Abstract
Just as ample rainfall seldom fails to yield a large crop of mushrooms, so a period of sustained prosperity and high employment under capitalism produces almost inevitably a strong wave of confusion and uncertainty about the validity of the socialist cause, about the rationale of a socialist movement. Indeed, at the present time this vogue has swept not only large numbers of more or less distant sympathizers of socialism; even many of those who have been identified with the socialist movement have turned their backs on Marxism, rejecting it outright in favor of some variant of New Dealism and bourgeois liberalism or proclaiming the necessity for major revisions of what they take to be the Marxian doctrine.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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