Scarcity

Forstater, Mathew ForstaterM at umkc.edu
Mon Apr 9 06:59:59 PDT 2001


Justin wrote:

It is of course _profoundly_ anti-Marxist, for those of you who care about such things; Marx praised capitalism for its creation of nrew wants and needs.

Me:

This oft cited claim that Marx thought capitalism was better than anything that came before (really, that it is a necessary but cruel phase creating conditions for social transformation) should be qualified with the recognition that his and Engels' later studies of pre-capitalist formations may be seen as leading to different conclusions that were never fully fleshed out. In his intro to the Formen, Hobsbawm notes that Marx "found himself increasingly appalled" by the inhumanity of capitalism and that M and E "always admired the positive social values embodied, in however backward form, in the primitive community" leading them to a deeper study of the "backward" Russian Peasantry." This does not imply advocating a return to a romanticized golden age of an early non-capitalist formation, but it does take some of the wind out of the "Marx thought capitalism was the greatest thing ever." See Stanley Diamond, Peter Rigby, Walter Rodney.

Mat



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