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Saturday, November 01, 2003

Karl Marx Looks Back

He erred in forecasting a socialist ascendancy but, as Karl
Marx tells historian Donald Sassoon in Britain's Prospect
magazine, his views are still the best means of understanding
contemporary capitalist society. Sassoon, author of a
magisterial study of Western socialism, wittily argues through
the medium of Marx's cranky ghost that his (often
unacknowledged) influence has in practice surpassed that of all
of the classical liberal theorists. It is now commonplace in
decision- and opinion-making circles to interpret events with
reference to economic interests and antagonistic power
relations between classes and groups, and to see the state as
the subordinate creature of the large corporations. Marx's
theoretical failure, which doesn't obscure the power of his
analysis of capitalist society, was to assume that the system
had already exhausted its potential by Victorian times. In
fact, it outlasted the mass socialist movement and, as Sassoon
suggests, it is one of the great ironies of history that the
Marxist-led revolutions of the 20th century appear in
retrospect mostly to have paved the way for the further
development of capitalism in Russia, China, and other parts of
the globe.


To see the rest of this piece-- the fictional interview is really quite well done -- see
Karl Marx
By Donald Sassoon
Prospect
October 2003



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