A critical analysis of Karl Marx's Capital, which is without
question one of the most influential books to be published in the
course of the past two centuries. Controversial in its politics,
and arriving at conclusions that are passionately debated to this
day, it is nonetheless a fine example of the creative combination
of a philosophical method (the dialectic) with historical and
economic information to produce a new interpretation of history.
Capitalism, thought Marx, works by exploiting the working class.
Their wages do not reflect the value of their labor. Marx concluded
that capitalism would fail because of this contradiction at the
heart of the capitalist system. He wrote Capital to give activists
the theories and language they needed to criticize the system. But
the work also outlines the new communist society that Marx hoped
would rise in its place, and it helped to inspire the rise of
states that largely shaped the modern history of our planet. Today,
after a century of conflict, Marx's analysis still offers valuable
tools that help us analyze the modern world. Marx's belief that he
had arrived at a scientific way of describing the present and
predicting the future may not be shared by many of his modern
interpreters. But his ability to connect things together in new
ways is not in doubt - and nor is the influence of the new
hypotheses that he generated as a result of so much careful
analysis.
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