Future of left
We live in a time of untrammelled and footloose capitalism. Free market capitalism has hardened into a dogmatic and monolithic creed that brooks no opposition.
We live in a time of untrammelled and footloose capitalism. Free market capitalism has hardened into a dogmatic and monolithic creed that brooks no opposition.
Economic growth is not enough. Erosion of democracy is not enough. Expectations matter. Expectations management matters even more. And yet, see what happened in Chile, a country with fairly high economic growth and a stable democracy. In 2019, it witnessed an outburst of anger on the streets paving the way for the leftists to emerge victors. This can happen to other elected autocracies
With successive civilian and military governments living beyond their means, unwilling to mobilise domestic resources and averse to economic reform, that fact alone contributed to miring Pakistan in perpetual financial crisis, with virtually every government in the past five decades leaving the economy in much worse shape for its successors to manage.
Once the crisis wanes, we are likely to hear ever louder calls for a new social contract, for ushering in a world where happiness, joy and harmony, climate, environment and Nature will be reckoned as more fulfilling objectives of life as well as of business, much more than products, profits, possessions and wealth
When reality becomes too gruesome to tolerate, apathy of the urban middle class takes a backseat.
The publication of previously unknown manuscripts in the German MEGA2 edition, along with innovative interpretations of his work, have opened up new research horizons and demonstrated more clearly than in the past his capacity to examine the contradictions of capitalist society on a global scale and in spheres beyond the conflict between capital and labour.
Capital went on sale on 14 September 1867. One century and a half after its publication, it has become one of the most translated, sold and discussed works in the story of humanity. For those who wish to understand capitalism, and also why workers must fight for a superior form of society whose fundamental principle is the full and free development of each individual, Marx's Capital is, now more than ever, an indispensable work.
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