There is much talk now in all sorts of bourgeois media all over the world about the glory and resurgence of the ‘emerging’ countries and their economy. The media is never tired of highlighting that these countries are turning out to be the new locomotive of the global capitalist economy. The significance of their role in resolving the intensifying crisis of world capitalism is also being asserted ceaselessly. There is also talk of the shifting of the balance of economic power and importance towards the emerging countries such as China, India, Brazil etc. These countries are becoming more and more important to world capital.

In the first part of this chapter (IR 75), we began to examine the historical context in which Marx dealt with capitalist society: as the last in a series of systems of exploitation and alienation, as a form of social organization no less transient than Roman slavery or mediaeval feudalism. We noted that, in this framework, the drama of human history could be considered in the light of the dialectic between the original social ties of humanity, and the growth of commodity relations which has both dissolved these ties and prepared the ground for a more advanced form of human community. In the section that follows we concentrate on the mature Marx's analysis of capital itself - of its inner nature, its insoluble contradictions, and of the communist society destined to supplant it.