62: Nietzsche Contra Capitalism

Our economy, comrade! Silly cover images and slogans aside, this week we'll consider one of the most peculiar aspects of Nietzsche's political thought: his non-Marxist critique of capitalism, which is mostly found in Human, All Too Human, Books II and III. Since Nietzsche is writing during an experimental period in his thought, he's willing here to entertain thoughts which might not have interested him during his later career. He's willing to give advice to democrats on the best ways to preserve their system against the excesses of capital, for example, or to explain to the rich how their lack of virtue is the very thing that will bring on the revolution against them. Ultimately, Nietzsche's argument centers on the idea that capitalism implies socialism, as both ideologies are founded on utilitarian principles which will drive them towards this end, so long as the value of utility is unmoored from any other concerns: moral, spiritual, national, or individual. I begin the episode with an overall criticism of capitalism based on Nietzschean principles, then we study the textual evidence for these positions and the ways in which Nietzsche considers 'the property question' to be the most dangerous of his time - for remedying it is itself dangerous. The only paths he sees open for society to continue, and survive what he believes to be a cataclysmic movement towards socialism or anarchy, are the following surprising measures: for the wealthy to rediscover virtue, for the institutions of democracy to ban the parties and expel the rich and the destitute from governance, to nationalize the financial sector, and for mass production to yield to a guild or trade union system.

I'm sure this episode will anger most extremists: i.e., the Marxists and the libertarian capitalists. To those free spirits who haven't a care for orthodox opinions, for whom this episode really belongs, join me, and explore the Nietzschean criticisms of capitalism.