Sunday, January 9, 2022

Marx on Globalisation. (2005)

Book Review from the October 2005 issue of the Socialist Standard

Marx on Globalisation. Edited by David Renton. Lawrence and Wishart. £13.99.

This is a selection from the writings of Marx and Engels relevant to the global capitalism we are experiencing today, edited and selected by Dave Renton, who provides a short introduction to the whole work and one-page introductions to each of the sections. Renton doesn’t really put any of his own (Leninist) politics in his contributions to the book, which are kept to a minimum. The vast bulk is taken up with selections from works by Marx and Engels. There are extracts from the Communist Manifesto, The Economic and Philosophical Manuscripts of 1844, The Poverty of Philosophy and Capital, as well as a few letters, unpublished drafts and pieces of journalism.

For the first section, on the world economy, Renton uses the ‘Bourgeois and Proletarians’ chapter of the Communist Manifesto. That Marx understood the long-term trends within capitalism to be global in nature can be illustrated by this well known excerpt: “All fixed, fast-frozen relations, with their train of ancient and venerable prejudices and opinions, are swept away, all new-formed ones become antiquated before they ossify. All that is solid melts into air, all that is holy is profaned . . . the need of a constantly expanding market for its products chases the bourgeoisie over the whole surface of the globe. It must nestle everywhere, settle everywhere, establish connections everywhere”. Marx and Engels were the first writers to understand that the capitalist society would spread and expand.

Marx and Engels didn’t use the word ‘globalisation’, as the term is a recent invention. Though many globalisation theorists argue that the world has now entered into a new economic era, Renton points out that “most commentators would agree that many of the processes being analysed today go back to the old international economy, which has been with us for some time. Such processes as world capitalism, market trade between regions, the growth of finance and new patterns of work, have been part of our life since 1840s, when Marx and Engels began to write”. Despite changes and developments, from the nineteenth century to the 21st century, capitalism is still capitalism. In the introduction Renton uses the following quote from Eric Hobsbawm: “Marx and Engels did not describe the world as it had already been transformed by capitalism in 1848; they predicted how it was logically destined to be transformed by it”.

The second section, on progress, includes a passage from Marx’s Capital that describes the origins of the industrial capitalist. This is a good selection, as this is the part of this work that is the most accessible and in many ways the best starting point for anyone reading Capital (it has been said that it is best not to read Capital starting from the first chapter). This section also includes a speech by Marx from 1848 in which he expresses contempt for both backward-looking protectionism and supposedly progressive free trade (even though in the end he favours free trade but only because he sees it as hastening the contradictions of capital and so the social revolution). Pro-globalisation folk praise free trade and unfortunately many so-called anti-capitalists make the error of advocating some form of protectionism.

In the third section Renton asks whether Marx and Engels did actually believe in the inevitability of one pattern of economic development. In the 1840s they took their examples from Britain and it is often said that they believed the whole world would have follow that lead. But in a letter to Russian socialists Marx wrote that he did not believe that Russia had to follow the English model in forcing the peasants off the land as the first step towards industrialisation, as long as the social revolution had taken place in Europe. In that case, Marx mentioned the possibility of Russia bypassing capitalism and passing to socialism on the basis of the communistic peasant mir.

The section on Imperialism counters the argument of some modern globalisation theorists who argue that world capitalism will bring the third world up to the same level of development as the richest western countries.

Renton’s book is a good selection of Marx and Engels work relating to the global capitalism of today and it serves well as an introduction to their thought. It would make a good read for someone new to Marx.
Gabriel

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