Pieria: Unlearning the History of Capitalism

Posted on the 17 March 2014 by Unlearningecon

I have a new, long overdue post on Pieria, following up on the argument over capitalism and communism which was recently reignited by Jesse Myerson:

Imagine if every time somebody expressed support for capitalism, they were immediately screamed down with death tolls from Colonial India, the Transatlantic Slave Trade and the worst of US foreign policy. Those who argued against them, rather than engaging any of their arguments directly, informed them that they were “psychotic“, heartless apologists for some of the worst crimes in history, then proceeded to catalog these crimes as if that settled the debate. Perhaps the incredulous anti-capitalists would go so far as to tell the capitalist that they were insulting the victims of these crimes, and even that if they ever met those victims, they’d probably get beaten up or something. Sound stupid? Well, this is where debates about communism lie today.

…it is entirely possible for somebody to support communism or socialism as an idea but not support specific governments or movements that carry its banner. Which supporter of capitalism supports every (or any) capitalist politician, country, business leader, political party or other major capitalist institution? Presumably none, and for good reason: there are significant differences within movements and systems as well as between them; there are bad policies or mistakes; there are harsh historical circumstances from which we should be careful of drawing general inferences about a system. Endorsing an idea doesn’t mean you endorse any interpretation of it, or everything done in its name, under any circumstance. People understand this when they’re talking about capitalism: we have social democracy, both left and right neoliberalism, anarcho-capitalism, minarchist libertarianism, European union-business alliance capitalism, and many more specific iterations of these. Yet when Myerson defended communism in general, he was immediately accused of arguing the USSR was a “utopia”, despite doing nothing of the sort.

As you might expect, I go on to discuss the history of capitalism – in particular US foreign policy – and respond briefly to Mark Harrison on the history of communism. (FWIW, I also responded to him at the time in the comments, saying much the same thing and also highlighting some of the other points he made, most of which I considered pretty weak, such as responding to the charge that McCarthyism was ridiculous by saying “no. McCarthyism was ridiculous”).

The further I get into this debate, the further I realize how specious the whole obsession with Stalin and Mao actually is, and also how well obfuscated the history of our own countries is. Sadly, since Myerson’s critics are the kind of people who actually think the Vietnam War should have continued, I doubt there’ll be much progress with this debate any time soon. Still, it’s good to have a narrative that is neither Stalinist nor ‘true communism’, as both of those require a lot of hand waving and have resulted in the self-destructive left we see today. The historical context argument allows us to acknowledge the obvious failings of existing communist regimes, but still endorse the ideas behind socialism and understand how they could work under different circumstances. I sincerely hope that this – rather than accusations of Stalin apologetics – is what people will take away from the piece.