Karl Marx said he had discovered the scientific laws of economics.
Value came from labor.
Profit was theft.
Only central planning could build a just society.
But four Austrian economists—Menger, Böhm-Bawerk, Mises, and Hayek—tore his theory apart. 🧵
Over the objections of 83% of Americans, the FCC has voted to gift control of the internet to natural monopoly corporations. nytimes.com/2017/12/14/tec…