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International Herald Leader: The Western Capitalist System’s Crisis and the Resurgence of Marxism

On February 13, 2012, the International Herald Leader, a newspaper under Xinhua News Agency, published an analytical article on its front page in which it observed, “The capitalist system has encountered the biggest crisis since its birth.” Holding Western capitalism accountable for the financial crisis and the economic recession since 2008, the article described “signs of a resurgence of Marxism” in the Western world.

“After the 21st century, though crises have occurred in the Soviet Union and Eastern Europe, contradictions still exist in the capitalist society. That is why more and more scholars value Marxism. Especially since the financial crisis, more and more people have been accepting the Marxist doctrine.”

Source: International Herald Leader, February 13, 2012