QotD: "Karl Marx thought market competition would drive down profits, thus necessitating ever greater exploitation of workers. But in fact, real average global income per person rose by factor of 10 over the last 200 hundred years."

"Karl Marx thought market competition would drive down profits, thus necessitating ever greater exploitation of workers. But in fact, real average global income per person rose by factor of 10 over the last 200 hundred years." 

        ~ Marian Tupy, from his article 'Free Enterprise Is Making the World Better'

RELATED READING:

• Classical Economics vs. The Exploitation Theory - George Reisman, MISES INSTITUTE
• Labour and Capitalist Exploitation: Böhm-Bawerk and the Close of Marx’s System - GP Manish & Cassidy Counter, MISES WIRE
• Marxism/Socialism, a Sociopathic Philosophy Conceived in Gross Error and Ignorance, Culminating in Economic Chaos, Enslavement, Terror, and Mass Murder: A Contribution to its Death - George Reisman, AMAZON

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