Kolloquium

Marxists held the view that capitalism would necessarily end in collapse. This was certainly the position of Engels and subsequent Marxism. But was this Marx's own position? There is no simple answer since Marx's position changed over time. I argue that it is possible to distinguish three distinct phases in Marx's picture of what capital was and how it might end. 1) the period ending in the revolutions of 1848. 2) the period ending in 1859. 3) the period 1864-1869.