Question

How is Karl Marx theory relevant in modern world of globalisation?

Answer 1

McLellan: The point of commemorating Karl Marx is simply to keep his memory, and more importantly, the memory of his writings and thoughts alive, so that people in the present day can meditate and learn from them.

Clearly the most important area in which Marxism has changed the world is in the Russian Revolution of 1917, and then the founding of the People's Republic of China (PRC) by the Communist Party of China in 1949. Thus Marxism has configured 21st century politics in a way. The very existence of the Soviet Union and the PRC has given movements of national liberation and anti-Western imperialism a lot of encouragement across the world, whether in Asia, Africa or Latin America. The two big socialist states the Soviet Union and the PRC themselves are a very big contribution of Marxism.

Answer 2

Explanation:

Marx's ideas about overproduction led him to predict what is now called globalization – the spread of capitalism across the planet in search of new markets. “The need of a constantly expanding market for its products chases the bourgeoisie over the entire surface of the globe,” he wrote.

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