Publication Type
Journal Article
Version
publishedVersion
Publication Date
1-2003
Abstract
While no one has yet announced the death of capitalism, reports of its imminent demise have been as numerous as they have been exaggerated. Such reports have usually been bolstered by thoughtful analyses of the fundamental contradictions of capitalism, which was expected to come sliding—if not crashing—down under the weight of its own inconsistencies. Leaving aside Karl Marx's own predictions, twentieth-century analysts as diverse as Joseph Schumpeter, Daniel Bell, and Jurgen Habermas have asserted that the contradictions of capitalism could only mean that its days were numbered. Alas, all that has been established by these analyses is that predictive failure is no impediment to market success: either the consumer's demand for such theories of capitalism's failures is naturally robust, or supply continues to generate its own demand.
Discipline
Political Theory | Politics and Social Change
Research Areas
Political Science
Publication
Social Philosophy and Policy
Volume
20
Issue
1
First Page
165
Last Page
190
ISSN
0265-0525
Identifier
10.1017/S0265052503201023
Publisher
Cambridge University Press (CUP): HSS Journals - No Cambridge Open
Citation
KUKATHAS, Chandran.(2003). The cultural contradictions of socialism. Social Philosophy and Policy, 20(1), 165-190.
Available at: https://ink.library.smu.edu.sg/soss_research/2942
Additional URL
https://doi.org/10.1017/S0265052503201023