PropertyProf Blog

Editor: Stephen Clowney
Univ. of Kentucky College of Law

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Thursday, April 18, 2013

Was Marx Right?

Time magazine looks at the the resilience of the ideas of Karl Marx

With the global economy in a protracted crisis, and workers around the world burdened by joblessness, debt and stagnant incomes, Marx’s biting critique of capitalism — that the system is inherently unjust and self-destructive — cannot be so easily dismissed. Marx theorized that the capitalist system would inevitably impoverish the masses as the world’s wealth became concentrated in the hands of a greedy few, causing economic crises and heightened conflict between the rich and working classes. “Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole,” Marx wrote.

A growing dossier of evidence suggests that he may have been right. It is sadly all too easy to find statistics that show the rich are getting richer while the middle class and poor are not.

Steve Clowney

http://lawprofessors.typepad.com/property/2013/04/was-marx-right.html

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Comments

I have an English language, books only, (very) select bibliography (about 150 titles) on Marx and Marxism should anyone be interested. It assumes the value of attempting to identify what is "living and dead" (so to speak) within the Marxist tradition and it so happens that I'm particularly fond of several of the "analytical Marxists:" "Analytical Marxism is an approach to Marxist theory that was prominent amongst English-speaking philosophers and social scientists during the 1980s. It was mainly associated with the September Group of academics, so called because of their biennial September meetings to discuss common interests. Self-described as 'Non-Bullshit Marxism,' the group was characterized, in the words of David Miller, by 'clear and rigorous thinking about questions that are usually blanketed by ideological fog.' The most prominent members of the group were G. A. Cohen, John Roemer, Jon Elster, Adam Przeworski, Erik Olin Wright, Philippe van Parijs, and Robert-Jan van der Veen."

Posted by: Patrick S. O'Donnell | Apr 19, 2013 11:17:25 PM

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