How many times have we heard that Marx was wrong and that although he had some insights in to the workings of capitalism he failed to see the dynamism of the capitalist system and its ability to recover from crises and move ever forward? However, in the past few years, every now and then we hear commentators pointing out that Marx was right. The latest is an article published by Time magazine, called “Marx’s Revenge: How Class Struggle Is Shaping the World”.

We present here a video of the opening speech from this year’s Winter School of the International Marxist Tendency, hosted by the UCLU Marxist Society and Socialist Appeal in London, in which Alan Woods – editor of www.marxist.com – discusses the relevance of Marxism today.

To mark the 130th anniversary of the death of Karl Marx we are republishing here a revised version of an article by the late Phil Mitchinson.