[rohanshah]

"Marxism has therefore given up trying to provide an explanation for the 20th century history... The reason for this failure lies in the fact that Marxism never made a meaningful distinction between standard Marxist schemes regarding the succession of socio-economic formations (what I call the Western Path of Development, WPD) and the evolution of poorer and colonized countries. Classical Marxism never asked seriously whether the WPD is applicable in their case."

In fact this was/is an active area of research, namely Post Colonial Theory and Subaltern Studies, which has been heavily criticized and reified with a more classic Marxist analysis since. Post Colonial Theory and the Specter of Capital [1] is perhaps the most accessible such critique.

[1] https://en.wikipedia.org/wiki/Postcolonial_Theory_and_the_Sp...