Episode 66: How Not to Evaluate the Relevance of “Capital”
Prominent critics––Paul Baran & Paul Sweezy, Silvia Federici, and many others––claim that changes in capitalism since Marx’s time have made his analyses in Capital less relevant. They say that the world no longer looks like the world described in Capital, or that important aspects of capitalism are overlooked or left underdeveloped by Marx.
The co-hosts discuss Andrew’s essay, “How Not to Evaluate the Relevance of Marx’s Capital,” which challenges such claims. Andrew argues that they miss the mark because they presume, incorrectly, that Capital is a descriptive work or a book about (all of) capitalism, not a theoretical work specifically about capital. He and Brendan then discuss claims made by Federici (that Marx “ignored” women’s reproductive work) and Baran & Sweezy (that Marx’s falling-rate-of-profit theory is no longer relevant in the age of “monopoly capital”). Andrew argues that these claims mischaracterize Capital’s genre in the above manner, and that they are wrong for other reasons as well.
Radio Free Humanity is a podcast covering news, politics and philosophy from a Marxist-Humanist perspective. It is co-hosted by Brendan Cooney and Andrew Kliman. We intend to release new episodes every two weeks. Radio Free Humanity is sponsored by MHI, but the views expressed by the co-hosts and guests of Radio Free Humanity are their own. They do not necessarily reflect the views and positions of MHI.
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