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All of Marx’s major predictions have turned out to be wrong. He said that societies based on a market economy would suffer spiraling class polarization and the disappearance of the middle class. Every society lucky enough to enjoy the fruits of a market economy shows that Marx was wrong about that. He predicted the growing immiseration and impoverishment of the working class in capitalist societies. (Actually, he didn’t merely predict that it would happen, he predicted that it would happen necessarily and inevitably—thanks, Hegel!) The opposite has happened. Indeed, as Kolakowski notes, “in the second edition of Capital Marx updated various statistics and figures, but not those relating to workers’ wages; those figures, if updated, would have contradicted his theory.”
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Roger Kimball, "Leszek Kolakowski & the anatomy of totalitarianism," New Criterion June 2005.

 

Karl Marx

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[M]odern capitalism has managed to avert, without changing its fundamental characteristics, practically all the consequences which Marx predicted would result from the basic contradiction between the forces and the relations of production. […] Marx predicted an increasing frequency and gravity of "realization" crises, a spectacular decline of the rate of profit, rising unemployment, Verelendung [impoverishment] of the working class, etc., culminating in an increasingly bitter class struggle that would eventually lead to the overthrow of the entire system by a proletarian revolution. These developments would demonstrate, according to Marx, that production for private gain is inherently contradictory rather than merely the cause of some, in principle resolvable, conflicts and problems. Now, none of these predictions (except perhaps a certain amount of economic concentration) has actually occurred […] there is no independent evidence, apart from Marx's word, to support the claim that capitalism remains contradiction ridden.

 

Karl Marx

 

In fact, it would be very easy to ‘prove’ Marx’s analysis to have been wrong, if experience had shown, for example, that the more capitalist industry develops, the smaller and smaller the average factory becomes, the less it depends upon new technology, the more its capital is supplied by the workers themselves, the more workers become owners of their factories, the less the part of wages taken by consumer goods becomes (and the greater becomes the part of wages used for buying the workers’ own means of production). If, in addition, there had been decades without economic fluctuations and a full-scale disappearance of trade unions and employers’ associations (all flowing from the disappearance of contradictions between Capital and Labour, inasmuch as workers increasingly become the controllers of their own means and conditions of production), then one could indeed say that Capital was so much rubbish and had dismally failed to predict what would happen in the real capitalist world a century after its publication.

 

Ernest Mandel

 

The working class must be emancipated by the working class.
Woman must be given her true place in society by the working class.
Child labor must be abolished by the working class.
Society must be reconstructed by the working class.
The working class must be employed by the working class.
The fruits of labor must be enjoyed by the working class.
War, bloody war, must be ended by the working class.

 

Eugene V. Debs

 

Marx saw the coming of communism (in his sense) as the result of a long series of struggles, transforming conditions and men. The kind of society he envisioned required, as Lenin observed, “a person not like the present man on the street.” Marx saw this new sort of person emerging as a natural result of the sobering process of a social struggle lasting perhaps a half-century. The educational role of adversity and setbacks for the proletariat was a recurrent theme in the writings of Marx and Engles. Lenin, on the other hand, believed that the proletariat would never automatically the necessary class outlook and purposeful unity: “Class political consciousness can be brought to the working class only from without.” Whatever the relative merits, in terms of realism, of the Marxist verses the Leninist conceptions of the working class, this crucial shift of assumptions necessitated a fundamental change, however covert, in the line of march towards communism, both before and after the seizure of power [by Lenin and the Bolsheviks].

 

Karl Marx

 

In Marx’s class analysis, it is the employer who is the ruler and the employee the ruled. This of course makes no sense economically or in any other way. However, what is wrong with Marxist class analysis is not the class analysis, but rather the Marxism.

 

Karl Marx