Marx has been declared dead so many
times, and yet he keeps coming back again and again, the reason being
that his ideas, his theories, are the only ones that can explain the
present crisis of capitalism. Here a Nigerian Marxist gives his views
on the relevance of Marx’s ideas today.

Today is the third anniversary of the death of Ted Grant who died on July 20th 2006 aged 93. To mark this we are making available an article on Marxism from 1994.In September Wellred will be publishing the first volume of Ted Grant’s writings.

The second main thread in all the New Fabian Essays is a criticism of the totalitarian regimes in Russia, China and Eastern Europe, and the identification of Marxism with Stalinism. Here it is necessary to steer between two fatal mistakes. The one typified by the mixed group who maintained long and discreet silences about the crimes of Stalinism, with only the faintest trace of ‘criticism’; and those who fail to make a distinction between the political regimes of Stalinism and the basic economic revolution on which the Stalinist bureaucracy and its satellites base themselves. Either mistake can be fatal for the developing left wing in the Labour Party.