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Gareth's avatar

Whatever the merits of Heath’s explanation, I think he is right in his observation: between 1985 and 1995 there was a massive decline in the prestige of Marxism in analytical political philosophy, which paralleled what was happening in most other academic disciplines where it had a foothold. I think it is also fair to illustrate this with the difference in preoccupation between the Cohen of KMTH or Habermas of Legitimation Crisis and the Cohen/Habermas of the 1990s, with the hyper engagement with the correct normative principle of justice.

I don’t think it is particularly sensible to explain this development based on rational, immanent developments in the spheres of academic research. Broader social forces made class and socialism passé and gave rise to a “post-materialist” moralism on the left. This story is mostly told in terms of feminism or post-modernism but the obsession with analytical theories of justice fits as well.

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Anton Frattaroli's avatar

It's painful for me to hear the history of over a century's worth of minds all circling a problem and never truly understanding it. Continuing to ask the wrong questions, to approach it from the wrong angles. You see the same problems arise whether it's a capitalist or a socialist society, and still nothing.

Inequality is an emergent outcome of credit expansion and it's relation with productivity. Redistribution happens naturally as productivity makes gains on credit. Credit expanding too fast short-circuits the ability for redistribution to occur, because credit goes to assets first. There's no conspiracy of the rich to exploit labor. The system doesn't have to hate you to ruin your life.

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