Archive for August, 2020

[A] number of central features of Marx’s analysis remain valid and relevant. The first, obviously, is the analysis of the irresistible global dynamic of capitalist economic development and its capacity to destroy all that came before it, including even those parts of the heritage of the human past from which capitalism had itself benefited, such as family structures. The second is the analysis of the mechanism of capitalist growth by generating internal ‘contradictions’—endless bouts of tensions and temporary resolutions, growth leading to crisis and change, all producing economic concentration in an increasingly globalised economy.”

— Eric Hobsbawm, How to Change the World : Reflections on Marx and Marxism (New Haven, Conn. : Yale University Press, 2011), pg. 14

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