cade ▁is ▁the ▁simple ▁fact ▁of ▁its ▁intellectual ▁collapse ▁in ▁the ▁face ▁of ▁full ▁employ ment ▁and ▁the ▁w elf are ▁state ▁at ▁home , ▁and ▁of ▁a ▁new ▁world ▁situation ▁abroad . ▁The ▁Left ▁in ▁domestic ▁matters ▁has ▁produced ▁nothing ▁of ▁subst ance ▁to ▁offset ▁the ▁most ▁important ▁book ▁of ▁the ▁de cade ▁- ▁C ros land ' s ▁" The ▁Future ▁of ▁Social ism ▁" ▁- ▁a ▁brilliant ▁rest at ement ▁of ▁Fab ian ▁ideas ▁in ▁contemporary ▁terms . ▁We ▁have ▁made ▁no ▁sust ained ▁critique ▁of ▁the ▁econom ics ▁of ▁capital ism ▁in ▁the ▁ 1 9 5 0 s , ▁and ▁our ▁vision ▁of ▁a ▁social ist ▁society ▁has ▁changed ▁hardly ▁at ▁all ▁since ▁the ▁days ▁of ▁Ke ir ▁Hard ie . ▁C ertain ly ▁a ▁minor ity ▁has ▁begun ▁to ▁recogn ise ▁our ▁def ic ien cies ▁in ▁the ▁most ▁recent ▁years , ▁and ▁there ▁is ▁no ▁doubt ▁that ▁the ▁se eds ▁which ▁have ▁already ▁been ▁s own ▁will ▁bring ▁an ▁increasing ▁har vest ▁as ▁we ▁move ▁along ▁the ▁si xt ies . ▁But ▁we ▁still ▁have ▁a ▁long ▁way ▁to ▁go , ▁and ▁there ▁are ▁far ▁too ▁many ▁tim eless ▁milit ants ▁for ▁whom ▁the ▁mixture ▁is ▁the ▁same ▁as ▁before ." ▁ ▁In ▁ 1 9 6 0 , ▁The ▁New ▁Re ason er ▁merged ▁with ▁the ▁Univers ities ▁and ▁Left ▁Review ▁to ▁form ▁the ▁New ▁Left ▁Review . ▁These ▁journ als ▁attempted ▁to ▁synth es ise ▁a ▁theoretical ▁position ▁of ▁a ▁Marx ist ▁revision ism