The Best of the Funny Economist: Randy Parker Schmuck Hall of Shame: Karl Marx

This ladies and gentlemen is Karl Marx. His thoughts have dominated how resources are allocated through much of the world over the last 100 + years or so. It is there where you will find the greatest enslavement of mankind and the worst of the human condition. For this Marx is forever on the top shelf of the Randy Parker Schmuck Hall of Shame. But you know who is even more in Schmuck Hall of Shame infamy? Any schmuck who believes any of the garbage he wrote. If that is you...then you are a schmuck too. You have the empirical record to show what garbage it is, think Stalin, Mao, Kim Jong Il, Pol Pot and other darlings of history that have made the world so much better for their fellow man. At least Marx only had a belief and a theory and croaked before it was fully tested. You know better and still believe. So now we have the best economics that the Departments of English, Foreign Languages and the Halls of Harvard Law School have to offer.

http://en.wikipedia.org/wiki/From_each_according_to_his_ability_to_each_according_to_his_need

Thus quoteth Marx "In a higher phase of communist society, after the enslaving subordination of the individual to the division of labor, and therewith also the antithesis between mental and physical labor, has vanished; after labor has become not only a means of life but life's prime want; after the productive forces have also increased with the all-around development of the individual, and all the springs of co-operative wealth flow more abundantly—only then can the narrow horizon of bourgeois right be crossed in its entirety and society inscribe on its banners: From each according to his ability, to each according to his needs!"

Perhaps this is the new way we will soon allocate scarce resources in the U.S.