Identify Any Fallacies in the Following Passage Either by Naming

question 126

Essay

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
"Doesn't the fact that very few first-rank economists accept Marxist economic ideas suggest to you that there may be something wrong with those ideas?"
"Not at all. Those economists are all tools of the ruling capitalist parties. I dismiss their views out of hand."

---

Definitions:

Convertible Bond

A type of bond that can be converted into a predetermined number of shares of the issuing company's stock.

Cash Payments

Transactions in which the purchaser pays for a good or service using physical currency or through immediate digital transfer of funds.

Dividends

Payments made by a corporation to its shareholder members, usually as a distribution of profits.

Junk Bonds

High-risk, high-interest bonds issued by companies or entities with lower credit ratings, considered to be below investment grade.