Rethinking Capitalism: Class 4

I think what Moishe Postone gave us Wednesday was a rather dazzling reading of Volume 1 of Capital, which can be best approached by contrasting it to other readings. Postone rejects the idea that in Capital Marx saw himself as unveiling the “real” secret of capitalism in the hidden abode ...
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Rethinking Capitalism: Class 3

I think there are two great questions to take away from Nancy Fraser’s approach to understanding capitalism, one small and one large. The smaller one concerns the analogy between feudalism and capitalism. This was not discussed last night but it seems to me important. Both belong to the same set ...
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Rethinking Capitalism: Class 2

The second class had what I regard as a pellucid account of capitalism from Duncan Foley. The main points that I took away from it are: 1) Capitalism has to be seen as a quasi-natural form of social organization, which is rooted in the division of labor. The key point of ...
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Rethinking Capitalism

Capitalism, by its nature, cannot be understood through the lens of any one discipline. Most importantly, it is not fully comprehensible by economics; there is no such thing as an economic theory of capitalism. Philosophy is important, for example to understand the moral standing of capitalism, but it is scarcely ...
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Byzantine Matters

The current issue of the New York Review of Books (December 18, 2014) contains Peter Brown’s review of Averil Cameron’s recent Byzantine Matters, which illustrates some of what is wrong with academia in general today, and especially with the discipline of history. Peter Brown is a truly great historian, famous ...
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The Future of Democracy

Martin Jacques, a former leader of the British Communist Party, poses an important challenge in Friday’s Financial Times. He questions the widespread “Western” (i.e. European and American) assumption that our democratic system is superior to China’s authoritarian state, and the usual correlate, that the Chinese system is unstable. As Jacques ...
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How Capitalism Will End

The need to organize the economic life of humanity better than capitalism does is well established. Capitalism -- by which I mean the buying and selling of labor power -- breeds inequality, as Karl Marx showed and as Thomas Piketty has just re-demonstrated. Capitalism subordinates collective needs, such as our ...
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What’s Left?

A response to Jeremy Varon

Jeremy Varon’s interesting and important response raises three questions: 1) What do we mean by a “Left”? 2) How are we to understand the New Left’s break-up and, specifically the relation of the women’s movement to that break-up and 3) How are we to evaluate the Left today? Let me ...

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What’s Left?

The War on Fascism

By my title,“The War on Fascism,” I do not mean the war between the US, the Soviet Union and Great Britain, on the one hand, and Nazi Germany, Mussolini’s Italy and imperial Japan on the other, the war that took place between 1939 and 1945. Rather I mean an unspoken ...

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The War on Fascism