ABSTRACT
It has never been easy to come to terms with the dynamism of capitalism—the fact that it is an always-moving, revolutionary, and powerfully co-optive force in world affairs. While one can still find in capitalism all the blatant injustices, insecurities, insanities, and inequalities against which socialists have traditionally fought, it would be hard to maintain that these are quantitatively or even qualitatively the same now as they were in either the 1960s or the 1930s, at least in the advanced capitalist countries. The challenge we face, therefore, is to reorient the socialist project to the conditions of the day, without simply drifting with every capitalist wind that blows.
