New cold war or 'world civil war'? Wertkritik and the critical theory of capitalism in an age of conflict

This article explores the contribution of Wertkritik, a contemporary tendency in German critical Marxist thought, to the theorisation of capitalism, and in particular its relationship with geopolitical conflict and war. Against traditional Marxist and liberal determinism, Wertkritik emphasises how the rationally organised ‘forces of production’ do not motivate the historical development of capitalism, but rather the forces of destruction. This article suggests that Wertkritik illuminates contemporary capitalist development insofar as it lays bare how the apparent ‘post-neoliberal’ turn to state-driven industrial policy is motivated less by a drive to unleash the productive forces in pursuit of a more dynamic or green economy and more by the management of the unfolding destructive forces represented in the new forms of conflict and competition arising between warring military and economic powers. The explanation this offers of the cultural dynamics shaping a context of authoritarian convergence provides vital materials towards a critical theory of a capitalism conditioned by increasing geopolitical tensions. Offering the concept of a 'world civil war' as an alternative to the rationalisations inherent in prevailing notions of a 'new' or 'second' cold war, this theorisation also offers pointers for an emancipatory praxis attuned to the current context.