“For many in my generation, the ideological underpinnings of capitalism have been undermined,” writes Jacobin editor Bhaskar Sunkara at The Guardian. “That a higher percentage of Americans between the ages of 18 and 30 have a more favorable opinion of socialism than capitalism … signals that the cold war era conflation of socialism with Stalinism no longer holds sway.”
Everywhere we look, the power of the rich and powerful operates to create a “suicidal state” in which regulations meant to restrict their corrupting power are shredded; shamelessly and without apology, they use their unchecked power to lay off millions of workers while simultaneously cutting the benefits and rights of those on the job in order to dramatically increase corporate profits.
Is there a better way to honor the working-class struggle than to study Karl Marx’s “Capital” on Labor Day? How about reading along with distinguished City University of New York professor David Harvey, who after almost 40 years is still teaching the book? (more)