Popular Marx (2020)

Book Review from the September 2020 issue of the Socialist Standard

Compendium of Karl Marx’s Capital. By Carlo Cafiero. Anarchist Communist Group. 2020. 100 pages

Marx’s Capital, first published in German in 1867, is a tome of over 1,000 pages and so not an easy read. As a result, ever since the working-class movement took off in the 1870s its content has been popularised in shorter works. This is an Italian one from 1879. It is accurate enough with long passages from Capital, though Cafiero’s conclusion expresses a rather romantic view of ‘revolution’.

Cafiero was a member of the International Working Men’s Association and met and corresponded with Marx and Engels but who in the end sided with Bakunin when the split came and became a populariser for ‘anarchism communism’, i.e of those anarchists who stood for a society where the means of life were owned in common and the principle of ‘from each according to their abilities, to each according to their needs’ applied (as opposed to ‘to each according to their work’ as favoured by other anarchists). His pamphlet Anarchism and Communism puts the case for this (which we call socialism) rather well.

Despite opposing Marx politically, Cafiero accepted Marxian economics, and later anarchists translated his pamphlet into French and Spanish, a tacit recognition that anarchist attempts to develop an alternative analysis of the capitalist economy (as fellow anarchist-communist Kropotkin attempted) had failed. In their introduction the ACG go so far as to describe Capital as ‘a superb contribution to our revolutionary understanding’ and to recommend it to anyone who wants ‘to understand how the system works in order to fight and ultimately destroy it.’ We don’t disagree of course but it must cause raised eyebrows amongst some anarchists.

Unfortunately, it is not a good translation. Why, for instance, are the words ‘currency’ and ‘salary’ used instead of ‘money’ and ‘wages’ as in Marxian economics in English? And there is a glaring error on page 58 where Cafiero is made to say ‘therefore, salary cannot represent the price of labour power’; which is wrong both in terms of what Marx held (wages are precisely the price of labour power) and of what Cafiero himself had written in the preceding paragraph. Socialist Party members familiar with Italian say that a correct translation of what Cafiero wrote in Italian is ‘therefore, wages can represent nothing other than the price of labour power’ (they advise that there are other, though less serious, mistranslations too.) It is a bit odd that the ACG did not pick this up and add a correction as that wages are the price of labour power is a basic part of Marxian economics.

Adam Buick