By SEAN MCELWEE
Roling Stone | Jan 30, 2014
There's a lot of talk of Karl Marx in the air these days – from Rush Limbaugh accusing Pope Francis of promoting "pure Marxism" to a Washington Times writer claiming
that New York City Mayor Bill de Blasio is an "unrepentant Marxist."
But few people actually understand Marx's trenchant critique of
capitalism. Most people are vaguely aware of the radical economist's
prediction that capitalism would inevitably be replaced by communism,
but they often misunderstand why he believed this to be true. And while
Marx was wrong about some things, his writings (many of which pre-date
the American Civil War) accurately predicted several aspects of
contemporary capitalism, from the Great Recession to the iPhone 5S in
your pocket.
Here are five facts of life in 2014 that Marx's analysis of capitalism correctly predicted more than a century ago:
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