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But even among academics, there is almost nothing left of the triumphalist Marxism of the 1930s and 40s, with their boasts of the economic efficiency and superiority of socialist central planning. Instead, even the most dedicated Marxists now pay lip service to the necessity of some sort of “market,” however restricted by government.
But this does not mean that the struggle over egalitarianism is over. Far from it. On the contrary, after the New Left of the late 1960s and early ‘70s had been discredited by its bizarre turn to violence, it took the advice of its liberal elders and “joined the system.” New Leftists launched a successful Gramscian “long march through the institutions,” and by becoming lawyers and academics — particularly in the humanities, philosophy, and the “soft” social sciences — they have managed to acquire hegemony over our culture. Seeing themselves defeated and routed on the strictly economic front (in contrast to the Old Left of the 1930s, Marxian economics and the labor theory of value was never the New Left’s strong suit), the Left turned to the allegedly moral high ground of egalitarianism.
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