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After Capitalism / Edition 1
     

After Capitalism / Edition 1

5.0 1
by David Schweickart
 

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ISBN-10: 0742513009

ISBN-13: 9780742513006

Pub. Date: 06/28/2002

Publisher: Rowman & Littlefield Publishers, Inc.

In After Capitalism, David Schweickart moves beyond the familiar arguments against globalizing capitalism to contribute something absolutely necessary and long overdue -- a coherent vision of a viable, desirable alternative to capitalism. He names this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market

Overview

In After Capitalism, David Schweickart moves beyond the familiar arguments against globalizing capitalism to contribute something absolutely necessary and long overdue -- a coherent vision of a viable, desirable alternative to capitalism. He names this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance. Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and superior to capitalism along a range of values.

Product Details

ISBN-13:
9780742513006
Publisher:
Rowman & Littlefield Publishers, Inc.
Publication date:
06/28/2002
Series:
New Critical Theory Series
Edition description:
New Edition
Pages:
218
Product dimensions:
0.50(w) x 9.00(h) x 6.00(d)

Table of Contents

List of Figures xi

Preface to the Revised Edition xiii

Preface to the First Edition xix

1 Counterproject, Successor-System, Revolution 1

1.1 The Counterproject 3

1.2 Successor-System Theory 8

1.3 Historical Materialism 10

1.4 Criteria 13

1.5 Revolution 14

1.6 A Note on Gender 16

1.7 An Outline of the Argument 19

2 Justifying Capitalism 23

2.1 What Is "Capitalism"? What Is a "Capitalist"? 24

2.2 Neoclassical Shenanigans: Marginal Product as Contribution 27

2.3 Capitalism's White Knight: The Entrepreneur 34

2.4 Risk and Reward: Playing Reverse-Lotto 36

2.5 The Utility (and Disutility) of Deferred Consumption 42

2.6 TINA 46

3 Economic Democracy: What It Is 47

3.1 Economic Democracy: The Basic Model 47

3.1.1 Worker Self-Management 49

3.1.2 The Market 51

3.1.3 Social Control of Investment 51

3.2 The Viability of Economic Democracy 58

3.3 The Mondragon Experiment 66

3.4 A Note on the Public Sector 73

3.5 Economic Democracy: The Expanded Model 75

3.5.1 The Government as Employer-of-Last-Resort 75

3.5.2 Socialist Savings and Loan Associations 76

3.5.3 Capitalists under Socialism 77

3.6 Fair Trade, Not Free Trade 80

4 Capitalism or socialism? Inequality, Unemployment, Overwork, Poverty 85

4.1 Workplace Democracy: Some Behavioral Consequences of Structural Change 87

4.2 Inequality 90

4.3 Unemployment 97

4.3.1 A Note on Inflation 104

4.4 Overwork 106

4.5 Poverty 111

4.5.1 Poverty in Rich Countries 112

4.5.2 Poverty in Poor Countries 113

4.5.3 A Note on Racism 119

4.5.4 A Note on Immigration 121

5 Capitalism or Socialism? Economic Instability, Environmental Degradation, Democracy 125

5.1 Economic Instability 125

5.1.1 A Note on the Current Crisis 134

5.2 Environmental Degradation 139

5.2.1 Overpopulation 139

5.2.2 Food Scarcity 141

5.2.3 Pollution/Climate Change 142

5.3 Democracy (Lack Thereof) 151

5.3.1 A Note on Anticommunism 159

5.3.2 A Note on Liberty 162

5.3.3 A Note on Political Parties 163

6 Getting from Here to There 165

6.1 Economic Democracy as an Orienting Device 165

6.1.1 How the World Looked Then (2001) 166

6.1.2 How the World Looks Now (2011) 171

6.1.3 Note on China 174

6.2 An Economic Democracy Reform Agenda 179

6.2.1 Democratizing Labor 180

6.2.2 Democratizing Capital 181

6.2.3 Toward Full Employment 183

6.2.4 Toward Fair Trade 183

6.2.5 Democratizing Democracy 184

6.3 From Reform to Revolution 187

6.3.1 Radical Quick 188

6.3.2 Radical Slower (with Concern for Stockholders) 190

6.3.3 Slower Still (without a Financial Meltdown) 192

6.4 A New Communism? 193

6.5 A New World 196

6.5.1 Compelling Visions 196

6.5.2 What Should I Do? 202

Notes 207

Bibliography 227

Index 237

About the Author 247

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After Capitalism 5 out of 5 based on 0 ratings. 1 reviews.
Guest More than 1 year ago
The evils of centrally planned socialism on the Soviet model are widely proclaimed, but capitalism has equally negative side effects: gross maldistribution of the fruits of the economy, institutionalization of poverty, the breeding of a mass consumer culture, and destruction of the environment among them. Capitalism may well collapse under its own excesses, but what would one propose to replace it? Margaret Thatcher's mantra was TINA...There Is No Alternative. David Schweickart's vision of "Economic Democracy" proposes a serious alternative. Even more fundamentally, it opens the door to thinking about alternatives. His may or may not turn out to be the definitive "successor system," but he is a leader in breaking out of the box.