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Thanks CEROVFC.
That TED talk was very interesting. It also talks about people seeing themselves as losers and about envy. It remindes me of the qoute of Mises.
Glad you enjoyed. I can't believe how fast the times shoots by when I hear that talk.
That's an interesting quote.
My personal thoughts is what attracts people to Marxism is:
- People living in utter / extreme poverty with no hopes of anything better (think that's what makes it popular in very under developed places)
- And in more advanced societies, I think it's the realization of how much more additional wealth helps people at the margins. Give a multibillionaire an extra $100K he doesn't get the lifestyle change out of it than someone barely able to make rent. It's a simple concept, and I think to an extent valid, but to change things the devil is int he details and very hard to implement.
I think they're both rather simple notions.