A spectre is haunting Europe.

– The Communist Manifesto

Mark Twain once joked that rumours of his death had been exaggerated. It is a striking fact that, every year for approximately the last 150 years, Marxism has been pronounced defunct. Yet, for some unaccountable reason, it maintains a stubborn vitality, the best proof of which is the fact that the attacks upon it not only continue, but actually tend to multiply both in frequency and acrimony. If Marxism is really irrelevant, why bother even to mention it? The fact is that the detractors of Marxism are still haunted by the same old spectre. They are uncomfortably aware that the system they defend is in serious difficulties, riven by insurmountable contradictions; that the collapse of a totalitarian caricature of socialism is not the end of the story.

In the last few years, ever since the fall of the Berlin Wall, there has been an unprecedented ideological counter-offensive against Marxism, and the idea of socialism in general. Francis Fukuyama went so far as to proclaim the “End of History”. But history continues, and with a vengeance. The monstrous regime of Stalinism in Russia has been replaced by an even greater monstrosity. The real meaning of “free-market reform” in the former Soviet Union has been a frightful collapse of the productive forces, science and culture, on a scale that can only be likened to a catastrophic defeat in war.

Despite all this – or maybe because of it – the admirers of the alleged virtues of capitalism are dedicating considerable resources to affirm that the collapse of Stalinism proves that socialism does not work. It is alleged that the entire body of ideas worked out by Marx and Engels, and later developed by Lenin, Trotsky and Rosa Luxemburg, have been completely discredited. Upon closer examination, however, what is becoming increasingly obvious is the crisis of the so-called free-market economy, which currently condemns 22 million human beings to a life of enforced inactivity in the industrialised nations alone, wasting the creative potential of a whole generation. The whole of Western society finds itself in a blind alley, not only economically, politically and socially, but morally and culturally. The fall of Stalinism, which was predicted by Marxists decades ago, cannot disguise the fact that, in the final decade of the 20th century, the capitalist system is in a deep crisis on a world scale. The strategists of Capital look to the future with profound foreboding. And at bottom the more honest among them ask themselves the question they dare not answer: Was old Karl right after all?

Whether one accepts or rejects the ideas of Marxism, it is impossible to deny the colossal impact that they have exercised on the world. From the appearance of The Communist Manifesto, down to the present day, Marxism has been a decisive factor, not only in the political arena, but in the development of human thought. Those who fought against it were nevertheless compelled to take it as their starting point. And, irrespective of the present state of affairs, it is an indisputable fact that the October Revolution changed the entire course of world history. A close acquaintance with the theories of Marxism is therefore a necessary precondition for anyone who wishes to understand some of the most fundamental phenomena of our times.