THE NEW INDUSTRIAL STATE AND CONVERGENCE: ANTECEDENTS IN MARX
The idea of convergence took a blow with the demise of the USSR and another with widely diverging economic performance of the US and communist China amid the pandemic. In this short contribution, I explore how James Galbraith and George Tsagolov handle this problem with very different arguments. I then show that, if we were to trace the longer lineage of the ideas of convergence and the new industrial state to Marx and Engels, we can vindicate them more fully and thoroughly than either attempt.