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When even Vogue is hailing Marx you need to subscribe to Reaction for £36

BY Iain Martin | iainmartin1   /  13 May 2018

Whenever I’m asked why a small group of us started Reaction almost two years ago I’ll explain that we – the Reaction team and writers – do it because we like it and hope readers do too.

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A major part of what we’re about at Reaction is being anti-Marxist. Why? Somehow one of the worst sets of ideas in human history is back in fashion despite all the evidence that Marxism always leads to tyranny and economic disaster.

Think tanks do their thing explaining and preaching the case against, and good luck to them. But the media – driven by the market discipline of entertaining readers and finding new audiences with a mix of subjects – is one of the key places where the latest battle of ideas will be fought and won, or lost if we are not careful.

Anyway, I have rarely seen a more perfect illustration of the terrifying reach of newly fashionable Marxism than this piece published in Vogue last week. 

In it, a young writer interviews two Marx scholars who explain how they are spreading the word about violent capitalism and the need to abolish profit and private property. A new generation is being taught Marx’s magical thinking, in which Marx dreamt that an alternative to the commercial means of exchange will magically flower.

Marx hated profit – or the surplus – saying that it all goes to wealthy people. But as Adam Smith explained, that profit is redeployed, either as consumption – fuelling employment and growth – or in investment in expansion and new ventures, which if done well improves productivity and prospects for the wider population. The pursuit of profit within the law spurs innovation, invention and growth. It is imperfect – it involves human beings who make mistakes – but ultimately it is a virtuous circle that is the greatest destroyer of poverty known to mankind.

What happens when Marxism is tried? Catastrophe, every time. It quickly becomes unpopular,meaning suppression is required to crack the heads of those advocating economic freedom.

And yes, that is a piece in Vogue – that is Teen Vogue aimed at young readers – which is owned by Conde Nast, a firm that is about as capitalist as they come. When even Conde Nast is publishing pieces promoting Marxism, the madness has gone mainstream.

Have a read of it, and if you think pro-market commentary is worthy of support consider subscribing to Reaction.

Thank you for reading.

Iain Martin,

Editor and Publisher, Reaction.