The interesting fact came to light when U.S. president George Bush visited Hungary in 1989 that Karl Marx University in Budapest no longer requires the study of Marx’s major scientific work, Capital. More modern theories are needed, the public was told, and in any case the economic collapse of the Stalinist countries has discredited Marxism. The Hungarian authorities may indeed need capital rather than Capital to salvage their economy. But to understand why such things have come to pass there is no alternative but to consult Marx.


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