Marxism's chief failing is its substitution of a labour theory of value for the struggles of the labour movement. Consequently, Marxism rests on transhistorical categories that are vulnerable to his own critique of political ecomy. Jurgen Habermas and Axel Honneth seek to correct this by placing critical theory on a rmative foundation. Unfortunately, they restrict this to the cultural sphere. By extending their tion of intersubjectivity to the ecomic system it can be viewed as an inactive form of morality which social movements influence in the course of their struggles.
BOB CANNON is Senior Lecturer in Sociology at the University of East London.