Stuart Bramhall continues his series about capitalism and socialism
In general, Marxists believe the economic laws that govern capitalism make it inherently flawed – dooming it to eventual failure. They also see a grave risk that the collapse of capitalism will bring down civilization with it. Which is why they argue for workers to hasten its demise and prepare to replace it with some other form of social organization.
Yes, capitalism has been wobbling lately. But what many socialists (and anarchists) don’t get is that capitalism can and well reinvent itself overnight, if need be. “Socialists have predicted eleven out of the last seven capitalist crises” yet somehow capitalism keeps one.
Also, in an era where the state is demonstrably hollowing out, how can a monolithic state enterprise somehow revive itself then run things so as to benefit workers?
I think the socialist model made sense 100 years ago. I’m not sure it does in 2010.