So Marxism isn't dead after all

When I did my OU degree in the 1980s it was obligatory in every essay to examine the Marxist explanation for the issues under analysis. I always found it provided interesting insights and it was also pretty easy to get good marks as the Marxist perspective was always the same.

Then, with the rise of the neo cons Marxism appears to have almost vanished. It seems that the only Marxist left in the UK is Prof Eric Hobsbawm. Once demonised by the right, he is now a Companion of Honour and almost as venerated as the Honourable Anthony Wedgwood Benn.

Anyhow, browsing the internet I was interested to see a video (now widely available) of one Professor Rick Wolff, Department of Economics at the University of Massachusetts. Prof Wolff is an American Marxist who has finally found his voice and audiences prepared to listen to him.

His lecture in Amherst on October 7, 2008 is available here

http://www.vimeo.com/1962208

I found it riveting. It is still in part the familiar glib Marxist line but it does put the present economic crisis in a new perspective.