Social and Behavioral Sciences Commons^™

A Theory Without A Movement, A Hope Without A Name: The Future Of Marxism In A Post-Marxist World, Justin Schwartz

Justin Schwartz

Just as Marx's insights into capitalism have been most strikingly vindicated by the rise of neoliberalism and the near-collapse of the world economy, Marxism as social movement has become bereft of support. Is there any point in people who find Marx's analysis useful in clinging to the term "Marxism" - which Marx himself rejected -- at time when self-identified Marxist organizations and societies have collapsed or renounced the identification, and Marxism own working class constituency rejects the term? I set aside bad reasons to give on "Marxism," such as that the theory is purportedly refuted, that its adoption leads necessarily …

European Colonial Terrorism And The Incorporation Of Africa Into The Capitalist World System, Asafa Jalata

Asafa Jalata

This article critically explores the essence and characters of European colonial terrorism and its main consequences on various African peoples during racial slavery, colonization, and incorporation into the European-dominated capitalist world system between the late 15th and 20th centuries. It employs multidimensional, comparative methods, and critical approaches to explain the dynamic interplay among social structures, human agency, and terrorism to critically understand the connections among terrorism, the emergence of globalization, and African underdevelopment. The piece focuses on four central issues: First, it conceptualizes and theorizes terrorism to clarify its roles in creating and maintaining the global system. Second, it focuses …

Terrorism From Above And Below In The Age Of Globalization, Asafa Jalata

Asafa Jalata

This paper explains how the intensification of globalization as the modern world system has increased the oc- currence of terrorism from above (i.e. state actors) and from below (i.e. non-state actors). We cannot adequately grasp the essence and characteristics of modern terrorism without understanding the larger cultural, social, eco- nomic, and political contexts in which it takes place. Since terrorism has been conceptualized, defined, and theo- rized by those who have contradictory interests and objectives and since the subject matter of terrorism is com- plex, difficult, and elusive, there is a wide gap in establishing a common understanding among the …

The Government Shareholder: Regulating Public Ownership Of Private Enterprise, Benjamin A. Templin

Benjamin A. Templin

During the subprime financial crisis of 2007-2009, the U.S. transformed its policies from a focus on privatization and deregulation to one where the government plays an active role as a market participant. By the end of the 2009 fiscal year, the U.S. government became one of the largest shareholders in the world owning a portfolio of investments valued at $959 billion. Some pundits condemned the investments as socialism. The sudden increase in the government portfolio is better understood as a Keynesian response to market failure rather than a change in the political economy. However, the dramatic increase in the government …

In Defence Of Exploitation, Justin Schwartz

Justin Schwartz

The concept of exploitation is thought to be central to Marx's Critique of capitalism. John Roemer, an analytical (then-) Marxist economist now at Yale, attacked this idea in a series of papers and books in the 1970s-1990s, arguing that Marxists should be concerned with inequality rather than exploitation -- with distribution rather than production, precisely the opposite of what Marx urged in The Critique of the Gotha Progam.

This paper expounds and criticizes Roemer's objections and his alternative inequality based theory of exploitation, while accepting some of his criticisms. It may be viewed as a companion paper to my What's …

The Paradox Of Ideology, Justin Schwartz

Justin Schwartz

A standard problem with the objectivity of social scientific theory in particular is that it is either self-referential, in which case it seems to undermine itself as ideology, or self-excepting, which seem pragmatically self-refuting. Using the example of Marx and his theory of ideology, I show how self-referential theories that include themselves in their scope of explanation can be objective. Ideology may be roughly defined as belief distorted by class interest. I show how Marx thought that natural science was informed by class interest but not therefore necessarily ideology. Capitalists have an interest in understanding the natural world (to a …