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Multiple Histories of Capital


 In his chapter on Marx’s critique on capital, Dipesh Chakrabarti (Provincializing Europe: Postcolonial Thought and Historical Difference, Princeton 2000) tries to deal with the idea that provincialized Europe has a universal and overarching character. Marx criticized capital on two categories: the abstract human and the idea of history. As historicism assumes that capital arose in Europe out of the Enlightenment rationalism and humanism, it constitutes a unity both in time and space. For Chakrabarti, and Marx, the main reason behind this assumption is the need for a homogenous and common unit for measuring human activity. This measurement will of course be designed to reduce diversity and human belongings into one category called ‘labor’. Abstract labor, therefore, is to destroy differences among workers. Abstract labor is abstracted from any empirical history, it is like a ghost. However, paradoxically, capital is in need of a human, concrete, labor in advance in order to sustain this mode of production.

Inspired by Marx’s critique on capital and its defects, Chakrabarti suggests that there are two histories, History 1 (H1) and History 2 (H2) in relation to capital. By H1, he refers to capital’s posited history aiming at producing itself. By H2, on the other hand, he means some other things, or a universe of pasts, that do not contribute to the self-production of capital. H2s are many in number, in contrast to H1. However, H2s are not independent from capital, they simultaneously exists. However, H2s are not alternative histories, meaning they do not constitute a dialectical ‘other’. Rather, H1 and H2s live together in the same habitat. Their mutual existence is in purpose. Although H1 has to destroy the multiple possibilities that belong to H2, through which disciplinary practices that are meant to accomplish this destruction, H2s will never cease completely. They will keep interrupting the run of capital’s own logic.
For Chakrabarti, Marx’s critique on capital and its implication as his own theory of multiple histories make different / alternative ways of life possible without rejecting or ignoring the other. Globalization of capital (H1) is of course important for enabling him to thing thoroughly on the issues such as rationalism and humanism. However, inserting a single, linear history, assumed by historicists, would not only block ways to understand different but simultaneously available life styles. But it also prevents us from discovering how H1 maintains itself and how affective narratives of human belongings can survive. Calling help of Heidegger, Chakrabarti asserts that one history does not epistemological primacy over other. Both is necessary for explaining history without being trapped by the theories depending on ‘the idea of history as a waiting room’.
However interesting, Chakrabarti’s theory falls short to explain why H1 needs to allow H2 to survive. A universal and overwhelming capital may also maintain itself, may be more powerful than a shared life.
Second, Marx’s and Heidegger’s positions are not known in his theory. If a Heideggerian reading of Marx’s critique could open space for H2s along with H1, does not that mean H2s are also products allowed to survive within the logic of capital? H2s, in this depiction, still do not have their own logic. If Chakrabarti thinks, it does not matter whether H2s have their own logic or not, then their being different has no point.  Moreover, I can see no point to their being divergent if H1 is meant to reduce H2s’ power to produce different and really alternative capitals.

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