Remembering Karl Marx: His Legacy 141 Years On

Yesterday marked the 141st death anniversary of Karl Marx, a philosopher, economist, political theorist, historian, sociologist, journalist, and revolutionary socialist. Born in Trier in the Kingdom of Prussia, Marx’s ideas and theories, collectively known as Marxism, have exerted enormous influence on modern intellectual, economic, and political history.

Marx is best known for his critique of capitalism. He believed that the biggest ill of capitalism is the wealth inequality it creates through the ‘exploitation of labor,’ which he described as the driving force of capital. While capitalism promotes innovation and technological advancement, the prospects of automation triggers the fear of unemployment, instead of ensuring greater comfort and welfare of people.

Even 141 years after his death, Marx’s legacy continues to shape our understanding of the world. His critique of capitalism provides a valuable lens for analyzing issues of inequality, alienation, and the concentration of power. His theories continue to live on through economics, politics, and just about every facet of life.

On this day, let’s remember Marx for his invaluable contributions to our understanding of society and economy. His vision of a free society of free men continues to inspire and challenge us to strive for a more equitable world.