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Right After All: Marx Hits Mark on Cruelties of Capitalism

By Linn Washington, Jr.  Posted by Dave Lindorff (about the submitter)     Permalink       (Page 1 of 3 pages)
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By Linn Washington, Jr.


London -- The many criticisms of capitalism leveled over a century ago by Karl Marx, the co-author of the Communist Manifesto, may prove to be more right than wrong.

Evidence both anecdotal and empirical of many of Marx's observations abounds across London, the city where the German-born Marx, who held a doctorate in philosophy, lived for three decades before his death in 1883.

Income inequity -- an element of the capitalism Marx criticized -- is at historic high in Britain as in the US.

The richest ten percent in Britain live 100 times better off than the poorest, according to a report published last year in the Guardian newspaper.

In London, the richest capital city in Europe, 41 percent of children live in poverty, according to statistics listed in a Museum of London exhibit.

That Guardian report placed average household wealth for Britain's top ten percent at the equivalent of $1.3-million-U.S. dollars compared to the equivalent of $13,531 for Britain's poorest.

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Marx stated that the accumulation of wealth "at one pole is, therefore, at the same time, accumulation of misery."

Homelessness steadily increases around London due largely to recession-related deprivations like unemployment, which lead to loss of shelter, according to reports from social service agencies and the news media.

A homeless man often sleeps on the side-walk in front of a hi-end Hugo Boss clothing store located on the main shopping street in London's posh Chelsea section, where the average home price is $1.9-million in U.S. dollars.

The home prices in London's Chelsea section mirror home prices in New York City's upscale Chelsea, a community located not far from NYC's Wall Street, currently the scene of mushrooming protests against the greed and inequities spawned by capitalism.

The sleeping location for that homeless man in London's Chelsea is across from the entrance to the Sloan Square Tube Station of London's fabled Underground.

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The ever-increasing fares for riding London's excellent subway system drives the poor onto the city's less costly buses. In September, Britain's Transportation Secretary told members of Parliament that rising prices for privatized intercity train fares have transformed most rail travel into a "rich man's toy."

Prices for privatized home energy soared across Britain between 2004 and 2009 with electricity prices leaping over 75 percent and natural gas soaring 122 percent.

George Durack, 87, who chairs a Pensioner's Forum in one London community, told a news reporter in September that elderly people confront a "heat or eat' quandary due to escalating energy prices compounded by cuts in energy assistance to retirees by the conservative lead national government.

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Its amazing how accurate karl Marx was in his diss... by liberalsrock on Thursday, Oct 6, 2011 at 10:12:32 AM
Unrestrained capitalism is bad Marx's idea of for... by BFalcon on Friday, Oct 7, 2011 at 9:36:47 AM
As, a Philosophy (Major) student, I could see that... by Mark Ybarra on Thursday, Oct 6, 2011 at 8:09:19 PM
Marx was correct in the sense that capitalism devo... by Tom Sciamanna on Thursday, Oct 6, 2011 at 8:51:46 PM
I would say that this statement applies to the peo... by bern on Saturday, Oct 8, 2011 at 11:58:43 AM
Did you know that the top 10 percent of the commun... by bern on Thursday, Oct 6, 2011 at 10:04:47 PM
I know some people that insist on calling themselv... by Arend Rietkerk on Friday, Oct 7, 2011 at 12:25:49 AM
That is why we have the problems we now face. When... by Paul Repstock on Friday, Oct 7, 2011 at 4:46:06 AM
That this did not happen only with Kim Yung Ill (n... by BFalcon on Friday, Oct 7, 2011 at 9:42:55 AM
Who said anything about Korea?   All com... by bern on Sunday, Oct 9, 2011 at 10:50:07 PM
Lenin took Marx and Engles and turned their ideas ... by Dave Lindorff on Friday, Oct 7, 2011 at 8:56:08 AM
Whenever Marx's ideas were tried, it was a disaste... by BFalcon on Friday, Oct 7, 2011 at 9:33:38 AM
And BTW, I would advise to judge people by the lev... by Mark Sashine on Friday, Oct 7, 2011 at 9:39:43 AM
How many millions of  women and children, edu... by bern on Saturday, Oct 8, 2011 at 10:29:13 PM
Once again a spectre is knocking on the door of Eu... by bob elia on Friday, Oct 7, 2011 at 4:07:35 AM
Scientific Marxism is a rhetorical term. What scie... by Mac McKinney on Sunday, Oct 9, 2011 at 9:27:36 AM
No matter what the brand of 'ism', if it is used t... by Paul Repstock on Friday, Oct 7, 2011 at 4:36:20 AM
I  feel funny when I read all those  com... by Mark Sashine on Friday, Oct 7, 2011 at 8:26:17 AM
Oh really, just who are the parasites here that yo... by bern on Saturday, Oct 8, 2011 at 10:49:19 AM
you said:  "for  people of Japan ( make ... by bern on Saturday, Oct 8, 2011 at 10:53:37 AM
What needs to be remembered is that Britain used t... by lwarman on Friday, Oct 7, 2011 at 10:36:11 AM
Marx was a smart analyst, smart enough to realize ... by Mac McKinney on Friday, Oct 7, 2011 at 11:40:03 AM
This country passed anti trust laws years ago to a... by bern on Wednesday, Oct 12, 2011 at 5:16:26 PM
That Marx's quote reminded me a bit of the Leo Tol... by David McBain on Friday, Oct 7, 2011 at 12:25:06 PM
If the people knew about it, they would demand ... by John Steinsvold on Friday, Oct 7, 2011 at 2:22:10 PM
Please apologize for directing us to that writing ... by bern on Saturday, Oct 8, 2011 at 6:07:00 PM