Marxist Theory and Contemporary Challenges

According to Eagleton, social class plays a lesser role in post-industrial societies, making Marxian class theory inapplicable.

Eagleton believes that the nature of capitalism has fundamentally changed since Marx's era.

Eagleton attributes declining popular support for Marxism from the mid-1970s onwards to the suppression of the labour movement.

Eagleton outlines conditions he believes are required for successful socialism, including an educated population and existing prosperity.

Market socialism involves collectively owned means of production and democratic worker cooperatives competing in marketplace conditions.