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The 200th anniversary of Karl Marx's birthday meant a lot of things to a lot of very different people. Over the weekend authorities in the western German town of Trier, where Marx was born in 1818, unveiled a giant Chinese-made statue of the philosopher. It drew both cheering supporters from Germany's fringe Communist Party and a motley group of protesters.

“We now have 30 years of distance from reunification," said the town's mayor, Wolfram Leibe. And as the memory of the former East Germany recedes further into the past, he said, it "gives us the possibility to look at Marx with a critical eye, without prejudice." Critics said he was more interested in the influx of tourists coming to Trier and the revenue their Marxist pilgrimages generate. (Who was it who said something about history repeating itself as farce?)

Authorities in China, the last major nation run by a government that lays claim to Marx's ideological legacy, eulogized the co-author of the “Communist Manifesto" and “Capital." President Xi Jinping described Marx as “the greatest thinker of modern times," while state media rolled out a slick TV campaign declaring “Marx was Correct." Even as the People's Republic drifts further away from its Maoist moorings — and as Xi styles himself abroad as a defender of the capitalist order — his government is trying to cultivate loyalty to Marx as part of a broader nationalist platform.

In the West, conservative politicians and writers railed against the violent communist regimes that took power in Marx's name, highlighting the oppression and misery that characterized their rule.

Meanwhile, German President Frank-Walter Steinmeier sounded a more careful note. “We shouldn’t fear Marx, but we don’t need to build any golden statues to him either,” he said last week.

Amid all the noise, one central theme was clear: Whatever you think of him, Marx still matters. The Economist, a British publication that has spent decades sparring with Marxism's disciples, ran a lengthy story this past week arguing that world leaders should still be reading him.

The political demise of the Soviet Union did nothing to diminish the value of Marx's understanding of the forces of capitalism. Indeed, it seems ever more relevant as countries around the world grapple with widening social inequity. Marx's belief in the ideal of a classless society may have made him into the bearded boogeyman of anti-communists, but his economic analysis remains rather uncontroversial.

“Educated liberal opinion is today more or less unanimous in its agreement that Marx’s basic thesis — that capitalism is driven by a deeply divisive class struggle in which the ruling-class minority appropriates the surplus labor of the working-class majority as profit — is correct," philosopher Jason Barker wrote for the New York Times.

The aftermath of the 2008 financial crisis led to the steady rise of populist movements of various stripes in the West, along with a wider realization that the havoc unleashed by bankers was not a bug but a feature of the system. “The post-war consensus that shifted power from capital to labor and produced a 'great compression' in living standards is fading," the Economist noted. “Globalization and the rise of a virtual economy are producing a version of capitalism that once more seems to be out of control."

You can see the rapaciousness of that system in the withering away of the welfare state in many countries, in the growing concentration of wealth among the global megarich and in the deepening adversity facing a generation of people whose parents were once comfortably in the middle class.

Marx would arguably take a look at the West in its current state, where tech companies find new ways to make assets out of human labor, and see echoes of the moment that gave birth to his ideas. “It is the Marx of the 19th century who can attract the people of the twenty-first," Sven-Eric Liedman wrote in a new biography of Marx.

“The gig economy is assembling a reserve force of atomized laborers who wait to be summoned, via electronic foremen, to deliver people’s food, clean their houses or act as their chauffeurs," the Economist elaborated. “In Britain house prices are so high that people under 45 have little hope of buying them. Most American workers say they have just a few hundred dollars in the bank. Marx’s proletariat is being reborn as the precariat."

Of course, while the Marxist diagnosis of the prevailing order is still useful, Marxist prescriptions may offer a lot less. “We need Marx to help us understand the state we’re in," wrote the Guardian's Stuart Jeffries, “though that is only a prelude to the bigger struggle, for which his writings are less helpful: namely, how to get out of it."

It's not surprising that Marx is gaining far less attention in societies where politicians ruled under the banner of communism. “The official stance is that his revolutionary ideas brought misfortune to the Russian people,” Lev Gudkov, director of the independent Levada Center polling institute, said to the Moscow Times last week. “Russians have all but forgotten him.”

And despite the propaganda of China's rulers, the 200th anniversary of Marx's birth isn't likely to lead to an ideological awakening in China's deeply materialistic society.

“It’s extremely hard to push Marxism in modern China especially in this internet era. What it presents is severely unrealistic,” Zhang Lifan, a Beijing-based independent political analyst, said to the Associated Press. “Even inside China, I believe most party members don’t understand or believe in Marxism anymore. Instead, they just use it as a tool for promotion.”

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