According to all accounts, Karl Marx was not an easy person. Basically, he had the habit of making the life of all around him miserable. However, as Joseph Schumpeter (himself far from being a Marxist) loved to point out, he was extremely well read. This allowed him to build a complex economic theory focused on factory workers, without ever (or almost ever, at least) stepping into a factory. Life for a factory worker in 19th century Britain was not easy, and Marx was very able in pointing that out. His economic theory, however, was a complete failure, as Ludwig von Mises aptly pointed out.
Marxism should have died in the mid-20th century when it became clear that all socialist countries are poor and oppressive. However, it survived as cultural Marxism. People like Antonio Gramsci, Michel Foucault, Jacques Derrida, and everybody in the Frankfurt School were not interested in economics. Instead, they wanted…
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