Postindustrial capitalism actually confirms rather than refutes Marx’s analysis
Evidence
I have already pointed out that Mandel’s intervention in the postindustrial debate involves the proposition that late or multinational or consumer capitalism, far from being inconsistent with Marx’s great nineteenth-century analysis, constitutes, on the contrary, the purest form of capital yet to have emerged, a prodigious expansion of capital into hitherto uncommodified areas. — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 128
Categorization
- QUESTION: Relevant to the reader’s push on falsifiability — this claim that late capitalism ‘confirms’ Marx could be probed for what evidence would count against it.
- XREF: connects to: Habermas overstates late capitalism’s success in overcoming Marxian contradictions — Alex Callinicos, Against Postmodernism: A Marxist…, 444; Capitalism’s fundamental drivers have not changed despite the information economy