What We Are Reading Today: Varoufakis on how Marx predicted our present crisis

Updated 23 April 2018
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What We Are Reading Today: Varoufakis on how Marx predicted our present crisis

‘Marx predicted our present crisis and points the way out,’  writes Yanis Varoufakis in The Guardian’s Long Read Series.

Most people think communism has been consigned to the dustbin of history, but Yanis Varoufakis, former Greek finance minister, goes back to the source and examines “The Communist Manifesto,” written by Karl Marx and Friedrich Engels, and published in 1848.

Varoufakis said the book remains unsurpassed as a work of literature that foresaw the predatory global capitalism of the 21st century.

“Today, a similar dilemma faces young people: conform to an established order that is crumbling and incapable of reproducing itself, or oppose it, at considerable personal cost, in search of new ways of working, playing and living together?” Varoufakis wrote. “Even though communist parties have disappeared almost entirely from the political scene, the spirit of communism driving the manifesto is proving hard to silence.”

Marx and Engels forecast that a powerful minority would prove “unfit to rule” over polarized societies.

“The manifesto gives its 21st-century reader an opportunity to see through this mess and to recognize what needs to be done so that the majority can escape from discontent into new social arrangements,” Varoufakis said.


What We Are Watching Today: The Revolution Will Not Be Televised 

Updated 21 May 2018
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What We Are Watching Today: The Revolution Will Not Be Televised 

In Venezuela, where elections took place on Sunday, the legacy of the late firebrand socialist leader Hugo Chavez still dominates the country.

President Nicolas Maduro was the hand-picked successor to Chavez and campaigns on a platform of continuing the “Chavismo” policies.

Those policies have plunged the country into a deep economic crisis, despite it having some of the world’s largest oil reserves.

“The Revolution Will Not Be Televised” is a 2003 documentary, which was filmed by an Irish crew, in the buildup to and during an attempted coup against Chavez in 2002.

It focuses on the role of the private media and the coverage of violent protests.

While it has been accused of pro-Chavez bias, the filmmakers’ close proximity to the unfolding events gives an uncomfortable view of the political schisms that threaten to tear Venezuela apart.