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Market Socialism: The Impossible Socialism.
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- Author(s): Nieto, Maxi (AUTHOR)
- Source:
Science & Society. Jan2022, Vol. 86 Issue 1, p66-94. 29p. - Source:
- Additional Information
- Subject Terms:
- Abstract: The idea of combining some form of social equality with markets goes back to the very origins of socialist tradition and also underlies most of the proposals currently being presented as "alternatives" to the capitalist social order. However, taking as its axis the organic relationship between commodity circulation and capital, as revealed by Marx, it is possible to offer a critique of market socialism (choosing David Schweickart's version of Economic Democracy as a generic textual reference) to demonstrate its inconsistency as a project for social emancipation alternative to the capitalist mode of production. And this for reasons of: i) economy: due to market inefficiency in allocation, and its tendency toward social polarization; ii) politics: because markets prevent citizen self-government and block the free development of human capacities; and iii) ecology: the market is incompatible with a social metabolism that is sustainable with nature. The conclusion is that a market-based production structure is incompatible with the conscious, rational, and democratic regulation of the economy. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Science & Society is the property of Guilford Publications Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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