Das Kapital

Apparently, sales of Karl Marx’s opus are way up since the markets spun way down. Is it possible that Marx is newly relevant? Well, he did foresee globalization, noting “the need for a constantly expanding market for its products chases the bourgeoisie over the whole surface of the globe.” And maybe his remark about how capitalism is like “the sorcerer who is no longer able to control the powers of the netherworld whom he has called up by his spells” could be applied to the derivatives markets. Leo Panitch, a Canada research chair in comparative political economy Toronto’s York, poses these questions in the international journal Foreign Policy.

Foreign Policy