Tuesday, 24 January 2006

István Mészáros - Beyond Capital: Toward a Theory of Transition

"The apologists of capital are fond of quoting the Keynesian wisdom according to which ‘in the long run we are all dead', as if that kind of frivolous dismissal of concern with the future could settle the matter. The truth, however, is that because of its necessary nihilation [sic] of the future the capital system is locked into the vicious circle of the short run, although its ideologists try to misrepresent such vice as an unsurpassable virtue. This is the reason why capital is incompatible with any meaningful attempt at comprehensive planning, even when the need for it is quite overwhelming in the troubled relations of global capitalist enterprises."
- István Mészáros,
Beyond Capital: Toward a Theory of Transition (New York: Monthly Review Press, 1995), p. 104.