[Marxism] Marx-lite Meets the Investor Class » CounterPunch: Tells the Facts, Names the Names

Louis Proyect lnp3 at panix.com
Fri Apr 25 13:12:13 MDT 2014

With the polite and well–scrubbed ghost of Karl Marx now making regular 
appearances on television talk shows and being given column space in the 
mainstream press the apparent question is: what does it mean? While 
broadening the realm of economic concern to include criticism of 
conspicuous economic dysfunction might serve a useful social purpose, is 
it Marx the political economist or Marx the revolutionary who is being 
resurrected and furthermore, are these dissociable? The question is 
worth asking because a lot of partial solutions to the issues of 
dramatically skewed income and wealth distribution and the power they 
have over Western governments have been put forward but few if any have 
been implemented. In fact, in meaningful ways the trajectory of Western 
political economy is away from social reconciliation. A new New Deal was 
conceived by center-left economists and put forward in 2008 – 2009 and a 
small, ill conceived and largely ineffectual economic stimulus program 
was all that came of it. And a wide variety of well conceived and 
socially constructive policy recommendations continue to be put forward 
with apparently diminishing prospects for their being implemented. So 
assuming for the moment the Marx-lite revival underway has content 
behind it, what is the goal of clear analysis if it is relegated to 
column inches rather than social action?


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