Download Capitalism and Catastrophe: A Critical Appraisal of the by S. Rousseas PDF

By S. Rousseas

Capitalism and disaster questions even if there are approaches in complex capitalism that lead necessarily to systemic cave in. the writer demanding situations these Marxian theories in response to a collection of traditionally evolving 'internal contradictions' derived from a only dialectical research of capitalism. partly I he makes a speciality of the debate surrounding Rosa Luxemburg's theories of imperialism and capital accumulation, and on Marx's remedy of technological know-how and expertise within the Grundrisse. partially I I he seriously examines neo- and non-Marxian theories of complicated capitalism, specifically the paintings of Jurgen Habermas in regards to the challenge of political legitimation in complicated capitalism. Professor Rousseas argues that Marxists have seriously underestimated the resilience of the capitalist approach, which needs to be taken under consideration through any concept of political economic climate proper to the 20th century.

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Extra resources for Capitalism and Catastrophe: A Critical Appraisal of the Limits to Capitalism

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But this accumulation of capital is based on the central theme of Marx's 1 844 Manuscripts -private property. It is private prop­ erty that is the cause of alienated and estranged labor; the destruction of objectified labor and man's unity with that other part of his body, inorganic nature. Given the historical conditions of a capitalism based on private property and accumulation, the young Marx had a jaundiced view of the division of labor, which followed from the big capitalists' introduc­ tion of "some kind of organization of the instruments of labor" and their consequent ability, by virtue of the "proportionate concentration and simplification of fixed capital .

1 35 ; Marx's italics). In a celebrated passage relating communism with humanism, Marx wrote (p. 1 35 ; second italics supplied) : Communism, as a fully developed naturalism, equals humanism; it is the genuine resolution of the conflict between man and nature and between man and man the true resolu­ tion of the strife . . between freedom and necessity . . Com­ munism is the riddle of history solved. - . Within communist society, the unity of man with nature is restored and the "hostility" between man's "general consciousness" and his "real life" abolished.

20 Having denied the validity of Marx's original schema of expanded reproduction as being too static to explain the true nature of capitalist development, and having argued that capital accumulation "is more than an internal relationship; it is primarily a relationship between capital and a non-capitalist environment," 2 1 Luxemburg had arrived at a full­ fledged theory of imperialism. "There is no doubt," she wrote in her Anti-Criti,que, "that the explanation for the economic roots of im­ perialism must be deduced from the laws of capital ac­ cumulation .

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