Is capitalism a market society?

Posted: Agosto 12th, 2012 | Author: | Filed under: critica dell'economia politica, Révolution | 92 Comments »

German libertarian communist group Wildcat examine if capitalism is really a market society.

It is a common view nowadays that acts of exchange and their logic are at the centre of capitalist society and that many social processes can be explained on the basis of exchange relations. From this viewpoint the current strategies of ‘privatisation’ and ‘neoliberalism’ become more plausible—both for followers and critics of these strategies. This notion has little to do with the reality of global accumulation of capital, but it is socially confirmed in our daily atomisation, which itself is only the flipside of a lack of open struggles and new collective relationships emerging from within them. To the isolated individual, social processes actually appear to be exchange transactions, or more precisely, it rationalises the experience of powerlessness, because the essence of exchange is just the assumption of the independence and autonomy of individualised subjects. By perceiving social relations as acts of exchange—social relations, which are essentially based on organised and institutionalised violence, exploitation and oppression—the idea of ‘freedom’ and ‘autonomy’ of the individual or certain social groups is rescued. For the individual the perception of social relations as being based on exchange is more than mere imagination. It is a very real experience, given that daily reproduction is mediated by markets and acts of exchange. This form of mediation seems to confirm our individual freedom—and in a certain way actually does confirm it (see below: ‘The Political Ambivalence of the Market’).


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