"Here is the basic insight Karl Marx developed. He said that in capitalism what we've heard about how it works to make technology progress (which it does) and what we've heard about how it produces wondrous amounts of goods and services (which it does) has to be put alongside of the fact that also in the core of capitalism is a fundamental conflict. That the people brought together, the employer on the one hand and the employees, on the other are locked into a relationship that is fundamentally conflictual. That in the core of this system is a relentless, endless, class struggle... The class struggle is everywhere. Marx is the theoretician who explains it. But to pretend that it isn't there, to pretend that we don't have to study it, and to pretend we have no use for the single most developed analysis of it, that's childish." - Richard Wolff
This is a clip from Economic Update: Marxism's Ongoing Relevance.
[S11 E14]
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