Jacobin magazine

Piketty and Marx: Or, why no one needs to read anything

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Less than a week ago, Jacobin magazine enumerated a list of nine canned responses criticizing the French neo-Keynesian economist Thomas Piketty’s book Capital in the Twenty-First Century. Zachary Levenson gave us the guide for “How to Write a Marxist Critique of Thomas Piketty without Actually Reading the Book.” It ranges between Marx and Piketty’s radically different conceptions of capital to the latter’s conflation of derivatives stemming from finance and industry. “Capital in the Twenty-First Century is a long book,” Levenson writes, sympathizing with his readers, “and you just don’t have time in your busy schedule to finish it and formulate a materialist critique.” Don’t worry, he urges, “we’ve got you covered.”

No doubt: there’s plenty of truth to such a list, conceived as it is in parody. Many self-proclaimed Marxists are quite eager to dismiss the latest fad in social liberal economic thought, and counterpose the trenchant historical critique offered by Marx to the dry data analysis offered by Piketty. Who hasn’t heard some of these scripted objections bandied about by “radicals” who clearly haven’t read the book?

Yeah, from the blurb on the back it may seem a tired rehashing of Keynesian commonplaces (now almost a century old). Granted, it might appear that Piketty merely “repackages the commonly known as the expertly known,” as one reviewer has put it, by treating observations of inequality under capitalism as if they were earth-shattering discoveries. But does that really justify all the unlettered pedantry of the Marxish commentariat? Shouldn’t people read Capital in the Twenty-First Century before issuing a judgment? Continue reading →

Conversations on the Left: What is to be done?

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Bhaskar Sunkara, James Turley, & Ben Blumberg

Platypus Review 57 | June 2013

On April 18th, 2013, the Platypus Affiliated Society organized a conversation at New York University between Bhaskar Sunkara, the editor of Jacobin, James Turley of the Communist Party of Great Britain, and Ben Blumberg of Platypus, to discuss the differences and similarities between their organizations. What follows is an edited transcript of the discussion.

Tri Logos

Bhaskar Sunkara: It is impossible to deny that the Communist Party of Great Britain’s (CPGB) Weekly Worker is an important publication. It is a publication that is right about many things, without a doubt more right than their peers on the British left, and their ideas deserve more engagement, so I am very pleased that Platypus has us together on this panel. There is no regular party publication on the American left that comes close to the Weekly Worker’s competence, especially considering the small size and resources of the CPGB. They have been consistently against the perversion of democratic centralism and lack of accountability by the leadership in groups like the Socialist Workers Party (SWP). I have been reading it for a couple of years and I think they have a really nuanced view of Trotskyism’s legacy. They also have a solid critique of Eurocommunism and other coalition politics. What I like most of all is their openness about their small size and their limited influence as an organization. For someone like me, who has been around the Left and its posturing, we at Jacobin think the Weekly Worker is far more refreshing and useful than organs that herald the coming of every new socialist movement as if it is going to resurrect the Left. Platypus’s approach is also sometimes useful on this point. Jacobin doesn’t share the same politics, but only because we are operating in different contexts. We aim to reach a different audience. Jacobin, as a political project, is a publication that cannot substitute for the role of a political organization or the role of a party. It also cannot have the uncompromising and coherent vision and perspective of a propaganda group. And it is subject to lots of different pressures and forces — such as the market and the petty-bourgeois culture of writing and publishing.

Our different orientations affect whom we are trying to reach. Jacobin was always two projects. It is something of an intra-left project: emphasizing a Marxist perspective towards organization building. But our main project has been an outwardly directed one: engaging with American liberalism. We have always been geared towards the general public. We are liberals articulating radical ideas and we do so in a way that is clear and accessible. If we have any measure of mainstream success, it is intentional. We have sought to be a terrain for deep theoretical debates. It has been said that we are visible reminders of a long-forgotten socialist tradition, which would define us politically somewhere in between Leninism and the Democratic Socialists of America. One result of this is that the level of politicization of Jacobin’s readership is not quite the same as the level of politicization of our editors, and you could probably say there is a lot more political parity between the readership and the editors of the Weekly Worker and the Platypus Review.

James Turley: The CPGB is not a party. It doesn’t exist; it is a name. The name comes from the older official communist party that has since wound up. The name represents an ideal that we look towards. The far left is divided into small propaganda circles and some of them deny that they do propaganda. The SWP would be a good example; the International Socialist Organization (ISO) is another. They think they are talking to the masses, but it is bad propaganda reaching a mass audience. The CPGB identifies openly as a propaganda group and so probably would the International Bolshevik Tendency (IBT) or the Spartacist League. So there is a very similar landscape out of which the CPGB of the 1920s was formed. The original CPGB was formed from one wing of the Socialist Labour Party, which was a kind of syndicalist sect, and the large majority of the British Socialist Party. At that time, it was a far-left Marxist sect rather than the mass party form that existed in continental Europe. Along with the South Wales committee, their forces together totaled about four to five thousand. If you add up the people in Britain today committed to some form of socialist revolution, you get a ballot figure of about five thousand. After 70–90 intervening years we are, in a sense, back where we started. That says something about the 20th century. Continue reading →