capitalism to rescue itself from a self-imposed dilemma, a tendency that necessarily involved foreign commercial conquest and that thereby inescapably involved a constant risk of war. No more profound moral indictment of capitalism had ever been posed.

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“With the unleashing of a mighty clash of peoples, the bourgeoisie is playing its last card and calls forth on the world scene that which Karl Marx called the sixth great power: the socialist revolution.”

Benito Mussolini (1883–1945) Duce and President of the Council of Ministers of Italy. Leader of the National Fascist Party and subsequen…

As quoted in Three Faces of Fascism: Action Française, Italian Fascism, National Socialism, Ernst Nolte, New York: NY, Holt, Rinehart and Winston (1966) p. 156. Opera Omnia di Benito Mussolini, V, p. 121
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“The Fabians laid the groundwork for modern social democracy, and their influence on the world would end up being at least as powerful as that of Marx.”

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“If the world had attended me after World War II, it would have been united within seven years, and there would have been no suffering of the Unification Church and no damage to the democratic world.”

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“The world probably would have been much better off had macroeconomics never been devised.”

Robert Higgs (1944) economist

" Is Macroeconomics Really Economics? http://blog.independent.org/2013/08/14/is-macroeconomics-really-economics/," The Beacon (Independent Institute, 14 August 2014).
Context: The world probably would have been much better off had macroeconomics never been devised. Although I have in mind Keynesian macroeconomics above all, I include other types of macro models as well. I even include, somewhat reluctantly, the whole quantity theory approach descended from David Hume to the Friedmanites, now known as monetarism. … In short, among its many other deficiencies, as spelled out by Mises and his followers, monetarism’s most fundamental flaw is identical to the most fundamental flaw of Keynesian, Post-Keynesian, New Classical, and other theories advanced by macroeconomists during the past seventy or eighty years: not only does the theory leave out critical variables, but it is too simple, being expressed in huge, all-encompassing aggregates that conceal the real economic action taking place within the economic order.

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