Relevant and even prescient commentary on news, politics and the economy.

Marx’s “most realistic… most amazing insight!”

Marx’s “most realistic… most amazing insight!” In his farewell lecture at Brandeis University, “Obsolescence of Socialism,” Herbert Marcuse quoted a passage from the Grundrisse and claimed that in Capital, Marx had “repressed this vision, which now appears as his most realistic, his most amazing insight!” As large-scale industry advances, the creation of real wealth depends increasingly less on […]

Socially Ambivalent Labour Time VII: Capital volume 1, chapters one and three

EconoSpeak: Socially Ambivalent Labour Time VII: Capital volume 1, chapters one and three. Sandwichman, July 30, 2021 Afterword to the Second German Edition [of Das Kapital, Buch 1] (1873): I must start by informing the readers of the first edition about the alterations made in the second edition. One is struck at once by the clearer […]