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.
- ISBN10 1608469972
- ISBN13 9781608469970
- Publish Date 13 December 2018 (first published 18 September 2017)
- Publish Status Active
- Publish Country US
- Imprint Haymarket Books
- Format Paperback
- Pages 386
- Language English