The Spell of Marx and Jeffrey Sachs

Abstract

The article offers a critical analysis of the view that Marx’s critique of capitalism provides the analytical lenses necessary to understand post-communist transformations. The author examines the problematic premises underpinning this view—for example, that capitalism can be created by design, and that in the early 1990s the former “second world” constituted a tabula rasa—and insists that a proper answer to the question “How did capitalism emerge in Eastern Europe and the former Soviet Union?” is yet to be given. The text also identifies the conceptual, theoretical, and empirical difficulties that might ensue if analyses of post-communist politics are reduced to a critique of neoliberal capitalism.