In particular, this essay will magnify, in light of the classical Marxist theory, the influence and necessity of state policy in creating and maintaining a balance between capitalistic success and societal equity among existing class structures.
Rethinking Welfare produces an analysis of capitalism and welfare in the twenty-first century by exploring three axioms of traditional Marxist theory: "capitalism as a contradictory totality, Marxism as a philosophy of praxis, and socialism as the self-emancipation of the working class" (Ferguson et al. 2002: 25). The first and third components are relevant to this discussion.
Socialism is recognized by those working in the classical Marxist tradition as a "system of prioritizing human need over profit, where production is controlled and planned by the direct producers (that is, workers in their factories and offices) and where both these requirements necessitate a system of open and direct democracy- far more democratic than anything seen under capitalism" (Ferguson et al. 2002: 25). It is interesting to note that the authors conclude, "none of the past or present representatives of "actually existing socialism" come close to meeting these criteria" (25). ...Show more