In 1989 Robert Heilbroner, a distinguished quasi-marxist economist famously wrote in The New Yorker:
Less than 75 years after it officially began, the contest between capitalism and socialism is over: capitalism has won… Capitalism organizes the material affairs of humankind more satisfactorily than socialism.
In a sense, to their lament, the marxists are not at all relevant. Here Rothbard prophetically addresses the confused intellectuals about what would be the next statist threat: “The coming struggle will be over interventionism, some kind of statism quasi-fascism… but the full socialism has had it.”
In 1992, Robert Heilbroner continued to explain the facts of life:
Capitalism has been as unmistakable a success as socialism has been a failure. Here is the part that’s hard to swallow. It has been the Friedmans, Hayeks, and von Miseses who have maintained that capitalism would flourish and that socialism would develop incurable ailments. All three have regarded capitalism as the ‘natural’ system of free men; all have maintained that left to its own devices capitalism would achieve material growth more successfully than any other system. From [my samplings] I draw the following discomforting generalization: The farther to the right one looks, the more prescient has been the historical foresight; the farther to the left, the less so.
And so it is with that I would like to introduce the following reading list for those who have asked several questions about Marxism and what it actually entails, since unfortunately they continue to stick around.