CLASS THEORY AND HISTORYRESNICK’S AND WOLFF’S

Abstract

Review essay on Stephen A. Resnick and Richard D. Wolff’s, Class Theory and History: Capitalism and Communism in the USSR. New York and London: Routledge. xiv + 353 pp. 2002. The overwhelming ideological dominance of neo-liberalism has led to the widespread acceptance of the most facile explanations of the collapse of the Soviet Union, whose demise supposedly demonstrates the validity of Adam Smith’s critique of political intervention in the functioning of the market. In this book Stephen Resnick and Richard Wolff undertake the vitally important task of theorizing the rise and fall of the Soviet Union from a Marxist perspective. Resnick and Wolff follow the neo-liberals in seeing the Soviet Union as a form of capitalism administered by the state, but reject the neo-liberal critique of the inefficiency of state capitalism, celebrating the supposedly great economic achievements of the Soviet Union. The failure of the Soviet Union lay not in the dominance of the state, but in the failure to go beyond state capitalism to establish a communist society. Instead of building on the limited communist elements in soviet society, the Soviet Union was marked by the persistence of what Resnick and Wolff call the “ancient” and “feudal” class structures which ultimately proved its undoing, by undermining the state capitalist appropriation of the surplus and providing the cultural and political foundations for a return to private capitalist forms of surplus appropriation.

Citation

Clarke, S. (2004), " CLASS THEORY AND HISTORYRESNICK’S AND WOLFF’S", Samuels, W.J. (Ed.) A Research Annual (Research in the History of Economic Thought and Methodology, Vol. 22 Part 1), Emerald Group Publishing Limited, Leeds, pp. 355-363. https://doi.org/10.1016/S0743-4154(03)22022-8