Paul Jay, from The Real News, speaks again to Leo Panitch, Professor of Political Science at York University in Canada about the relevance of Karl Marx’s theories today. They discuss climate change and the economy as seen from a Marxist perspective. Panitch says that many non-Marxists are advocating Marxist-like ideas, such as putting "banks into the hands of the State" because "in the face of this [economic] crisis, it's rational."
Panitch reminds us "that what Marx was about was trying to help people overcome their social isolation, which is produced in this market, individualistic, commodified society....and undertake a massive social and political transformation."
There is one kind of socialism in America that is fine - that is socialism for the rich. Read about it here.
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