Vogel Wakefield blog

Vogel Wakefield blog

January
23
2015

A fresh perspective on contemporary capitalism

Karl Marx at Highgate Cemetery.

 

Book review: Seventeen Contradictions and the End of Capitalism, by David Harvey.

When I mentioned to people that I was reading a compelling Marxist take on the crisis in capitalism, I was not greeted with the warm curiosity that normally follows the mention of an interesting new book. In fact, most people looked at me as if I had ventured beyond the pale. Stalinism has much to answer for: not least, the blight it has put on open-minded critique of the conditions that prevail in liberal democratic capitalism.

I find this puzzling. Like many, I was sheep-dipped in Marxist analysis at university. Though I flirted with radical left wing politics as a student, having grown up with Czech heritage, I was all too aware of the failures and tyranny of life under what was termed “actually existing Communism”. Long before the European revolutions of 1989, I made my peace with the market economy. But I have retained a lifelong appreciation of the value of critique.

Seventeen Contradictions and the End of Capitalism by David Harvey exemplifies the insight that Marxist critique can still generate. A geographer by background, Harvey appropriates Marxist thinking and makes it his own, bringing a freshness that cuts through the common sense that our marketised, financialised society is the natural order of things.

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