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Vintage stamp with German creator of communism Karl Marx Getty Images

Is Marx Still Relevant?

On the 200th anniversary of Karl Marx’s birth on May 5, 1818, it isn’t far-fetched to suggest that his predictions have been falsified, his theories discredited, and his ideas rendered obsolete. So why should we care about his legacy in the twenty-first century?

MELBOURNE – From 1949, when Mao Zedong’s communists triumphed in China’s civil war, until the collapse of the Berlin Wall 40 years later, Karl Marx’s historical significance was unsurpassed. Nearly four of every ten people on earth lived under governments that claimed to be Marxist, and in many other countries Marxism was the dominant ideology of the left, while the policies of the right were often based on how to counter Marxism.

Once communism collapsed in the Soviet Union and its satellites, however, Marx’s influence plummeted. On the 200th anniversary of Marx’s birth on May 5, 1818, it isn’t far-fetched to suggest that his predictions have been falsified, his theories discredited, and his ideas rendered obsolete. So why should we care about his legacy in the twenty-first century?

Marx’s reputation was severely damaged by the atrocities committed by regimes that called themselves Marxist, although there is no evidence that Marx himself would have supported such crimes. But communism collapsed largely because, as practiced in the Soviet bloc and in China under Mao, it failed to provide people with a standard of living that could compete with that of most people in the capitalist economies.

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