This article advances a reconceptualization of the Davis‐Moore thesis, which adresses the weaknesses of Davis and Moore's original formulation and can function not as a causal explanation of inequality but as a normative yardstick, against which the efficiency of capitalist society's use of human talents can be measured. I argue that the nonmeritocratic nature of capitalist society prevents it from using human talents efficiently and that this fact is obscured by a “meritocratic illusion” that is systematically generated by the structural logic of capitalist society. After briefly exploring one way in which capitalism's ecological contradictions impinge on the Davis‐Moore thesis, I conclude by arguing that it is the mediation of capitalism's contradictions through social struggles that will determine whether a more meritocratic society consistent with the reconceptualized version of the Davis‐Moore thesis will ever emerge.
This article argues that an application of Marxism to itself can help us transcend Gouldner's (1980) dichotomy between scientific and critical Marxism. After demonstrating that the paradigmatic document of scientific marxism, Marx's Preface to A Contribution to the Critique of Political Economy, turns the structural logic of capitalist economy into the basis for a transhistorical theory of social‐economic development, this article explores the limitations of critical Marxism's response to scientific Marxism and concludes that a viable, not class‐centered, reformulation of the emancipatory project is possible through an analysis of capitalism's “dialectic of scarcity.” The task of the emancipatory project, it is argued, is to turn humanity, and not the working class, from a political subject in itself to a political subject in and for itself.
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