Cole, G. D. H.
March 1952
New Republic;3/17/52, Vol. 126 Issue 11, p13
The article deals with the concept of Marxism and its irrelevance in the present day world. Karl Marx criticized the classical economists for their theories which he thought were responsible for the major economic crises. The coming of socialism, for Marx is a predictable fact, and not a matter of human choice. Marx's economic theory is designed to show why the capitalist is able to buy labor power for less and it links up with his prophecies about the increasing misery of the masses, as the contradictions of capitalism come into play. This conception was inconsistent with Marx's view of the state, as a construct made to serve the interests of the ruling class.


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