Marx's Economic Analysis

[blueeyedboy]

I've been reading a lot of Karl Marx's economic analysis recently, and I'm wondering if all the information he found out can still be applied today. In other words, is what Marx said is happening within capitalist society then still relevant now.

Is the LTV defenitley right from Marx's viewpoint in today's society? Are all the use value and exchange value stuff correct today. Basically, are all Karl Marx's economic insights essentially correct in present society?

[Whitten]

For the most part yes.

What its important to keep in mind is that globalisation has changed the appearance, but not the essence of what happens to late capitalism. Instead of the Bourgeois paying the proletariat of the developed nations hardly enough to live, they are doing it to their foriegn near-slave labour in Africa, Asia and South America. (Thats why the revolutions occured in these places and not in the developed nations as Marx originally suggested)

[Severian]

Yes. The laws of capitalism are still the same - it's the situation they work on that's changed.

[apathy maybe]

Originally posted by blueeyedboy+--> (blueeyedboy)In other words, is what Marx said is happening within capitalist society then still relevant now. [/b]I am sceptical that a lot of Marx's work is still relevant. While his work was quite (dare I say) revolutionary (I do) at the time, now his original work looks a bit dated. That is not to say that all Marxian analysis is flawed, lots of Marxists have attempted to "update" Marx's work (Lenin being one of the most famous). Personally I think that these attempts to maintain the relevance of Marx's work do not really work.


Severian
Yes. The laws of capitalism are still the same - it's the situation they work on that's changed.I would be interested in a quick explanation of these "laws of capitalism".

[Severian]

Originally posted by apathy maybe+November 27, 2006 04:52 am--> (apathy maybe @ November 27, 2006 04:52 am) I am sceptical that a lot of Marx's work is still relevant. While his work was quite (dare I say) revolutionary (I do) at the time, now his original work looks a bit dated.


Severian
Yes. The laws of capitalism are still the same - it's the situation they work on that's changed.I would be interested in a quick explanation of these "laws of capitalism". [/b]
Combining those two quotes, I gotta ask:

Shouldn't you know something about Marx's work before passing judgement on whether it's still relevant?

And if you've already passed judgement on it, why should anyone take the time to explain it to you?

[Sugar Hill Kevis]

The essence of how capital is distributed has changed as well as the characteristics of the means of production (i.e. developed further from just factories and agriculture), in the west at least - mostly due to deindustrialisation and the rise of sunrise/high tech indsutry.

I think the same analysis applies - but on a more international scale