As the third wave of global crisis of capitalism is approaching – the first and second waves being respectively the sub-prime housing and European sovereign debt crises – the so-called emerging and developing economies are entering deeper into economic, political and economic crisis. Nigeria connects to this global crisis through the mechanism of the global crude oil glut and collapsing commodity prices.

On Friday, 23 October, South Africa’s president, Jacob Zuma, announced that there will be no increases to student university fees for next year. This was a clear attempt by the government to contain a movement which has became too big to control.

This year  marks 132 years since the death of Karl Marx. Marx had profound influence on the course of human history and his ideas are more relevant today than they were when he was alive. In the words of his collaborator and comrade,Friedrich Engels: "His name will endure through the ages, and so also will his work''. But the question which this article wish to address here is: why should the revolutionary youth of today discuss and study the ideas of Marxism,and what is its relevance for the youth and workers of South Africa?

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