Re-Envisioning Socialism

Author by : Prabhat Patnaik

2014

Language: English

284 Pages

In Stock!

Price INR 400.0 Price USD 20.0

About the Book

The papers collected in this volume, though based on a certain understanding of the capitalist economy, are by and large not papers on economics. They mainly concern issues of politics and ideology, and are informed by a perception that can be summarized as follows. A capitalist economy is a self-driven or, in the words of Oskar Lange, a ‘spontaneous’ system. State intervention in its functioning, driven by political compulsions, tends to make it dysfunctional. This necessitates either further interventions, leading recursively to a transcendence of the system itself, or a progressive slide-back to the pre-intervention state. To say this is not to suggest that capitalism does not need the state. It does, not only for the maintenance of capitalist property relations and the ‘rules of its game’, and for providing it, through the acquisition of colonies and semi-colonies, with the external, pre-capitalist surroundings that are necessary for its functioning; but also for accelerating, through its intervention, its immanent tendencies. But state intervention that is contrary to its immanent tendencies is what makes capitalism dysfunctional, setting up a dialectics either of subversion of the logic of capital or of subservience to the logic of capital.

Prabhat Patnaik

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