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Marx’s theory of alienation, addressing workers’ estrangement under capitalism, remains relevant today. Contemporary theorists like Harvey, Fraser, and Žižek extend this concept to digital labor and ecological crises, emphasizing how modern capitalism deepens alienation through technological control and environmental degradation. Structural changes are essential for overcoming these pervasive estrangements.
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The concept of commodity fetishism, as discussed by Marx, highlights how capitalism obscures social relations behind commodity production, attributing value to objects instead of labor. Contemporary Marxist theorists, like Žižek, Harvey, and Jameson, extend this analysis, particularly in the digital age, illustrating how digital commodities further mystify labor and social connections.
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Contemporary Marxist theorists envision a democratic, participatory socialist planned economy focused on human needs rather than profit. With technology facilitating coordination without markets, resources are allocated through collective decision-making, emphasizing ecological sustainability and social welfare. This approach fosters empowerment, equality, and genuine democracy, seeking to reshape society for a more just future.
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Leon Trotsky’s The Revolution Betrayed critiques the Soviet Union’s deviation from revolutionary ideals under Stalin. Published in 1937 and reissued in 2015, it analyzes the rise of bureaucracy and predicts the USSR’s collapse due to systemic issues. Trotsky’s insights on democracy and governance remain relevant for contemporary discourse in political and economic contexts.
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The essay explores the evolving role of money in a future socialist society, building on Marxist theory. It argues that money, as a medium of exploitation under capitalism, would eventually wither away or transform in socialism, leading to direct social production and distribution. Initial transitional phases may involve labor vouchers, but these too would vanish…
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Karl Marx’s economic theories emphasize class struggle as the driving force behind societal change and historical evolution. Central concepts include the labor theory of value, surplus value, and historical materialism, which illustrate the antagonistic relationship between the bourgeoisie and proletariat. This conflict reflects broader socio-economic dynamics, ultimately predicting a revolutionary transition towards socialism and communism.



