ABSTRACT

Socialists recognize that only individual workers can change the economic system, and so each individual worker must come to terms with the nature of capitalism. Neoclassical economists certainly treat market capitalism as the end of history, as an eternal economic system based on sacrosanct production and property relations. David Laibman argues that the critique of capitalism must be consistent with the concept of socialism. According to him, socialisms qualitative distinction and superiority must be established at a high level of abstraction, consistent with the general critique of capitalism. Socialists must fully comprehend the logic of capital and then define and develop an alternative logic that positively impedes and interrupts the logic of capital. Karl Marx's theory largely provides the detailed description of the logic of capital that is required, but it only carries within it subtle hints at the possibility of an alternative logic.