Wei, X. (2023). Understanding the Modern World with Marx's Political Economic Critical Thinking. AlterEconomics, 20(1), 152–165. https://doi.org/10.31063/AlterEconomics/2023.20-1.8
How relevant is Marxist economic theory to the problems of today’s world? Did those contradictions that Marx analyses in his Das Kapital disappear? The answer is clear: no, but they have now acquired a larger scale involving some new actors. The faster pace of economic globalisation at the end of the last century has been accompanied by the cross-border development of class relations. Resting on large-scale cross-border operations of transnational corporations, capital is now contributing to the formation of a transnational capitalist class. In today’s world there are new, contradictory relations based on a multitude of inherent contradictions, rendering the world situation more complex: the rich-poor gap brought about by the formation of the transnational capitalist class; the transnational capitalist class and the question of its global hegemony; and the relationship between the transnational capitalist class and the world system. All these factors are of economic nature but their impact goes beyond the economic sphere. The resulting hegemony of the transnational capitalist class pushes the world situation in the direction of economic politicisation and further political militarisation. It is clear that our world is still dominated by the capital, which was discussed by Marx in his critique of political economy. This approach still provides the basic framework for understanding and examining our era.
Boggs, C. (2018). Fascism Old and New: American Politics at the Crossroads. New York: Routledge, 240.
Fuchs, C. (2020). Digital Labour and Karl Marx. Beijing: People’s Publishing House, 194.
Hardt, M. & Negri, A. (2008). Empire — the Political Order of Globalization. Nanjing, China: Jiangsu People’s Publishing House.
Harris, J. (2019). The Future of Globalization: Neo-fascism or the Green New Deal. Race & Class, 61 (1), 3–25. https://doi.org/10.1177/0306396819844121
Haskel, J. & Westlake, S. (2018). Capitalism Without Capital: The Rise of the Intangible Economy. Princeton, the USA: Princeton University Press, 288.
Hrubec, M. (2016). Conflicts of the Global State. International Critical Thought, 6 (3), 378–392. https://doi.org/10.1080/21598282.2016.1198002
Marx, K. & Engels, F. (1976). Gesamtausgabe, band II/1.1. Berlin: Dietz. (In German)
Marx, K. & Engels, F. (1980). Gesamtausgabe, band II/2. Berlin: Dietz. (In German)
Marx, K. & Engels, F. (1982). Gesamtausgabe, band I/2. Berlin: Dietz. (In German)
Marx, K. & Engels, F. (2009). Anthologies of Marx and Engels, Volume 1. Beijing: People’s Publishing House.
Marx, K. & Engels, F. (2010). Collected Works. Vol. 35–37. London: Lawrence & Wishart.
Marx, K. & Engels, F. (2012). Collected Works, Vol. 1. Beijing: People’s Publishing House, 222.
Negroponte, N. (2021). Being Digital. Beijing: Publishing House of Electronics Industry.
Piketty, T. (2014). Capital in the Twenty-First Century. Cambridge, the USA: Harvard University Press, 685.
Robinson, W. I. & Harris, J. (2000). Towards a Global Ruling Class? Globalization and the Transnational Capitalist Class. Science & Society, 64 (1), 11–54.
Sklair, L. (2016). The Transnational Capitalist Class, Social Movements, and Alternatives to Capitalist Globalization. International Critical Thought, 6 (3), 329–341.
Soborski, R. (2020). From the End of History to the Populist Turn and Beyond: Ideology’s Misfortunes in Globalization Theory and Global Activism. International critical thought, 10 (2), 296–310. https://doi.org/10.1080/21598282.2020.1783695
van Fossen, A. (2016). Flags of Convenience and global Capitalism. International Critical Thought, 6 (3), 359–377. https://doi.org/10.1080/21598282.2016.1198001
Wei, X. (2020). Transnational Capital and the Trend of Global Interactions. International Critical Thought, 10 (2), 251–262.