Wednesday, April 27, 2022

Karl Marx’s Wife Owned Stocks

In January 1992, at a time when he had been diagnosed with Parkinson’s disease and had lost partial control of his limbs, Deng Xiaoping went on his final mission to defend his policy of economic reforms. This was his five-week southern tour of China’s thriving coastal cities and special economic zones (SEZs). The purpose of his tour was to remind the Chinese masses that the country had benefited tremendously from his government’s economic reforms. He said that if the reforms were discontinued then China would face a Soviet-style meltdown. To counter the conservatives in the CCP, who were claiming that the reforms had led to the rise of stock exchanges which were like gambling dens, Deng said that trading in stocks was not antithetical to Marxism and Maoism. He said that even Karl Marx’s wife owned stocks—I don’t know if this is true.

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