History /
Were Marx, Lenin and Luxemburg right about capitalism? [44]
Were Marx, Lenin and Luxemburg right about capitalism?
The first yes. He was first and foremost an economist, and his economic and historical theories are hard to refute. The other two? No. They were wrong.
Terry Eagleton's
Sometimes more wrong than right however yes, he does make very good points. He's mellowed with time; he could be very outspoken back in the day. He must be quite old now.
And after all, it is inherently immoral that a so called investor should get more money from someone's job than the person actually doing it.
Does it mean that the West is in the final stage of capitalism
Possibly, however Marx didn't spend much time looking at things from a global perspective and Lenin was naive. The rise of India etc and the decline of America may well change things in ways that were hard to predict.
Eagleton's rival Frank Furedi would probably disagree with me on this. His followers believe Marxism is transhumanist and try to apply the theories to a 'post-work' age.
which has to end with a massive war/revolution
Not so massive, however as Marx and Engles wrote in the manifesto, exploiters aren't going to give up their booty without a fight.