Socialism and Marx's Capital - Radhika Desai

Radhika Desai is a Professor at the Department of Political Studies, and Director of the Geopolitical Economy Research Group, University of Manitoba, Winnipeg, Canada. On March 26, 2022, Radhika Desai spoke at a webinar entitled Clarifying the Struggle for Socialism: Uses and Misuses of Marx's Capital. This webinar focused on both the historical and contemporary burdens of misreadings of Capital and, just as importantly, the inspiring revolutionary applications of the text.

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[nthperson]

I ask whether "capitalism" exists, or whether the socio-political arrangements and institutions that evolved in societies where market forces were nurtured have always been dominated by hierarchical political power and monopolistic economic privilege. The origins of the existing structure come from landlordism, and landlordism was not replaced. Rather, it evolved from agrarian landlordism by the addition of commercial agriculture and the factory system of industrial production and employment. This expanded form of landlordism expanded further by the opportunities for financial monopolies.

As Winston Churchill correctly observed early in his political life, monopoly is the enemy of the people, and the monopoly of land is "the mother of all monopolies."