News Summary

• Karl Marx was a heterodox economist before he became an ideologue.
• Some of his ideas are powerful tools for understanding economics, even if his overall program was a failure.
• We begin with Marx’s main idea: the abolition of private property.
• How do tech bros feel about private property?
• In the AI world, capitalists don’t just take more than their share; they take the entire buffet table.
• The tech bro's solution to mass unemployment is guaranteed basic income, a handout.