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Nevertheless, these 'conjunctural' studies may represent early stages in a new tradition of analysis which will be capable of identifying the operative ensemble of enduring structures . By revealing what is new and what is not, and showing how continuities are sustained, this work would also reveal what is politically possible and what is not . This sort of project is beyond the agenda of the New Realism, and is fudged by Fundamentalism . Critical Realism and the revitalisation of socialist ideas The task of socialist analysis is not to anticipate the future, but to show what will shape it, and why it is necessary, and how it is possible, to change it .

New Realism reifies the empirical . Fundamentalism as a abstract conceptual realism In Fundamentalism the 'deep structure' of capitalist production is attributed with the remarkable ability to exist and to exert influence without needing any support in social actions . This leads to absurd results . It conjures up an impossible sort of 'depth-realism', in which causality runs only one way, from the deeps to the surface . Here is a monistic world in which causal relations manifest themselves spontaneously and in pristine form (Collier 1989 p .

They can only be theorised in terms of the 'initial assumptions' of analysis . It lacks the concepts required to understand demand as a social and historical construction . So it can only understand capitalism in terms of external relations between 'given' individuals, and only criticise it in relation to capitalist criteria (for the contributors to LeGrand and Estrin 1989, capitalism is undesireable only because it leads to unequal outcomes in terms of the consumption of commodities) . e . ; the Centrally Planned Economies), or as a 'fairer' version of existing capitalist societies .

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