“The bourgeoisie has through its exploitation of the world market given a cosmopolitan character to production and consumption in every country,” wrote Karl Marx and Fredrich Engels, in 1848, in the Communist Manifesto.
I came across this paragraph in Prof. David Harvey‘s book, A Companion to Marx’s Capital, recently and the quote from the Communist Manifesto struck me as very modern; one that presaged our current internationalism and the changes affecting Canada today.
No one on this continent has been unaffected by the rampant, unchecked, corporate globalism that has seen thousands of North American factories closed, jobs discarded, and production moved to Asia in order to render more profits for shareholders and bigger bonuses for CEOs. This utterly ruthless and unrestrained capitalism is the one politicians on the right proclaim as the only viable economic policy to pursue.
We think of this as a recent trend, and yet Marx warned about this more than 160 years ago:
…it has drawn from under the feet of industry the national ground on which it stood. All old-established national industries have been destroyed or are daily being destroyed. They are dislodged by new industries, whose introduction becomes a life and death question for all civilised nations, by industries that no longer work up indigenous raw material, but raw material drawn from the remotest zones; industries whose products are consumed, not only at home, but in every quarter of the globe. In place of the old wants, satisfied by the production of the country, we find new wants, requiring for their satisfaction the products of distant lands and climes. In place of the old local and national seclusion and self-sufficiency, we have intercourse in every direction, universal inter-dependence of nations.
Doesn’t that sound like something written about modern globalization? It’s important to understand what Marx meant by capitalism, too: production and trade for the sole source of accumulating wealth (capital). He wasn’t criticizing the market economy, the buying and selling of commodities, the exchange of goods, and a free market. It has nothing to do with your ability to buy a flat screen TV or an iPad or a $250 pair of running shoes.
I’m not sure what he would make of eBay and Kijiji, but I suspect he would have approved of the ability of the individual to adopt and survive in this sort of commodity market where the ‘use-value’ of any items was determined by a mutual agreement between buyer and seller rather than determined for the amount of profit it would make for the elite.
I was struck by a piece in the Toronto Star this weekend by Thomas Walkom, titled, How to save Canadian capitalism from itself:
The economy is not working. A new one needs to be built.
It is not working on a global level, where the world continues to falter.
It is not working at a national level, where incomes stagnate, unemployment persists and good jobs are outsourced abroad.
As a study released Friday by the United Way shows, it is not working at a Toronto level.
That study makes the point that, even within Canada’s premier city, the gap between the rich and poor is growing.
Experts may tie themselves up in knots over the precise trajectory of inequality, depending in part on what is measured and when.
But the general point is beyond dispute: On its own, the free market is providing increasingly less equal rewards.
Which is exactly what Marx predicted would happen: the gap between haves and have-nots is widening. Walkom adds:
Failing a social revolution (which, I suspect, most Canadians don’t want), the alternative is to save capitalism from itself.
Marx predicted social revolution as the inevitable result of this growing inequality, but in this he has been proven only partially correct, and arguably even wrong at times. Cultures in Western nations have a natural inertia against revolution. We tend to be easily swayed by material comforts and convenience. Marx didn’t foresee the internet or 500-plus TV channels, didn’t foresee pornography, game consoles or other things that distract us from thinking about Big Ideas, let alone social upheaval. A culture that is too lazy to walk three blocks to a store for milk is not likely to rise up.
Marx’s communism simply doesn’t work here – at least no implementation has to date. But neither, it seems increasingly, does our unrestrained capitalism. There has to be some reasonable place between them, some place where capitalism’s more predatory urges are blunted, yet its entrepreneurial tendencies are not. As Azar Gat wrote in Foreign Affairs:
Capitalism has expanded relentlessly since early modernity, its lower-priced goods and superior economic power eroding and transforming all other socioeconomic regimes, a process most memorably described by Karl Marx in The Communist Manifesto. Contrary to Marx’s expectations, capitalism had the same effect on communism, eventually “burying” it without the proverbial shot being fired.
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