This book critically introduces two compelling contemporary schools of Marxian thought: the New Reading of Marx of Michael Heinrich and Werner Bonefeld, and the postoperaismo of Antonio Negri. Each stake novel claims on Marx's value theory, the first revisiting key categories of the critique of political economy through Frankfurt School critical theory, the second calling the law of value into crisis with reference to Marx's rediscovered 'Fragment on Machines'. Today, 'postcapitalist' conceptualisations of a changing workplace excite interest in postoperaist projections of a crisis of measurability sparked by so-called immaterial labour. Using the New Reading of Marx to question this prospectus, Critiquing Capitalism Today clarifies complex debates for newcomers to these cutting-edge currents of critical thought, looking anew at value, money, labour, class and crisis.
This book critically introduces and compares two of the most compelling contemporary schools of Marxist thought: the German Neue Marx-Lekture, or New Reading of Marx, and Italian postoperaismo. In so doing, it radically updates our understanding of the key categories of Marx's critique of political economy- including value, money, labour, class and crisis- in light of new and exciting theoretical developments. The New Reading of Marx reevaluates Marx's Capital in the shadow of the first-generation Frankfurt School, finding an increasing uptake in the Anglophone world. Postoperaismo reconceptualises Marx's work in the wake of the Grundrisse, its theories of immaterial labour and capitalist crisis finding growing favour beyond the radical fringe via recent bestsellers like Paul Mason's Postcapitalism. Drawing on the first to engage in a pathbreaking critique of the second at a time of peak interest in its optimistic prospectus, thebook brings into critical dialogue important modern thinkers such as Michael Heinrich, Werner Bonefeld, and Antonio Negri. In so doing, Critiquing Capitalism Today serves as both an introduction to each of these radical reinterpretations of Marx's critique of political economy, and a contribution to continuing debates within and between these and other strands of contemporary Marxism. Advancing knowledge in the field by bridging recent scholarship with older material, including the works of Marx himself, Theodor Adorno and Alfred Sohn-Rethel, it relates theoretical disputes with their historical context in capitalist society itself, keeping an empirical focus that clarifies complex conceptual material for readers new to these cutting-edge currents of critical thought.
"The theory of value introduced in this book abandons the dialectic, and seems to justify the capitalist mode of production via a sort of Millian utilitarianism, where the concept of 'happiness' is replaced by 'social validation.' Eventually, the crises of overproduction - necessary within the capitalist mode of production - would be deduced from 'social validation,' i.e., from an effect, and not from intrinsic causal laws." (Dario Cositore, Contemporary Political Theory, Vol. 19 (4), December, 2020)
