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This article appears in Anarchy Archives with the permission
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NOTES
* The Manifesto's case for the bourgeoisie's ultimate
inability to take custody of social life rested on its
"pauperization" of the proletariat--the famous "immiseration"
thesis on which volume 1 of Capital was to conclude. With
the later emergence of welfare states and their ability to
manage crises, capitalism seemed able to prevent itself from
sinking into a deep-seated economic crisis, causing this
notion of "immiseration" to seem questionable. But the
volatility of modern, "neo-liberal" capitalism and the erosion
of its methods for crisis management have brought into
question the ability of capitalism to be a self-correcting
system. It is far from clear that, in the years ahead,
economic collapse (as well as ecological disasters) will be
avoided. Capitalism is still very much in ux, and The
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