[Video] Marxism vs libertarianism: the economic calculation problem

One of capitalism's oldest myths is that of the efficiency of the so-called 'free-market' and its superiority to a socialist planned economy. Defending economic planning, in this talk from the 2021 Revolution Festival, Adam Booth responds to the libertarian ideas of the Austrian School of economics, whose 'theories' amount to vitriolic support of the unrestricted rule of capital at the expense of the needs of society.

The latest issue of our theoretical magazine, In Defence of Marxism, features a detailed article on Marxism vs. Libertarianism by Adam Booth – get your copy and subscribe here.

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