The North American middle class currently has lost over 18 million homes; outside on the streets, these latest impoverished outcasts are being confronted by the brutal army; as Marx predicted in 'Capital', they are being shaken by the geometric progressive explosion of global pauperization, while the upper ruling elites are merging and devouring themselves.
Yes, revolutionary, scientific and philosophic Marxism, the dialectical negation of capitalism, has not lost its praxical and theoretical creative powers. With some examples we will demonstrate the topicality of Marxism in the 'modern' and 'post-modern' era, in globalization.
Marx and Engels went 'post-modern' in 1848 already, at the beginning of workers' class struggle.
Later on June 27, 1865, in an English address 'Value, Price and Profit' to the General Council of the First International, Marx explained that due to unpaid, stolen labor time, socially exploited wage workers are carrying the whole burden of capital realization and thus are guaranteeing all the financial risks and speculative adventures of their notorious capitalist bosses and the reckless, criminal financiers. Now the American workers have to sacrifice more than $700 billion tax money to rescue speculative imperialist gangsters, to save capitalism from total collapse.
At the moment this century-old capital crime has become an open international secret; Wall Street is letting the cat out of the bag of criminal capital accumulation, as was explained long ago by the 'obsolete' Karl Marx.
Capitalist ideologues claim that Karl Marx is outdated and that Plato and Aristotle are en vogue. However, believe it or not, the 'Wall Street Journal' nowadays considers Karl Marx as an erudite authority worthwhile to quote. Nonetheless, it commits the same ideological mistake as so many other international mass media: it publishes only what suits its class interests, that is, only half-truths.
Three years ago, on May 13, 2005, the front page story headline of the 'Wall Street Journal' read: "As Rich-Poor Gap Widens in the U.S., Class Mobility Stalls". In the last analysis, the article was saying that the United States as a country of infinite social mobility and as the land of a million golden opportunities was and is a pure ideological myth. It claimed that "even Karl Marx accepted the image of America as a land of boundless opportunity. . . . 'The position of wage laborer,' he wrote in 1865, 'is for a very large part of the American people but a probational state, which they are sure to leave within a longer or shorter term.' (Marx)" (See: www.mindfully.org/Reform/2005/Rich-Poor-Gap13may05.htm
2005/Rich-Poor-Gap13may05.htm)
However, the editor of the 'Wall Street Journal' did not read Marx's address to the end, that is, he did not read the part which concerns the Marxist emancipatory solution of the current American crisis, of global depression and, of course, the Bolivarian Revolution in Venezuela and South America.
Categorically, Marx stated: "They (the workers) ought to understand that, with all the miseries it imposes upon them, the present system simultaneously engenders the material conditions and the social forms necessary for an economical reconstruction of society. Instead of the conservative motto, "A fair day's wage for a fair day's work!" they ought to inscribe on their banner the revolutionary watchword, "Abolition of the wages system!" (See: www.marx2mao.com/M&E/WPP65.html)
Let us look now at another quotation that directly concerns the actual global crisis.
Guess who is the author!
"In a system of production, where the entire continuity of the reproduction process rests upon credit, a crisis must obviously occur a tremendous rush for means of payment - when credit suddenly ceases and only cash payments have validity. At first glance, therefore, the whole crisis seems to be merely a credit and money crisis. And in fact it is only a question of the convertibility of bills of exchange into money. But the majority of these bills represent actual sales and purchases, whose extension far beyond the needs of society is, after all, the basis of the whole crisis. At the same time, an enormous quantity of these bills of exchange represents plain swindle, which now reaches the light of day and collapses; furthermore, unsuccessful speculation with the capital of other people"
Could it be Henry Paulson? Or some neo-con 'think tank'? Let us give more data and facts about the current speculation at Wall Street!
. finally, commodity-capital which has depreciated or is completely unsaleable, or returns that can never more be realized again. The entire artificial system of forced expansion of the reproduction process cannot, of course, be remedied by having some bank, like the Bank of England, give to all the swindlers the deficient capital by means of its paper and having it buy up all the depreciated commodities at their old nominal values. Incidentally, everything here appears distorted, since in this paper world, the real price and its real basis appear nowhere, but only bullion, metal coin, notes, bills of exchange, securities. Particularly in centers where the entire money business of the country is concentrated, like London, does this distortion become apparent; the entire process becomes incomprehensible; it is less so in centers of production."
