The Teleology of Capitalism
Does capitalism have a particular teleology? If those who believe strongly in the virtues of unfettered free-market capitalism were to think teleologically, what ideal end-state would they imagine, and for whom?
Popular critiques of vulgar or orthodox Marxism understand its ideal goal to consist of class struggle leading to socialist revolution followed by a worker’s utopia wherein “after the productive forces have also increased with the all-around development of the individual, and all the springs of co-operative wealth flow more abundantly — only then can the narrow horizon of bourgeois right be crossed in its entirety and society inscribe on its banners: From each according to his ability, to each according to his needs” (Critique of the Gotha Program). Critiques of various forms of Marxism that admit a more sophisticated understanding still often find a solid target in teleologies that imagine some remedy to the appropriation of unpaid labor and a loosening of the bourgeoisie’s private ownership of the means of production: so, yes, Marxisms by definition often imagine some future circumstance toward which they work.
Do the advocates of free-market competition similarly imagine some ideal future circumstance — and if so, what does it look like?
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