C. B. Macpherson's Critique of Liberal Democracy and Capitalism

Abstract

C. B. Macpherson's project was to revise liberal-democratic theory in the light of Marxism, to rescue the valuable part of the liberal tradition from the dangers of capitalist market relations, and to democratize socialism. I identify Macpherson's concept of political theory, which informs his project; reconstruct his criticisms of liberal democratic theory and capitalist market relations; and note his prescriptions for a better political theory and practice. The project remains significant and valuable in a world in which political and economic liberalism is said to be triumphant and socialism dead or in retreat. It is not without its problems, however, which include an inadequate theory of human nature and a lack of detail on the nature of a democratic socialist society.