With the demise of socialism in Eastern Europe, the Western welfare state is treated as the unquestionable alternative by most intellectuals. They have yet to come to terms with what Claus Offe, the German sociologist, describes as the contradictions of the welfare state and the persistent crises of crisis management. This paper critically assesses Offe's contribution in light of the recent reforms in ?really existing socialism.?; The author contends that although Offe's neo?Schumpeterian argument goes a long way toward explaining the (...) present instability of the welfare state and the contradictions of state intervention in general, including that of the socialist?interventionist state, Offe does not realize that his analysis casts into serious doubt the claim that the welfare state is a viable corrective to either unbridled markets or state socialism. (shrink)

“Postmodernism” denotes efforts to replace foundationalist philosophy with contextu‐alist, immanentist forms of reason. “Postlibertarianism” denotes efforts to transcend contemporary minimal statism, questioning both its “libertarian” moral superstructure and its underlying consequentialist claims and seeking to determine whether the latter can be generalized in a way that displaces the former. Efforts to reach minimal‐statist conclusions by postmodern means seem bound to aggravate the problem that plagues contemporary minimal statism: its failure to be true to its consequentialist foundations, reflected in its long‐standing (...) devotion to dubious arguments for the intrinsic good of laissez‐faire capitalism. For postmodernism fosters the illusion that one can do without any foundations at all. Rather than recovering its consequentialist roots, therefore, postmodern minimal statism tends to rely unquestioningly on the normative foundations already accepted by the libertarian “speech community,” neither responding to alternative interpretations of the value of liberty, nor transcending the arid conversation of “liberty” in favor of investigations of the real world of contemporary capitalism and the welfare state. (shrink)

Fukuyama's argument that we have recently reached ?The End of History?; is defended against writers who fail to appreciate the Hegelian meaning of Fukuyama's ?Endism,?; but is criticized for using simplistic dichotomies that evade the economic and ideological convergence of East and West. Against Fukuyama, the economic critique of socialism, revisionist scholarship on early Soviet economic history, and the history of the libertarian ideas of Rousseau, Kant, Hegel and Marx are deployed to show that history ?ended?; years ago: the creeds (...) of the First and Second Worlds sprang from common assumptions; and even before Eastern European reform movements, both sides of the Iron Curtain had moved to economies that are neither capitalist nor socialist. (shrink)

Thomas Piketty’s Capital and Ideology offers a powerful critique of ideological justifications for inequality in capitalist societies. Does this mean we should reject capitalist institutions altogether? This paper defends some aspects of capitalism by explaining the epistemic function of market economies and their ability to harness capital to meet the needs of the relatively disadvantaged. We support this classical liberal position with reference to empirical research on historical trends in inequality that challenges some of Piketty’s interpretations of the data. Then (...) we discuss the implications of this position in terms of limits on the efficacy of participatory governance within firms and the capacity of the state to levy systematic taxes on wealth. (shrink)