I sat down with economic historian Phil Magness to give Karl Marx the fairest hearing we could, and then find out how his ideas took over half the world and most of modern academia. We get into:

• The historical context of Karl Marx’s writings

• Why surplus value theory made intuitive sense and why it's wrong

• How the iPhone launch disproves Marx's labor theory of value

• The unlikely story of how Lenin and the Bolsheviks took over Russia

• Stalin, Trotsky, and the "real communism was never tried" folks

• How Soviet propaganda helped resurrect Marx in the West

• Why Marx is read in every academic field… except economics

• How to minimize cost and Marxist indoctrination in college