ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Peter HudisSubscribe to Peter Hudis

Marx’s Concept of Socialism

Although the work of Karl Marx continues to cast an enormous influence on debates concerning the nature of capitalism, one of the least theorised dimensions of his body of thought is his conception of the society that must supplant capitalism. While Marx never devoted a specific work to a discussion of life after capitalism, in large part due to his aversion to indulging in utopian and speculative reflections about the future, his distinctive critique of the central realities of capitalism—such as the dual character of labour, socially necessary labour time, and the law of value and surplus value—intimates a form of future social relations that is far more liberatory than has generally been appreciated.
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