Krugman on Piketty: From one celebrity neo-Keynesian to another

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Paul Krugman writes in today’s New York Times on the buzz around Piketty’s Capital in the Twenty-First Century. Believe the hype, he advises, but the French economist is certainly no Marxist. The celebrated columnist documents some of the more extreme reactions the book has elicited from Republicans and right-wingers, which he calls “the Piketty panic”:

[C]onservatives are terrified…James Pethokoukis of the American Enterprise Institute warns in National Review that Mr. Piketty’s work must be refuted, because otherwise it “will spread among the clerisy and reshape the political economic landscape on which all future policy battles will be waged”…it has been amazing to watch conservatives, one after another, denounce Mr. Piketty as a Marxist. Even Mr. Pethokoukis, who is more sophisticated than the rest, calls Capital a work of “soft Marxism,” which only makes sense if the mere mention of unequal wealth makes you a Marxist.

It is to Krugman’s credit that he can see through the hysterical right-wing denunciations of Piketty as a “Marxist” or “collectivist,” however. That’s something that can’t really be said for the book’s various “Marxian” admirers. Many on the Left tend to believe the Right’s paranoid rhetoric about fairly anodyne liberalism: if conservatives decry Keynesianism or political correctness as “Marxist” (i.e., economic  or cultural), then it must be!

Yeah, not really. Continue reading

Part III: Losurdo in Light of Žižek & Michéa

Two alternative accounts of liberalism recently advanced

Before proceeding, it is helpful to contrast Losurdo’s Liberalism: A Counter-History with treatments of liberal thought carried out by two other noteworthy leftists — the Slovenian Marxist critic Slavoj Žižek and the French anarcho-syndicalist philosopher Jean-Claude Michéa.  Žižek’s stature within the world of radical theory has risen to such heights over the last decade that he no longer requires much in the way of an introduction.  Michéa, by contrast, is a relative unknown outside of his native France.  Still, his political orientation is so heterodox that it strikes readers of nearly any origin as eccentric.  Many of Michéa’s critics (and even his supporters) have suggested that he has made a career out of publicly airing his heterodox views and counterintuitive observations.[162]  Michéa understands his own work to be following in the footsteps of George Orwell, whom he has described as a “Tory anarchist” — or conservative anti-authoritarian.  And while Žižek and Michéa may be polar opposites, ideologically speaking, a side-by-side review of their writings about liberalism has the decided advantage of the authors’ past exchanges with one another on the subject.  In his 2007 (translated 2009) book, The Realm of Lesser Evil: An Essay on Liberal Civilization, Michéa picks up on a few of Žižek’s musings regarding the false permissiveness of the postwar liberal household.[163]  Returning the favor, Žižek spends a few pages in the opening chapter of his 2010 work Living in the End Times summarizing Michéa’s thesis about the logical inseparability of political and economic liberalism.[164]

Žižek and Michéa each explore facets of historical liberalism that Losurdo leaves out of his narrative — e.g., “the dramatic wars that defined the everyday horizon of human lives throughout the sixteenth and seventeenth centuries.”[165]  The religious wars raging throughout Europe during this period together constituted one of liberal ideology’s chief formative experiences.  In a 2004 interview with Dianna Dilworth for The Believer, Žižek expressed his appreciation for early liberalism’s response to this challenge:

[O]riginally [liberalism] was not an arrogant attitude, but…was quite a modest, honest attitude of confronting the problem of religious tolerance after the Thirty Years’ War.  In the seventeenth century, all of Europe was in a shock, and then out of this traumatic experience, the liberal vision came.  The idea was that each of us has some existential or religious beliefs, but even if these are our fundamental commitments, we will not be killing each other for them.  To create a coexistent social structure, a space where these inherently different commitments can be practiced…I don’t see anything inherently bad in this project.[166]

Though more traditional wars between rival kingdoms and principalities did not all of a sudden end, Michéa explains that this new kind of religious conflict — the French Wars of Religion, the first phase of the Thirty Years’ War, the English Civil War, etc. — now formed their “permanent background,” as a consistent frame of reference.  Liberalism, in Michéa’s and Žižek’s understanding, came out of this context.[167]  “Fear of violent death, distrust towards those around, rejection of all ideological fantasies, and the desire for a life that would at last be quiet and peaceful [shaped] the historical horizon of the new ‘way of being’ that the moderns would now incessantly demand,” explains Michéa.  “It is fundamentally one and the same thing, in their eyes, to establish a society in conformity with the progress of Reason, and to define the conditions that would finally enable humanity to emerge from war.”[168]  In this interpretation, liberalism originally represented an attempt to find an escape hatch, a way out of the cycle of religious conflict.  Michéa even contends that this atmosphere of generalized civil war lay behind Hobbes’ depiction of the state of nature as the bellum omnium contra omnes.[169]

In their sympathetic retelling of the origins of liberal tolerance out of the turmoil of the Reformation, Žižek and Michéa capture a dimension that is nowhere to be found in Losurdo’s account.  Oppositely, however, the first two miss one of the Italian thinker’s most original insights concerning bourgeois society, regarding the intricate entanglement of emancipation and dis-emancipation at work in its historical unfolding.  But Michéa is to be preferred when it comes to differentiating the truly revolutionary quality of early liberalism from its later, reactionary form.  He almost seems to have Losurdo in mind, then, when he points out a common anachronism committed by leftists today in talking about liberalism: “As against the absurd idea, particularly widespread on the Left, that liberal policies are by nature ‘conservative’ or ‘reactionary’ (classifications, moreover, that by an irony of History [Hegel] go back to Benjamin Constant), it is appropriate to see liberalism as the modern ideology par excellence.”[170]  Michéa immediately picks up on the confused temporality at work in the attempt to go back and retrospectively brand classical liberal thought as having somehow been “conservative” all along.  He accuses those who attempt such a maneuver of harboring “a particular interest in maintaining the fiction of a left anti-liberalism.”[171]  Commenting upon the debasement of liberal politics, he thus confidently asserts (paraphrasing Hegel’s famous remark)[172] that “if Adam Smith or Benjamin Constant were to return today — an event that might well raise the level of political debate considerably — they would find it very difficult to recognize the rose of their liberalism in the cross of the present.”[173]