Yes, revolutionary, scientific and philosophic Marxism, the dialectical negation of capitalism, has not lost its praxical and theoretical creative powers. With some examples we will demonstrate the topicality of Marxism in the 'modern' and 'post-modern' era, in globalization.
Marx and Engels went 'post-modern' in 1848 already, at the beginning of workers' class struggle.
Later on June 27, 1865, in an English address 'Value, Price and Profit' to the General Council of the First International, Marx explained that due to unpaid, stolen labor time, socially exploited wage workers are carrying the whole burden of capital realization and thus are guaranteeing all the financial risks and speculative adventures of their notorious capitalist bosses and the reckless, criminal financiers. Now the American workers have to sacrifice more than $700 billion tax money to rescue speculative imperialist gangsters, to save capitalism from total collapse.
At the moment this century-old capital crime has become an open international secret; Wall Street is letting the cat out of the bag of criminal capital accumulation, as was explained long ago by the 'obsolete' Karl Marx.
Capitalist ideologues claim that Karl Marx is outdated and that Plato and Aristotle are en vogue. However, believe it or not, the 'Wall Street Journal' nowadays considers Karl Marx as an erudite authority worthwhile to quote. Nonetheless, it commits the same ideological mistake as so many other international mass media: it publishes only what suits its class interests, that is, only half-truths.
Three years ago, on May 13, 2005, the front page story headline of the 'Wall Street Journal' read: "As Rich-Poor Gap Widens in the U.S., Class Mobility Stalls". In the last analysis, the article was saying that the United States as a country of infinite social mobility and as the land of a million golden opportunities was and is a pure ideological myth. It claimed that "even Karl Marx accepted the image of America as a land of boundless opportunity. . . . 'The position of wage laborer,' he wrote in 1865, 'is for a very large part of the American people but a probational state, which they are sure to leave within a longer or shorter term.' (Marx)" (See: www.mindfully.org/Reform/2005/Rich-Poor-Gap13may05.htm
2005/Rich-Poor-Gap13may05.htm)
However, the editor of the 'Wall Street Journal' did not read Marx's address to the end, that is, he did not read the part which concerns the Marxist emancipatory solution of the current American crisis, of global depression and, of course, the Bolivarian Revolution in Venezuela and South America.
Categorically, Marx stated: "They (the workers) ought to understand that, with all the miseries it imposes upon them, the present system simultaneously engenders the material conditions and the social forms necessary for an economical reconstruction of society. Instead of the conservative motto, "A fair day's wage for a fair day's work!" they ought to inscribe on their banner the revolutionary watchword, "Abolition of the wages system!" (See: www.marx2mao.com/M&E/WPP65.html)
Let us look now at another quotation that directly concerns the actual global crisis.
Guess who is the author!
"In a system of production, where the entire continuity of the reproduction process rests upon credit, a crisis must obviously occur a tremendous rush for means of payment - when credit suddenly ceases and only cash payments have validity. At first glance, therefore, the whole crisis seems to be merely a credit and money crisis. And in fact it is only a question of the convertibility of bills of exchange into money. But the majority of these bills represent actual sales and purchases, whose extension far beyond the needs of society is, after all, the basis of the whole crisis. At the same time, an enormous quantity of these bills of exchange represents plain swindle, which now reaches the light of day and collapses; furthermore, unsuccessful speculation with the capital of other people"
Could it be Henry Paulson? Or some neo-con 'think tank'? Let us give more data and facts about the current speculation at Wall Street!
. finally, commodity-capital which has depreciated or is completely unsaleable, or returns that can never more be realized again. The entire artificial system of forced expansion of the reproduction process cannot, of course, be remedied by having some bank, like the Bank of England, give to all the swindlers the deficient capital by means of its paper and having it buy up all the depreciated commodities at their old nominal values. Incidentally, everything here appears distorted, since in this paper world, the real price and its real basis appear nowhere, but only bullion, metal coin, notes, bills of exchange, securities. Particularly in centers where the entire money business of the country is concentrated, like London, does this distortion become apparent; the entire process becomes incomprehensible; it is less so in centers of production."
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