Marx's Revenge - The Resurgence of Capitalism and the Demise of Soviet Authoritarian Socialism

Author: Desai
Publisher:
Publish Date: 2006-02-01
Features: This book provides a panoramic examination of the influence of Marx in the 20th century and the development of capitalism. The author argues that there were two paths to socialism in the 20th century: one was an independent socialist regime outside of capitalism (referring to the Soviet Union), and the other was parliamentary socialism within capitalism. However, both failed under globalization. The reason lies in the fact that they did not practice Marx's ideas but merely used his name. Marx believed that socialism could only be realized under fully developed capitalism. Additionally, from the historical development of the 20th century, although the declining trend of the profit rate is a fundamental factor, globalization is resisting this trend. The struggle between the market and the government has become the driving force behind globalization. It is both the result of the struggle between socialism and capitalism and proof that capitalism has not yet been fully developed. The future direction should be a higher form of socialism than capitalism.