Cassidy chops up Marx and keeps the bits he likes. In this way he dismisses the labour theory of value including the contributions of Adam Smith and David Ricardo; Marx completed their work in this sphere.

If Marx was alive today hewould point out that the failure of the first attempt at scientific socialism is entirely in line with his theory (inherited from Hegel) of the negation of the negation, whereby development takes the form of the phenomenon, followed by its disappearance, only to be followed by its reappearance in a stronger form.

Tony Callaghan