“Karl Marx may have discovered profit, but I discovered political profit.” Carl Schmitt's only half-joking remark plays with a persistent problem for political theory since Hegel — the often perplexing similarity of ideological positions on the left and the right. German intellectual history in this century presents an unusually complicated example of such “convergence” in the reception of Schmitt's work by the Frankfurt School. The controversy surrounding Schmitt is not so much about the quality and depth of his work as (...) about its political consequences. An uncomfortable question for intellectual history in general, the case of Schmitt is most problematic for the German left. (shrink)