What is it about?
It can be said that liberal capitalism is the model that externalizes the social and environmental costs associated with economic market activity as it is an economy only model since traditional market thinking a la Adam Smith assumes externality neutrality assumptions when at work. It can be said that red Marxism is the model that externalizes the economic and environmental costs linked to social market activity as it is a socially only model since red socialism a la Karl Marx assumes too externality neutrality assumptions when functioning. The same way we can envision the cost externalization structures of green Marxism and of yellow Marxism as one model is the environment only model and the other model is the society and environment only model. Hence, the different Marxism threats to liberal capitalism are linked to specific cost externalization structures, which when effective they become the point of entry that lead to a flip from liberal market pricing structures to specific Marxism market pricing structures as this goes one to one with the flip in paradigm structures from liberal capitalism to different forms of Marxism. And this raises the question: How to link cost externalization theory with Marxism threat theory to point out all possible types of Marxism threats to pure capitalism? What are the implications of this? The goal of this paper is to provide answers to those questions.
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Why is it important?
The paper uses cost externalization theory, social cost externalization, environmental cost externalization and socio-environmental cost externalization as the point of entry for red marxism, green marxism, and yellow marxism against capitalism and flip it.
Perspectives
This is one outside the box view of how you can frame marxism vrs capitalism dynamics through cost externalization theory.
Mr. Lucio Muñoz
Independent QLC researcher
Read the Original
This page is a summary of: Sustainability thoughts 191: How to link cost externalization theory with Marxism threat theory to point out all possible types of Marxism threats to pure capitalism?, International Journal of Management Studies and Social Science Research, January 2024, Origins Journal Publication [OJP],
DOI: 10.56293/ijmsssr.2024.4923.
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