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  • Essay / Marxism: about to make a comeback? - 2287

    Karl Marx published his highly controversial book, The Communist Manifesto, in 1848. It remains to this day arguably one of the most influential political manuscripts ever written. The book is taught and analyzed in greater detail in university classrooms around the world, from both historical and philosophical perspectives. During the period 1922-1991, the USSR was the country closest to the implementation and realization of Marxist ideals. Despite its limited implementation in the past, Marxism is likely to become a major ideology again in the 21st century. The current predominant economic model of capitalism is leading to revolution through political reform, globalization is seriously considered as a way forward, and a large force of strong social democrats exists in the current political field and is advancing programs that will make Marxism, or a similar model, a reality. Capitalism is broken and people around the world are starting to realize it. Its central idea of ​​private property creates a massive gap between rich and poor and this gap will only continue to widen until change is made. Lawrence Peter King notes that unequal distribution of assets makes markets irrational and destructive and that inequality produces inefficiency because it creates disjunctures between incentive structures. If companies encouraged employee ownership, then they would be more efficient because monitoring costs would be reduced (King 223)1. By redistributing assets, employees would have greater incentive to work more efficiently, because now the affected workers reap the rewards of a well-functioning business, in the same way as the owners and shareholders. Right now...... middle of paper ......be and Mail. CTVglobemedia, October 3, 2010. Web. November 21, 2010. .Paxton, Robert O.. Europe in the 20th century. Updated 2005, 4th ed. Boston: Houghton Mifflin Harcourt Publishing Company, 2005. Print. Renton, Dave. Dissident Marxism: Voices from the Past for the Present. London: Zed, 2003. Print.Teivainen, Teivo. “The World Social Forum and global democratization: learning from Porto Alegre.” Third World Quarterly 23.4 (2002): n. page. The University of British Columbia. Internet. November 21, 2010. The Economist. “World trade: in the twilight of Doha.” The economist. Np, and Web. November 21, 2010. .Therborn, Göran. From Marxism to post-Marxism. London: Verso, 2008. Print.