The rising proportion of the economy used for investment is one of the most central predictions of Marx’s Capital—or, as he terms it, the “rising organic composition of capital.” Such a rising proportion of investment in the economy was, less systematically, also predicted by Adam Smith, and by, for somewhat different reasons, by John Maynard Keynes.
Marx designated the difference between what he termed “political emancipation” and “human emancipation” – between purely formal equality and rights in politics and the fundamental inequality and lack of rights in the real world. This classically sets out the reality of Western parliamentary democracy.
Labour, led by Jeremy Corbyn, has thrown itself full scale into the struggle to block a No Deal Brexit.
An exhibition on the life and works of Karl Marx opened on 5 May 2018 at the National Museum of China to mark the bicentenary of his birth. It will run for three months.
To mark the 200th anniversary of the birth of Karl Marx on 5 May 1818, Socialist Action is re-publishing below a 1983 article by John Ross about Marx’s writings on England.
First published: October 1998
The philosophical works of Hegel were central to the development of Marx’s thought. A consideration of this philosophical background illuminates why Marx was concerned with some particular problems and why Hegel had such an influence on his thought.
The immediate political background to the development of Hegel’s thought was the French revolution – the founding work of Hegel’s philosophy, the Phenomenology of Mind, was written in Jena, site of the battle between Napoleon and the feudal German monarchies. This context led Hegel to be particularly concerned with the question of change!
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