Recent content

Marx has been badly served by disciples who have succeeded neither in assessing the limits of his theory nor in determining its standards and field of application and has ended up by taking on the role of some mythical giant, a symbol of the omniscience and omnipotence of homo faber, maker of his own destiny.

The history of the School remains to be written, but at least we know how it came into being: Marxism, as the codification of a misunderstood and misinterpreted body of thought, was born and developed at a time when Marx’s work was not yet available in its entirely and when important parts of it remained unpublished. Thus, the triumph of Marxism as a State doctrine and Party ideology preceded by several decades the publication of the writings where Marx set out most clearly and completely the scientific basis and ethical purpose of his social theory. That great upheavals took place which invoked a body of thought whose major principles were unknown to the protagonists in the drama of history should have been enough to show that Marxism was the greatest, if not the most tragic, misunderstanding of the century. But at the same time this allows us to appreciate the significance of the theory held by Marx that it is not revolutionary ideas or moral principles which bring about changes in society, but rather human and material forces; that ideas and ideologies very often serve only to disguise the interest of the class in whose interests the upheavals take place. Political Marxism cannot appeal to Marx’s science and at the same time escape the critical analysis which that science uses to unmask the ideologies of power and exploitation.

In this pamphlet we shall identify the essential features of capital­ism and then go on to discuss state capitalism and the nature of the capitalist class. We shall be describing in Marxian terms, concisely but thoroughly, the economic mechanism and set of social relation­ships that constitute capitalism. We believe Marx’s analysis to be in general still valid even if, the institutional forms of capitalism have changed from those of Britain in the nineteenth century which Marx studied.

The Bolshevik seizure of power in Russia put the clock back in the sense that before the First World War the radical wing of the international Social Democratic movement was making progress towards positions similar to those of the Socialist Party in Britain but, after 1917, most of those involved were side-tracked into supporting the Bolsheviks. For many this was only a temporary dalliance, but the damage had been done. Crucially, when they were to break with the Bolshevik regime they did not entirely break with the Bolsheviks' ideas, regarding themselves as “leftwing communists” as they called themselves; in particular they accepted that the Russian revolution had been some sort of “working-class” revolution which had gone wrong but which still had some positive lessons for workers in the rest of Europe.