THE SOCIALISM OF FOOLS...

Dear Friends,

I thought to share with you this interesting insight: August Bebel, one of the founders of German Social Democracy, described anti-Semitism as “the socialism of fools.” The facile substitution of angry screeds against greed, corruption, and inequality — which, let’s face it, is endemic to the Wall Street protests and much of the Left today — for careful study of capitalism’s law of value and tendency toward crisis not only fosters an environment in which bizarre and racist conspiracy theories flourish, but also prevents the Left from working out a vision of a liberatory alternative to capital and all of its horrors.

Best,

Adrian