Re-thinking the Crisis of Capital in Light of the Crisis of the Left

Far from expressing a sequence of never-ending progression, the Hegelian dialectic lets retrogression appear as translucent as progression and indeed makes it very nearly inevitable if one ever tries to escape regression by mere faith. —Raya Dunayevskaya1 IT MAY SEEM IRONIC that a moment so typified by the crisis of capital calls for a serious critique of the crisis on the Left; however, in the present moment it has become impossible to take on the crisis of existing society without facing the limitations found in prevailing leftist responses to it. [Read More]

Finance capital

Why financial capitalism is no more "fictitious" than any other kind

WITH THE PRESENT FINANCIAL MELT-DOWN in the U.S. throwing the global economy into question, many on the “Left” are wondering again about the nature of capitalism. While many will be tempted to jump on the bandwagon of the “bailout” being floated by the Bush administration and the Congressional Democrats (including Obama), others will protest the “bailing out” of Wall Street. The rhetoric of “Wall Street vs. Main Street,” between “hardworking America” and the “financial fat cats,” however, belies a more fundamental truth: the two are indissolubly linked and are in fact two sides of the same coin of capitalism. [Read More]

Capital in history

The need for a Marxian philosophy of history of the Left

The following is a talk given at the Marxist-Humanist Committee public forum on The Crisis in Marxist Thought, hosted by the Platypus Affiliated Society in Chicago on Friday, July 25th, 2008. I want to speak about the meaning of history for any purportedly Marxian Left. We in Platypus focus on the history of the Left because we think that the narrative one tells about this history is in fact one’s theory of the present. [Read More]

The Failure of Pakistan

Perspectives on the crisis, its past, present, and future

A teach-in, panel discussion and moderated audience Q & A on the failure of the Left in Pakistan, held on February 2, 2008, at the School of the Art Institute of Chicago. Related reading can be found in the Platypus Review #2 Audio Recording Your browser does not support the audio element Panelists -Ayesha Siddiqa (author of Military Inc, Inside Pakistan’s Military Economy) on “Pakistan’s Military Economy” -Manan Ahmed (University of Chicago) on “The Populism of the Bhuttos” [Read More]

The Left is dead! Long live the Left!

Vicissitudes of historical consciousness and possibilities for emancipatory social politics today

The tradition of all dead generations weighs like a nightmare on the brains of the living. —Karl Marx, The 18th Brumaire of Louis Napoleon (1852) The theorist who intervenes in practical controversies nowadays discovers on a regular basis and to his shame that whatever ideas he might contribute were expressed long ago – and usually better the first time around. —Theodor W. Adorno, “Sexual Taboos and the Law Today” (1963) [Read More]