Global capital is producing it’s own grave-diggers

Karl Marx is at his most prophetic and poetic when writing about the big contradiction of capitalism:

What the bourgeoisie, therefore, produces, above all, is its own grave-diggers.

or

a society that has conjured up such gigantic means of production and exchange, is like the sorcerer, who is no longer able to control the power of the nether world whom he has called up by his spells.

Marx was no doubt overly optimistic – and simplistic – in his thinking that capitalism, by creating an impoverished class of people, will lead to that group organising, rising up and overthrowing the system to create something new and better.

But if the last few years have shown anything (and I’m talking about Brexit and Trump, yes, but also the rise of European far right parties and religious extremism) it is that global capitalism has created anger and discontent that cannot easily be controlled.

 

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