Why did Marx understand America better than Europeans do today

I somehow didn't see this one before. On June 28, James Galbraith delivered a keynote lecture to the 50th anniversary symposium of the John F. Kennedy Institute for North American Studies, Freie Universität Berlin. The talk is titled "How Come Europeans Understood the Political Economy of America So Much Better in 1861 than Today, and What Did Karl Marx Have to Do with That?" Listen to the audio here.

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