Tom Rockmore

New readings have recently been offered by Frederick Beiser and Robert Brandom of Hegel, a notoriously difficult writer. I believe that both Beiser and Brandom go astray in reading Hegel otherwise than how he reads others, that is, in terms of the internal development of their theories in response to philosophical problems with which they were concerned as opposed to other, external concerns. Beiser reads Hegel’s position in the context of German idealism in order to refute it and Brandom reads it in the context of analytic philosophy to learn from it. I will be recommending an alternative reading of Hegel’s position in the context of German idealism in order to learn from it. I believe we cannot magically detach Hegel from idealism in order to learn from, or even to understand, his position. But I also believe we need to interpret German idealism differently in order to grasp Hegel’s contribution.

A great deal of attention has been devoted to Marxian man in recent years as a result of the increased interest in the early Marx. A complete list of all those who have considered this problem cannot be given here, but Lukács, Fromm, Popitz, Petrovic, and Schaff, and among more recent contributors Avineri, Mészáros, Sève and Hartmann should be mentioned. The result of all this attention has been, as could be expected, somewhat ambiguous. On the one hand, progress has been made in several areas. For one thing, it has become increasingly apparent that there are at least strong indications of a view of the human individual in Marx’s thought, especially in the early writings, although the intrinsic significance of that view, for Marx’s position and in general, is a matter of debate. On the other hand, a controversy has arisen in the literature. This controversy is basically three-cornered. It roughly divides those who consider Marx’s early so-called humanism as a phase that was definitely superseded in his mature work. The principal representatives of this view are Althusser and his school. Against this, Sartre has argued that Marx in fact has no theory of the individual and his position is hence in danger of collapse because of this lack. Schaff has countered that there is a view of man implicit in Marx’s position, a view which needs to be reconstructed and further developed.

This article examines two views about the capitalism that lies at the heart of modern industrial society. We owe to Marx and Piketty two large-scale, hugely important, but very different studies of the nature of modern industrial capitalism. In Capital, Marx provides a complex analysis of the anatomy of modern industrial capitalism, which he regards not as stable but rather as over time unstable and tending toward internal collapse on several grounds, of which the most important is apparently the so-called tendency of the falling rate of profit. The falling rate of profit supposedly threatens its continued existence. Piketty criticizes the latter view in the context of his theory of contemporary capitalism. The article suggests, first, that Marx's view of the falling rate of interest is empirically implausible but Piketty's rival claim is empirically plausible. Second, a successful transition from capitalism to communism on Marxian grounds is unlikely in practice. And finally, despite Marx's intentions, it is unlikely to realize itself in practice, and is in this respect a traditional theory.

In the Communist Manifesto, in a famous boutade, Marx and Engels claimed that capitalism was in the process of bringing forth its own gravediggers. This assertion may once have been true. But lately it has seemed less likely as a description of contemporary society which, for all its problems, appears surprisingly robust. Although capitalism has its problems, and perhaps cannot be said to exist now in the sense that it was described by Marx and Engels, as a social system it has always exhibited the kind of staying power which cast doubt on the theory which predicted its demise. Indeed, it would be more accurate to say that, for numerous reasons which cannot be cited here, in recent years Marxism has been digging its own grave as the results of the theory in practice become more widely known.