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Rev Left Radio

Challenging Capitalism: Reading Michael Parenti on Marxism

Mar 27, 2021
Exploring Marxism's relevance today, challenging capitalism's impact on society, discussing income inequality, analyzing power dynamics through a Marxist lens, and critiquing systemic issues in capitalism.
01:23:36

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Quick takeaways

  • Marx's accurate predictions on business cycles and wealth concentration validate the enduring relevance of his analysis.
  • The widening income gap, concentration of wealth, and rising poverty reflect Marx's critique of capitalism's inherent inequalities.

Deep dives

The Predictive Power of Marxism

Marxism's predictions about business cycles, capital concentration, growth of the proletariat, and proletarian revolution have proven true as time has progressed. From observing business cycles to wealth concentration, the accurate forecasts made by Marx have only become more evident over time.

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