Review: Manifesto of the Communist Party

Manifesto of the Communist PartyManifesto of the Communist Party by Karl Marx

My rating: 5 of 5 stars

I got interested in this book because Dalai Lama’s own favorable ¬†experiences with communism as per his autobiography. I am glad that I read it.

Its not easy to read as the sentence constructs and contexts are not familiar. Still, it builds a very good picture of class struggle. One could look at some of the struggles today; say that of Naxals, and find a lot of similarities. No wonder that even today a lot of people turn to this and other books of communism. One can also see its ideas resonating for a large number of people and why it could form a bedrock for revolutions.

While it does bring a strong case for the proletariat and their problems, the picture remains simplistic. One important part that it ignores is the role of technology in economic evolution. Its prescriptions for a solution are not detailed and not examined against practical realities. Its no wonder that many of the countries following this model have had to rethink.

Overall, I love this book for its description of class struggles. Also, it remains a benchmark of political argument that stirs souls. A must read for anyone interested in people, societies and change. Avoidable if you are looking for deep economic analysis or assessment.

Interesting Reads – 25 June 2010

Reading at Seattle Library on Tetris Chairs

Economics and Finance

The Long Now of Finance update. An ongoing attempt to see what the world of finance be in 10,000 years from now.

Making it fun to save. A very interesting idea to enable savings products on top of the usual no frills account that financial inclusion typically provides.

The average credit rating for corporation has fallen in last 30 years. This mirrors the rise of Private equity, Hedge funds and LBOs. This also means that premium for a higher credit rating should be higher than before. In other words, while the average has worsened, the standards for good vs bad haven’t.

IT

Bank in a Box. A very good summary of the business and operations models on offer in today’s core banking software market

Startup

Celent’s selection of Financial Technology Start ups.

Start ups from the Mobile Breakfast event

Mobile

Apple’s people centric design

Social Media

How many times should one tweet one’s post. Good post and discussion

Science

A more reliable invisibility cloak. Remember Harry Potter?

Research shows that memory improves while walking.