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From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Carrol Cox


1. Was capitalism invented? Or was it always there in some form but
could only emerge under specific historical conditions. (I myself
believe that Max Weber and Jim Blaut _both_ assumed a positive answer to
this question, and that Jim's work can be understood as an effort to
reject Weber's conclusions after accepting his premises.) Or was the
emergence of capitalism a contingency rooted in a particular set
historical conditions, and those who "originated" had not the remotest
conception of what would be the the historical consequences of their
actions? My own position is the third possibility, and I hold that
capitalism was _neither_ an "invention" _nor_ the inevitable outcome of
the movement of history.

2. Does capitalism change? Of course it changes constantly, BUT I would
argue that its fundamental dynamic remains fundamentally the same. It
will eventually turn out that there are major errors in Marx's account
of capitalism -- but the discovery of what those errors are will be made
only by future historians looking back on capitalism from a
post-capitalist future. Every attempt to argue that, because capitalism
has changed, we must go back and 'redo' Marx's analysis has eventually
been shown to be politically disastrous. (I don't believe that "Marxism"
is a science as physics is, so what follows is a metaphor, not an
identity.) Just as physicists had to work for several centuries within
the framework of Newtonian principles, so until the overthrow of
capitalism socialists have to work within the framework of the _Capital_
(all four volumes) and the Grundrisse for their basic understanding of
the capitalist system.

Carrol

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Because everyone living 'under' contemporary capitalism are just too
ignorant to figure out what kinds of intellectual errors Marx made that
would be fatal to his analytical approach.....................

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