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Every modern Marxist needs to understand this Michael Hudson essay.
For the dogmatists out there, it doesn’t mean that Marx was “wrong.” It just means that capitalism is evolving differently today than it was during his era, and that some of the trends he noted in the 1800s have actually reversed themselves & started... See more
Marxism-Leninism is a science with a sound economic and philosophical foundation. Mankind moved from slavery to feudalism to capitalism. The logical next and final step is communism.
Capitalism is based on the exploitation of workers by the rich owners of the means of production. The Marxist maxim, “From each according to his ability, to each
