Marxist Sociology Blog editors answer questions posed by readers.

Financial Crisis, Capitalist Power and US State Exceptionalism

Capitalists exercise disproportionate political power through both the state and the market, and their power derives primarily from the productive assets they hold. However, over the last 40 years, the assets of the rich have been financialized. This has increased their ability to exit political territories through capital markets. While this increases the power of capitalists to avoid expropriation demands, unique characteristics about the American state might make it best positioned to take finance on. 

By |2020-04-29T10:34:58-04:00Apr 29, 2020|

What Is the Relation between Theory and Practice, and Did Marx Discuss Engineering Society?

What is the relation between “theory and practice,” and what is the meaning of the unity of theory and practice? Does Marx identify practice with the idea of engineering society, so that the knowledge of the laws that govern economic forces serve as an algorithm, to construct, engineer, in a technical way, a new and better political and economic system?

By |2019-01-02T02:01:26-05:00Aug 23, 2016|