
171
Bernstein’s revisionism, but also in her undiminished belief in the laws of historical develop-
ment, which shines through in several of the letters appended to Hermsen’s book. Such histor-
icist beliefs were anathema to Arendt, but they served to keep Luxemburg’s socialist hope
alive. Her principal theoretical work, The Accumulation of Capital (1913), while unorthodox
in many ways, also followed the template of Marxist orthodoxy in one important respect. Lux-
emburg deviated from orthodoxy by arguing that the accumulation of capital always needs a
non-capitalist environment, hence the economic imperative of colonialism and imperialism.
Once the whole world had been incorporated into the capitalist system, however, accumulation
would grind to a halt, because there would be no more non-capitalist areas left. Luxemburg
thus thought to have demonstrated, in line with Marxist orthodoxy, that capitalism would even-
tually “collapse” under the weight of its own “contradictions.”
One option that is conspicuously absent in Hermsen’s discussion on how to subordinate the
economy to politics is social-democratic reformism. Her failure to seriously discuss this alter-
native is inexcusable, as a radical reformist policy may be the only feasible option at present
for taming the capitalist beast. Luxemburg and Arendt had different reasons to reject this op-
tion. For Luxemburg, as she made clear in Reform or Revolution (1900), accepting reformism
à la Bernstein would be giving up her big dream, the imagined classless society lying beyond
the horizon of capitalism as the “final goal” of the socialist labour movement. After all, Bern-
stein had challenged his comrades by declaring that “the final goal is nothing, the movement
is everything,” and by advocating a sustained reform programme of realizing concrete im-
provements in the life conditions of ordinary people within the framework of the existing cap-
italist system. In his view, social democrats should abide by the rules of parliamentary democ-
racy and abjure the irresponsible dream of a revolutionary overthrow of capitalism. Luxem-
burg objected that the reforms that would be possible under capitalism fell far short of the
desired emancipation of the working class. Reformists also ignored, she held, that under cap-
italism the state remained a class-based state. It would be an illusion to think that the state
could be an instrument serving the interests of the general population, even with social-demo-
cratic governments. Luxemburg did not completely scorn the day-to-day struggle to achieve
concrete improvements in the lives of workers, but she held that the room for them was limited
and that they could at best be only temporary achievements, likely to be reversed at the next
economic crisis. The main reason to undertake the struggle for concrete reforms, in her view,