Overview

Progressive theorists and activists insist that contemporary capitalism is deeply flawed from a normative point of view. However, most accept the liberal egalitarian thesis that the serious shortcomings of market societies could be overcome with proper political regulation. Building on Marx's legacy, Tony Smith argues that advocates of this thesis lack an adequate concept of capital and the state, and fail to comprehend new developments in world history ensuring that the 'destructive' aspects of capitalism increasingly outweigh whatever 'creative' elements it might continue to possess.

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9781608469970

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Tony Smith, Ph.D. State University of New York at Stony Brook (1980), is Professor of Philosophy at Iowa State University. Professor Smith's books includeThe Logic of Marx's Capital(SUNY, 1990),Technology and Capital(SUNY, 2000) andGlobalisation(Brill, 2005).

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