Marx and materialism

There is an interesting piece in today's 'the guardian'.
It is written by Giles Fraser, who is vicar of Putney and a lecturer in philosophy at Wadham College, Oxford.

"Marx made the point that capitalism turns everything into a commodity - and thus people into objects. Christians would agree, but also see Marx's uncompromising materialism as being part of the problem. For in spite of Marx, this materialism has been conscripted into the service of capital and forms the bars of our cage. Which is why the Marxists failed, and why the only people offering a genuinely countercultural critique of western modernity are to be found in churches, mosques and synagogues.