Thursday, July 23, 2009
Sunday, May 17, 2009
"Ironically, one of the most radical proposals making the rounds today has come from an economist at the London School of Economics, Willem Buiter, a former member of the Bank of England's Monetary Policy Committee and certainly no Marxist. Buiter has proposed that the whole financial sector be turned into a public utility. Because banks in the contemporary world cannot exist without public deposit insurance and public central banks that act as lenders of last resort, there is no case, he argues, for their continuing existence as privately owned, profit-seeking institutions."
"Instead they should be publicly owned and run as public services. This proposal echoes the demand for "centralization of credit in the banks of the state" that Marx himself made in the Manifesto. To him, a financial-system overhaul would reinforce the importance of the working classes' winning "the battle of democracy" to radically change the state from an organ imposed upon society to one that responds to it."
Tuesday, May 05, 2009
Murray Hausknecht from Dissent Magazine offers us a portrait of Karl Marx the blogger.
"IF KARL Marx was still with us today he would be posting acid comments on his blog—www.loseyourchains.com—about the current mess with subtexts of “I told you so” and “It’s the system, stupid.”
Thursday, April 23, 2009
“Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism.”
-Karl Marx, Das Kapital, 1867
The Last Exit Magazine and James Ledbetter discuss how the quote is in fact NOT Karl Marx's:
Last Exit Magazine « Prophet of Profit
Tuesday, April 07, 2009
"iClassix, bringing classical literary works to your iPhone.
Originally written as a series of newspaper articles in 1847, Wage-Labour and Capital was intended to give a short overview, for popular consumption, of Marx’s central theories regarding the economic relationships between workers and capitalists.
These theories outlined include the Marxian form of the Labour Theory of Value, which distinguishes “labour” from “labour-power”, and the Theory of Concentration of Capital, which states that capitalism tends towards the creation of monopolies and the disenfranchisement of the middle and working classes.
The Theory of Alienation, which describes a dehumanising effect of capitalist production, in which an immediate social significance of labour to the worker is absent, is also touched upon. These theories were later elaborated in Volume 1 of Capital, published in 1867.
This edition of Wage-Labour and Capital, published in 1891, was edited and translated by Friedrich Engels, and remains one of the most widely read of Marx’s works.
This great title is now available in its entirety on the iScroll, a Text Synchronized Audiobook (TSA) reader that enables you to experience your favorite book in a whole new way. Choose to read, listen or both, its in your hands, literally. "
Obviously I am a poor Capitalist. I have not seen the opportunity here.
Expect update frequently.
I may take a popular route of examining Karl Marx on the internet. I have not decided what I will "cover."
I hope you enjoy the new Karl Marx Blog.