Reading Marx’s Capital Today: Lessons from Latin America | Global Research

1. One hundred and fifty years ago, Karl Marx published his book Capital, an intellectual effort of great breadth, with the aim of revealing the logic of capitalist production and providing workers with theoretical instruments for their liberation. Having discovered the logic of the system, he was able to foresee with great anticipation much of what is happening in the world capitalist economy today. But, we cannot mechanically apply what is outlined in Capital to the current reality of Latin America.

2. As Marx explained in the preface to the first edition, the goal of his research was not to study a concrete social formation; England was only taken as an illustrative example of the most advanced concrete expression of capitalist production at that time.

3. Marx’s major intellectual effort was directed to studying “the capitalist mode of production and the forms of…

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