The Revenge of History: Marxism and the East European Revolutions

The Revenge of History is a frontal assault on the widely accepted idea that the East European revolutions of 1989 mark the death of socialism.
Alex Callinicos seeks to vindicate the classical Marxist tradition by arguing that socialism in this tradition can only come from below, through the self¬activity of the working class. Stalinism from this standpoint was a counter¬revolution, erecting at the end of the 1920s a state capitalist regime on the ruins of the radically democratic socialism briefly achieved in October 1917. Callinicos argues that the collapse of Stalinism at the end of the 1980s is one aspect of a world-wide transition from nationally organized to globally integrated capitalism. The result is likely to be greater economic and political instability. Against this background socialism —in Marx’s sense— is all the more necessary. Callinicos contends that Marx’s vision of a classless com¬munist society would be both practically feasible and profoundly democratic.
He concludes that the collapse of Stalinism should be less the moment to abandon socialism than to resume unfinished business.