Labour Studies Index

Updated: 2022-05-16

The Significance and Shortcomings of Karl Marx

Document type Article
Author Wright, Chris
Journal Class, Race and Corporate Power
Volume 6
Date 2018-07-31
ISSN 2330-6297
Pages 17


In this essay I explain both why Karl Marx remains an important thinker and why he is in some respects inadequate. I focus on the central issue of 'materialism vs. idealism,' and briefly explore ways in which contemporary intellectuals still haven't assimilated the insights of historical materialism. In the last section of the paper I examine the greatest weakness of Marxism, its theory of proletarian revolution, and propose an alternative conceptualization that both updates the theory for the twenty-first century and is more faithful to historical materialism than Marx's own conception was.