Should one read Marx today? Which of his theories survive the test of time and which should be abandoned? This article reviews four of Marx’s themes: the quest for material abundance, the compatibility of capitalism and democracy, the role of the state, and the theory of the dynamics of capitalism.

Different attempts have been made to answer Reich’s question of why the majority of those who are hungry don’t steal and why the majority of those who are exploited don’t strike. The two most influential approaches have been the ideological one and the gunman theory. The gunman theory seems to have the upper hand. However, there are cases where oppression takes place in the absence of any gunman. The usual example is the democratic welfare state. We can conceive of such (...) instances of (continued) oppression by a minority of a majority as cases of rational injustice. Unless the privileged minority accepts the introduction of just institutions, there is no way of introducing them. And, for simple egoistic reasons, the minority doesn’t cooperate with the majority. So it is rational for the oppressed majority to endure. (shrink)