#Capitalism #Marxism #PoliticalCapitalism #SocialDemocracy: "There are countless books that have made soft-left versions of this argument, among them Robert Reich’s Saving Capitalism, according to which ‘the threat to capitalism’ is ‘the increasing concentration of political power in a corporate and financial elite that has been able to influence the rules by which the economy runs.’footnote21 It strikes me that the role of Marxist intellectuals should be to point out that these pathologies of the current system grow out of capitalist social relations, and that precedent for many of them can be found throughout the history of capitalism (even including something like ‘asset price inflation’). Instead, Riley and Brenner seem to be suggesting that the pathologies can be blamed on the disappearance of capitalism in its classical form, with the latter now painted in retrospect as a system in which market logics led to productive investment, more-or-less shared growth and functional politics."

https://newleftreview.org/issues/ii140/articles/tim-barker-some-questions-about-political-capitalism