What distinguishes the historical social system we are calling historical capitalism is that in this historical system capital came to be used (invested) in a very special way. It came to be used with the primary objective or intent of self-expansion. In this system, past accumulations were 'capital' only to the extend they were used to accumulate more of the same.
Immanuel WallersteinWhat is surprising is that their ideological opponents, the Marxists - the anti-liberals, the representatives of the oppressed working classes - believed in progress with at least as much passion as the liberals.
Immanuel WallersteinWe must distinguish between the kind of structural transformation that would leave in place (even increase) the realities of the exploitation of labor, and one that would undo this kind of exploitation or at least radically reduce it
Immanuel WallersteinThe concept that one ought to restrict one's political involvement to one's own state was deeply antithetical to those who were pursuing the accumulation of capital for its own sake.
Immanuel WallersteinTruth as a cultural ideal has functioned as an opiate, perhaps the only serious opiate of the modern world. Karl Marx said that religion was the opiate of the masses. Raymond Aron retorted that Marxist ideas were in turn the opiate of the intellectuals. There is perspicacity in both these polemical thrusts. But is perspicacity truth? I wish to suggest that perhaps truth has been the real opiate, of both the masses and the intellectuals.
Immanuel Wallerstein