Alex Callinicos
Marx: Hit and Myth
(February 1999)
From
Socialist Review, No.227, February 1999.
Copyright © 1999 Socialist Review.
Copied with thanks from
REDS – Die Roten.
Marked up by
Einde O’ Callaghan for the
Encyclopaedia of Trotskyism On-Line (ETOL).
Having been treated like a dead dog for most of the 1990s, Karl Marx is back in fashion. Over the past year or so commentators in establishment organs such as theFinancial Times and the New Yorker have carried pieces affirming the relevance of Marx’s thought to the contemporary world. It is rare that a week passes without the economic pages of the Guardian making at least one reference to Marx’s critique of capitalism.
Indeed, as Bill Clinton famously put it, “it’s the economy, stupid” that explains the revival in Marx’s reputation. While world capitalism appeared to have triumphed in the first half of the 1990s, Marx was ignored. Now that the world economy is in increasingly deep trouble, his works are being dusted off again.