Marxist categories still explain contemporary multinational and media capitalism

Evidence

The question may therefore be rephrased as a question about Marxism: do the categories developed there for the analysis of classical capitalism still retain their validity and their explanatory power when we turn to the multinational and media societies of today with their “third-stage” technologies? The persistence of issues of power and control, particularly in the increasing monopolization of information by private business, would seem to make an affirmative answer unavoidable, and to reconfirm the privileged status of Marxism as a mode of analysis of capitalism proper. — Jean-François Lyotard, The Postmodern Condition, 48

Categorization

  • QUESTION: Jameson’s affirmative answer on Marxism re capital monopolization is the hinge connecting Lyotard’s postindustrial-info society thesis to Jameson’s own cultural logic of late capitalism piece.
  • XREF: connects to: The modern-to-postmodern shift correlates with capitalism’s transformation from monopoly to multinational — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 374; Repudiating Marxism reframed global power as a West-non-West relation of nations rather than classes — Aijaz Ahmad, In Theory: Nations, Classes, Literatures, 70; New social movements and the global proletariat both stem from multinational capitalism. — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 695 (+7 more)

Broader Connections