“The re-discovery of Marx,” Marcello Musto argues, “is based on his persistent capacity to explain the present: he remains an indispensible instrument for understanding it and transforming it.”. It is true that the continuity of problems connecting our world to Marx’s ensures the relevance of historical materialism. At the same time, changes in the structure and scale of capitalism, as well as failures of nineteenth and twentieth century socialism to build a democratic and life-affirming alternative, force twenty-first century socialists to (...) risk new theoretical and practical departures. Yet, nowhere is a consistent ethical-political-economic foundation for twenty-first century socialism fully spelled out. The aim of this paper is to provide the missing foundations of a democratic and ecological socialism in the idea of life-value and the principle of life-coherence developed in the work of John McMurtry. (shrink)