Author: Barbara Foley

Distinguished Professor of English and American Studies, Rutgers University Newark

May 5, 2018 /

Some would argue that Karl Marx, author of “Capital,” has been proven wrong on just about everything he wrote. 
These naysayers would point out that Soviet socialism imploded decades ago, and that China is heading merrily down the capitalist path. Marx and his collaborator Friedrich Engels wrote in “The Communist Manifesto” that the capitalist ruling class “produced its own grave-diggers” in the proletariat – that is, the working class. However, we have yet to see workers pick up the shovel and bury capitalism once and for all.