Tuesday, September 02, 2003

Do you call this capitalism?

Capitalism is advancing as it sheds its classical skin. Marxist predictions have been fulfilled -- at least in part.
A century and a half ago, Karl Marx and Frederick Engels predicted the fall of capitalism. The socialist revolution was expected to happen in the most, not least, advanced capitalist states, where the contradiction between poverty and wealth is greatest. What happened in 1917 was just the opposite. The socialist revolution took place in Russia, not Germany or Britain, as Marx had predicted. Marxists chose to ignore this small detail and for the ensuing 70 years maintained that the Bolshevik revolution was the culmination of the Marxist doctrine. Some still hold on to this belief. Anti- communists, of course, point out this historic anomaly, calling it a flaw in Marxist thinking.

· Flaws [Ahram ]