Original sentence: Further, in this view, many of these reforms reflect efforts to "save" or "improve" capitalism (without abolishing it) by dealing with market failures.Marxist economic and political theory are now regarded as obsolete in scholarly circles as they hinge on the universally discredited labor theory of value and iron law of wages, but Marxist ideas still have some credibility in literary criticism and sociology and influence popular politics in some countries
Edited sentence: , inefficiencies of the system.Further, in this view, many of these reforms reflect efforts to "save" or "improve" capitalism (without abolishing it) by dealing with market failures, i