A recent study on tax evasion and inequality carried out by a group of Scandinavian economic researchers reveals just how big a part of the upper 0.01%’s fortunes is hidden in foreign bank accounts. On this basis, the study finds that inequality is probably far higher than originally assumed. This clearly shows how the capitalist system has reached a dead end. These contradictions can only be solved through socialist revolution.

Capitalism is in its deepest crisis in its history. It is an economic, social and political crisis, which is now expressing itself in political turmoil and growing class struggle across the globe. While the ruling class attempts to bury Marxism, it has in fact never been so relevant as it is today. In this updated article Alan Woods explains the essence of Marxism and its role today.