Was Karl Marx right?

It is difficult to say whether Karl Marx was right in his predictions about the eventual collapse of capitalism. While many of the issues that he identified, such as exploitation and inequality, continue to be relevant today, the exact course of history has not unfolded exactly as he predicted. However, Marx’s critique of capitalism remains an important and influential perspective in understanding the dynamics of the economy and society.

It’s important to note that Marx’s ideas were developed in the 19th century and were based on the conditions and experiences of that time. As such, they may not be applicable or relevant to the complex and rapidly-changing world of the 21st century. Additionally, Marx’s theories were not intended to be predictive or prescriptive, but rather were meant to provide a critical analysis of capitalism and its effects on society. While some of Marx’s ideas have been challenged by events and developments in the world, his theories continue to be a valuable source of insight and debate in the fields of economics and political science.

Karl Marx Was Right

By Chris Hedges

 

Karl Marx exposed the peculiar dynamics of capitalism, or what he called “the bourgeois mode of production.” He foresaw that capitalism had built within it the seeds of its own destruction. He knew that reigning ideologies—think neoliberalism—were created to serve the interests of the elites and in particular the economic elites, since “the class which has the means of material production at its disposal, has control at the same time over the means of mental production” and “the ruling ideas are nothing more than the ideal expression of the dominant material relationships … the relationships which make one class the ruling one.” He saw that there would come a day when capitalism would exhaust its potential and collapse. He did not know when that day would come. Marx, as Meghnad Desai wrote, was “an astronomer of history, not an astrologer.” Marx was keenly aware of capitalism’s ability to innovate and adapt. But he also knew that capitalist expansion was not eternally sustainable. And as we witness the denouement of capitalism and the disintegration of globalism, Karl Marx is vindicated as capitalism’s most prescient and important critic.

In a preface to “The Contribution to the Critique of Political Economy” Marx wrote:

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David Simon: ‘There are now two Americas. My country is a horror show’

The creator of The Wire, David Simon, delivered an impromptu speech about the divide between rich and poor in America at the Festival of Dangerous Ideas in Sydney, and how capitalism has lost sight of its social compact. This is an edited extract

The last job of capitalism – having won all the battles against labour, having acquired the ultimate authority, almost the ultimate moral authority over what’s a good idea or what’s not, or what’s valued and what’s not – the last journey for capital in my country has been to buy the electoral process, the one venue for reform that remained to Americans. Right now capital has effectively purchased the government
By David Simon

America is a country that is now utterly divided when it comes to its society, its economy, its politics. There are definitely two Americas. I live in one, on one block in Baltimore that is part of the viable America, the America that is connected to its own economy, where there is a plausible future for the people born into it. About 20 blocks away is another America entirely. It’s astonishing how little we have to do with each other, and yet we are living in such proximity.

There’s no barbed wire around West Baltimore or around East Baltimore, around Pimlico, the areas in my city that have been utterly divorced from the American experience that I know. But there might as well be. We’ve somehow managed to march on to two separate futures and I think you’re seeing this more and more in the west. I don’t think it’s unique to America.

I think we’ve perfected a lot of the tragedy and we’re getting there faster than a lot of other places that may be a little more reasoned, but my dangerous idea kind of involves this fellow who got left by the wayside in the 20th century and seemed to be almost the butt end of the joke of the 20th century; a fellow named Karl Marx.

I’m not a Marxist in the sense that I don’t think Marxism has a very specific clinical answer to what ails us economically. I think Marx was a much better diagnostician than he was a clinician. He was good at figuring out what was wrong or what could be wrong with capitalism if it wasn’t attended to and much less credible when it comes to how you might solve that.

You know if you’ve read Capital or if you’ve got the Cliff Notes, you know that his imaginings of how classical Marxism – of how his logic would work when applied – kind of devolve into such nonsense as the withering away of the state and platitudes like that. But he was really sharp about what goes wrong when capital wins unequivocally, when it gets everything it asks for.

That may be the ultimate tragedy of capitalism in our time, that it has achieved its dominance without regard to a social compact, without being connected to any other metric for human progress.

We understand profit. In my country we measure things by profit. We listen to the Wall Street analysts. They tell us what we’re supposed to do every quarter. The quarterly report is God. Turn to face God. Turn to face Mecca, you know. Did you make your number? Did you not make your number? Do you want your bonus? Do you not want your bonus?

And that notion that capital is the metric, that profit is the metric by which we’re going to measure the health of our society is one of the fundamental mistakes of the last 30 years. I would date it in my country to about 1980 exactly, and it has triumphed.

Read more » The Guardian
http://www.theguardian.com/world/2013/dec/08/david-simon-capitalism-marx-two-americas-wire

What’s wrong with Pakistan?

By Peerzada Salman

KARACHI, Aug 16: A book titled ‘What’s wrong with Pakistan?’ written by eminent journalist Babar Ayaz was launched at a hotel on Friday.

The main feature of the event was an interesting discussion on the contents and genesis of the book with the writer anchored by journalists Asif Noorani and Amir Zia. Mr Ayaz was first requested to read out a couple of passages from What’s wrong with Pakistan?

The author obliged and mentioned that at the beginning of every journalist’s career he’s asked to learn about the five Ws (what, where, when, who and why). Citing examples of the likes of political economist Adam Smith and economist and revolutionary socialist Karl Marx, he pointed out they studied why society behaved in a particular way.

He said he had read many books on the topic he chose to write on but had found out that those books shied away from calling a spade a spade. His was an attempt to call a spade a spade. He then read out passages from the preface to the book in which he touched upon issues such as distrust between institutions and provinces, military operations, war on terror and the notion of a failing state espoused by certain writers. He said there was a need to have an unbiased and dispassionate diagnosis. He argued Pakistan was born with a genetic defect.

After the reading was over, Mr Noorani asked the writer about why he penned a book at such a later stage in his life. The author replied that when he was a young student in Sukkur, he was required to read Shakespeare. It made him think to himself that Shakespeare would not have even imagined that one day his work would be read in a place called Sukkur. This meant writing helped you live on. Mr Ayaz said he was not in favour of compiling his newspaper columns into a book. The fact that Syed Sibte Hasan began writing after he turned 60 proved an encouraging factor as well.

14th March – 130th anniversary of Karl Marx

Leader of oppressed people of the world died on 14th March 1883.

“The philosophers have only interpreted the world, in various ways: the point, however, is to change it.” – KARL MARX

“Democracy is the road to socialism.” – Karl Marx

“Social progress can be measured by the social position of the female sex.” – Karl Marx

“Revolutions are the locomotives of history.” – Karl Marx

“The rich will do anything for the poor but get off their backs.” – Karl Marx