Workers burn to death in Bangladesh

There is much talk now in all sorts of bourgeois media all over the world about the glory and resurgence of the ‘emerging’ countries and their economy. The media is never tired of highlighting that these countries are turning out to be the new locomotive of the global capitalist economy. The significance of their role in resolving the intensifying crisis of world capitalism is also being asserted ceaselessly. There is also talk of the shifting of the balance of economic power and importance towards the emerging countries such as China, India, Brazil etc. These countries are becoming more and more important to world capital.

Decadence of capitalism part XIII: rejection and regressions

Over the past four decades, the insoluble nature of this crisis has become increasingly evident, you might have expected that a majority of those attracted towards internationalism over those decades would have been rather easily convinced that capitalism was indeed an obsolete, decaying social system. In reality, not only has this not been the case, but - and this is particularly true with the new generations of revolutionaries which started to appear on the scene during the first decade of the 21st century – one could even speak of a persistent rejection of the theory of decadence, and at the same time a real tendency for many who had previously been convinced of the concept to put it into question and even to jettison it openly.

The overthrow of commodity fetishism

In the first part of this chapter (IR 75), we began to examine the historical context in which Marx dealt with capitalist society: as the last in a series of systems of exploitation and alienation, as a form of social organization no less transient than Roman slavery or mediaeval feudalism. We noted that, in this framework, the drama of human history could be considered in the light of the dialectic between the original social ties of humanity, and the growth of commodity relations which has both dissolved these ties and prepared the ground for a more advanced form of human community. In the section that follows we concentrate on the mature Marx's analysis of capital itself - of its inner nature, its insoluble contradictions, and of the communist society destined to supplant it.

The study of Capital and the foundations of Communism

In the previous article in this series (IR73) we saw that Marx and his tendency, having come to terms with the defeat of the 1848 revolutions and the onset of a new period of capitalist growth, embarked upon a project of deep theoretical research aimed at uncovering the real dynamic of the capitalist mode of production, and thus the real basis for its eventual replacement by a communist social order.

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