Skip to main content
Work with the NEU
Flawed dialogue on the definition of capitalism

Capitalism: A Conversation in Critical Theory
by Nancy Fraser and Rahel Jaeggi
(Polity, £17.99)

OVERLY abstract and with few historical illustrations of its generalisations, Nancy Fraser and Rahel Jaeggi nevertheless raise points of interest as they debate the definition of capitalism.

Taking a page or so in turn, they accept the basic Marxist assumptions of private ownership of the means of production, a free labour market and capital accumulation premised on the expansion of capital, with the system geared towards making profit instead of satisfying needs.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
black marxism
Books / 28 August 2026
28 August 2026

SETH SANDRONSKY recommends a Marxist critique of the ‘race-first’ views of the influential black US theorist Cedric Robinson

A mobile phone displays the welcome screen to the ChatGPT app
Economy / 11 August 2026
11 August 2026

Elon Musk says AI will make work optional. The world of abundance he predicts actually spells the end of the capitalist system, argues FAWZI IBRAHIM

mother capital
Books / 30 April 2026
30 April 2026

ALEX HALL is fascinated by a lucid and historically convincing account of how rent has dominated capitalist economies from feudalism to modernity

Women's rights campaigners in Westminster, London after taking part in a march from the Royal Courts of Justice calling for decriminalisation of abortion, June 17, 2023
International Women's Day 2026 / 7 March 2026
7 March 2026

Professor MARY DAVIS argues that feminism has been hollowed out by liberal co-option – and only a revival of socialist, class-based politics can restore International Working Women’s Day’s original, radical purpose