Abstract

Hegel conceptualized the capitalist economy as a system of needs, with commodities and money serving as means to human ends. While anticipating Marx’s criticisms of certain tendencies in capitalism, Hegel insisted that higher-order institutions, especially those of the modern state, could put them out of play and establish a reconciliation of universality, particularity, and individuality warranting rational affirmation. Hegel, however, failed to comprehend the emergence of capital as a dominant subject, subordinating human ends under its end. The structural coercion, domination, and exploitation inherent in the capital/wage labor relationship illustrate that point, as does the depoliticization of inherently political matters in capitalist market societies. The reconciliation of universality, particularity, and individuality Hegel endorsed requires a form of socialism incorporating deliberative democracy in local workplaces and communities, conjoined with representative bodies on regional, national, and ultimately global levels.