Socialist Worker

Karl Marx and the markets

Issue No. 2120

Daily Telegraph readers had a shock last week when they opened their paper to find the main cartoon was of Karl Marx laughing in his grave at the woes on Wall Street.

One of the effects of this financial crisis was Marx’s analysis of capitalism being debated across the media. These are ideas that we were told had been dead and buried in the rubble of the Berlin Wall.

The 1929 Wall Street Crash created an intellectual radicalisation that saw a revival of resistance to the unemployment and austerity that followed. Across the globe, working class activists began to read and think for themselves and found their way to Marx.

There was a left, unfortunately too often tainted by Stalin’s ideas, to provide them with newspapers, pamphlets books and discussion. This was key to this discovery of Marx’s ideas.

Even before this economic crisis there was a widespread critique of capitalism in which Marx featured prominently. This must be built on.

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What We Think
Tue 23 Sep 2008, 18:04 BST
Issue No. 2120
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