Marxist IQ: Political Economy 101

BY:Communist Party USA| May 8, 2019
Marxist IQ: Political Economy 101


1. Although mass media focuses attention on personalities and scandals in understanding events,  Marxists see as the central force in understanding history the struggle between:

a) political parties;
b) social classes;
c) ideas;
d) empires.

2. In the United States presidential elections have  at crucial times been both a response to and a material force accelerating major  domestic progressive transformations, which makes the 2020  election and the choice of  candidate of great importance. Which of the following elections did not serve to accelerate a major progressive transformation in domestic policies:

a) Abraham Lincoln’s victory in 1860;
b) Bill Clinton’s victory in 1992;
c) Franklin Roosevelt’s victory in 1932;
d) Lyndon Johnson’s victory in 1964.

3. While the Trump administration “hails” the economy today, Marxists contend that capitalists cannot increase workers purchasing power enough to overcome the crisis of overproduction because:

a) They are inherently greedy;
b) they don’t want workers to waste their money;
c) their profit comes from controlling and  reducing the cost of labor;
d) they want workers to save money before they purchase goods;

4. Marxists have contended that  the working class purchasing goods and services under credit/installment plan conditions strengthens the  capitalist class  because:

a) the capitalist class gets back in interest payments wage increases to workers;
b) debt forces workers to live from paycheck to paycheck, increasing their insecurity and the ability of capitalists to exploit them;
c) credit/installment plan conditions fosters the illusion among workers that their  purchase of personal property on credit makes them “middle class;”
d) all of the above.

5. The Trump administration is acting to overthrow the Bolivarian Socialist government of Venezuela in the name of “restoring democracy.” This is in the tradition of:

a) The CIA “ 1954 overthrow of elected Guatemalan President Jacobo Arbenz, which resulted in a brutal dictatorship in which tens of thousands were murdered;
b) The failed  U.S. planned and  CIA directed  1961 Bay of Pigs invasion of Cuba which set in motion the 1962 Cuban Missile Crisis which nearly resulted in nuclear war;
c) The U.S. support for the 1973 military coup against the Socialist government of Salvador Allende, which resulted in the murderous military dictatorship of Augusto Pinochet;
d) All of the above.

6. U.S. politicians continue to condemn The Peoples Republic of China’s  record on “human rights” and “democracy.” Strengthening the Trump administration’s threats to implement punitive tariffs against the PRC.  Historically, the U.S. government  and ruling class showed its respect for the “human rights” and “self determination” of the Chinese people by:

a) Refusing to participate in the foreign armies bloody  suppression of the Boxer Rebellion of 1900;
b) Refusing to sell  oil and other goods used for war to the Japanese Empire after it launched a full scale invasion of China that would cost millions of lives in 1937;
c) Recognizing the Peoples Republic of China after its establishment in 1949 and  refusing to  intervene with the U.S. Navy  to block   the re-unification of China with Chinese Taiwan in 1950;
d) None of the above.


Get your answers here.



    The Communist Party USA is a working class organization founded in 1919 in Chicago, IL.

    The Communist Party stands for the interests of the American working class and the American people. It stands for our interests in both the present and the future. Solidarity with workers of other countries is also part of our work. We work in coalition with the labor movement, the peace movement, the student movement, organizations fighting for equality and social justice, the environmental movement, immigrants rights groups and the health care for all campaign.

    But to win a better life for working families, we believe that we must go further. We believe that the American people can replace capitalism with a system that puts people before profit — socialism.

    We are rooted in our country's revolutionary history and its struggles for democracy. We call for "Bill of Rights" socialism, guaranteeing full individual freedoms.

Related Articles

For democracy. For equality. For socialism. For a sustainable future and a world that puts people before profits. Join the Communist Party USA today.

Join Now

We are a political party of the working class, for the working class, with no corporate sponsors or billionaire backers. Join the generations of workers whose generosity and solidarity sustains the fight for justice.

Donate Now

CPUSA Mailbag

If you have any questions related to CPUSA, you can ask our experts
  • QHow does the CPUSA feel about the current American foreign...
  • AThanks for a great question, Conlan.  CPUSA stands for peace and international solidarity, and has a long history of involvement...
Read More
Ask a question
See all Answer