David Laibman asked me to forward the following. 

Dear PEN,
>
>     The Summer 1998 issue of Science & Society (just out; this is not the 
>usual promo post) has a Call for a Special Issue on the Capitalist Ruling 
>Class.  Anticipated publication date: Spring 2000.  The Call appears below.
>     I would like to invite PENners to submit proposals, suggestions, and 
>also to send me names of possible participants (or forward this post).
>     Expanding just a bit on the guidelines in the Call: I think there are 
>two questions that keep the ruling-class concept from its rightful place at 
>the center of inquiry and analysis.  1) The idea that the "great fortunes" 
>that have arisen in the course of capitalist development have been *raw 
>material* fortunes (e.g., the oil billionaires), or based on the 
>peculiarities of finance (J.P. Morgan).  (Bill Gates stands as a major 
>counterexample.)  2) The notion that government contracts have been the 
>source of private wealth, either in military or civilian forms (prototype 
>here is Ross Perot).  The claim is that without raw material monopolies and 
>without government, the "free market" would have distributed wealth far more 
>evenly that it has in fact.  This is clearly something that ought to be 
>addressed in the Capitalist Ruling Class issue of S&S.
>     Any thoughts?
>
>          david
>
>     David Laibman
>     Editor, Science & Society
>=========================================================================
>           SPECIAL ISSUE: THE CAPITALIST RULING CLASS
>                         CALL FOR PAPERS
>
>     Both left and mainstream scholarship have become adept in
>their analysis of the subordinate sectors of present-day capital-
>ist society.  Ordinary people go under the microscope: studies of
>various strata of the working class and labor movements abound,
>including regional variations and historical evolution; there is
>an ample literature on the poor (including from a culture-of-pov-
>erty perspective); ethnic and racial minorities have been examined
>in depth, as have immigrant communities, rural communities, urban
>sub-cultures, and so forth.  Our recent symposium on the problem
>of synthesis in labor studies (S&S, Winter 1996-97) is a state-of-
>the-art exploration of the multi-disciplinary effort to give these
>varied efforts a unifying and cross-fertilizing focus, without
>doing violence to the inherent diversity of the subject matter.
>In effect, critical scholarship, including the Marxist component,
>has turned its magnifying lenses "downward," into the vast majori-
>ty of the working population and its cultures and institutions.
>     By contrast, the concept and reality of the capitalist ruling
>class have been left relatively unexamined (with a few notable

>exceptions).  This may reflect a somewhat reified conception of
>"capitalism" as the unanalyzed, disembodied evil of present-day
>society.  It is as if we think we do not need to know very much
>about capitalism and capital in detail; we seek the sources of
>agency to oppose capitalism as though that agency is independent
>of what capitalist power is, and how it evolves.  This reification
>of capital may stem in part from a tendency in some circles to see
>"capital" anywhere where there are political forces one wishes to
>oppose; it then becomes an ethereal entity that can inhabit any
>type of property structure, any system of power and authority, at
>will.  (The link between this attitude and the failure to study
>the Soviet-era societies concretely, referred to above, will be
>clear.)
>     In earlier, more confident times Marxists devoted a great
>deal of energy to the study of capital as such, and as embodied in
>the capitalist class.  This was tied in with theories of periodi-
>zation in capitalist accumulation, especially the emergence of
>financial and monopoly power.  There were analyses (however incon-
>clusive) of interest groups, control by banking and financial in-
>stitutions, regional divisions and conflicts within the ruling
>class, and the perennial question of the relation between owner-
>ship and control of corporations.  (I will not attempt to produce
>a bibliography here, as I don't want to offend potential partici-
>pants in the special issue by leaving anyone out!)
>     It could be argued that many of the questions that have di-
>vided the left in recent times turn more on implicit differences
>in the participants' understandings of capital and the nature of
>the capitalist class than on the factual material under debate.
>To take the Soviet example one more time: there is more agreement
>among Marxists concerning the actual historical record -- industri-
>alization, urbanization, growth, relative economic equality and
>stability, *and* bureaucratism, privilege, political and cultural
>repressiveness and the Gulag -- than on the use of terms like "so-
>cialism" and "state capitalism."  Much depends on the meaning of
>terms like "capital," "class," and "capitalist class."  Again, as
>Marx and Engels noted 150 years ago in the Communist Manifesto,
>defenders of capitalism rarely define the object of their defense
>honestly; instead, they hide behind concepts like "private proper-
>ty" and "free enterprise."  The *capitalist class* disappears from
>view.
>     It is high time to turn the spotlight upward once again!
>     We invite proposals in two main areas.  First, what is the
>state of the theory of, in increasing order of specificity: class;
>the ruling class; the capitalist ruling class?  The literature on
>levels of abstraction should be addressed here; for a fine start-
>ing point, we recommend a classic article by Theotonio dos Santos,
>"The Concept of Social Classes" (S&S, Summer 1970).  There is also
>the matter of the tension between adjective and noun in the term
>"ruling class," with the former being essentially a matter of gov-
>ernance or agency, and the latter one of structure.  (Is this con-

>tradiction logical or dialectical?)
>     Second, what is the reality of capitalist ruling class power
>in capitalist countries today?  What institutions hold power?  How
>is it exercised?  What is the relation between institutional and
>individual power, and wealth?  What changes have taken place?
>     There are three delicate issues here.  First, while the pri-
>vate power of the capitalist ruling class cannot be separated from
>its political or "public" manifestations, or from the political
>process generally, we would like to start from the (possibly con-
>troversial) Marxist premise that ruling class power precedes, in
>the hierarchy of determination, its embodiment in and interaction
>with state power.  We ask that potential contributors to the issue
>focus on capital, as a preliminary to the capital-state relation,
>rather than making the latter the center of attention.  Second, we
>propose a premise: the nature of the ruling class in present-day
>capitalist societies is likely to be revealed most clearly in
>countries where capitalist development has most fully emerged from
>entanglement with precapitalist forms and institutions, i.e., in
>industrially developed countries rather than developing countries
>where capitalist class structures are newly evolving.  Thus, with
>due allowance for complexity, we point out that studies of the
>capitalist ruling class face a temptation to dissolve into discus-
>sions of the political process, or of development.  Finally, these
>temptations are especially dangerous where it is postulated (an-
>other point for controversy!) that capitalism is increasingly in-
>ternational, and that the capitalist ruling class is therefore
>also international in nature.  Granted that capital is revealed in
>both developed and underdeveloped forms, and that it is insepara-
>bly political and international, we hope to inspire, and publish,
>studies that do not lose their focus on the structures and power
>of capitalist classes as such in the glare of politics, develop-
>ment and international relations.
>     Projected publication date: Spring 2000 (Vol. 64, No. 1).
>Manuscript deadline: March 1999.  Please contact the editor with
>proposals and suggestions as soon as possible: Science & Society / 
>John Jay College, Rm. 4331 / 445 West 59th Street / New York NY 
>10019.  212-246-4932 (voice/fax).
> 
Jim Devine [EMAIL PROTECTED] &
http://clawww.lmu.edu/Departments/ECON/jdevine.html



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