After Capitalism (2nd Edition) (New Critical Theory) by David Schweickart

By David Schweickart

Publish yr note: First released in June twenty eighth 2002
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Since first released in 2002, After Capitalism has provided scholars and political activists alike a coherent imaginative and prescient of a potential and fascinating substitute to capitalism. David Schweickart calls the program financial Democracy, a successor-system to capitalism which preserves the potency strengths of a industry economic system whereas extending democracy to the office and to the constructions of funding finance.

In the second one variation, Schweickart acknowledges that elevated globalization of businesses has created more than ever interdependent economies and the controversy concerning the desirability of entrepreneurship is escalating. the recent variation incorporates a new preface, thoroughly up-to-date info, reorganized chapters, and new sections at the financial instability ofcapitalism, the present monetary predicament, and China.

Drawing on either theoretical and empirical learn, Schweickart exhibits how and why this version is effective, dynamic, and acceptable on this planet this present day.

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Extra info for After Capitalism (2nd Edition) (New Critical Theory)

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In order to gain access to means of production (without which no one can work), most people must contract with people who own (or represent the owners of) such means. In exchange for a wage or a salary, they agree to supply the owners with a certain quantity and quality of labor. It is a crucial characteristic of the institution of wage labor that the goods or services produced do not belong to the workers who produce them but to those who supply the workers with the means of production. There are several things to note about this definition.

Its cruelest manifestation is its savage inequality. We have all heard the statistics, although they are too numbing to remember for long. ) Nations are also divided as to rich and poor, those at the bottom having per capita incomes one-twentieth or even one-fiftieth of those at the top. Life expectancy in rich countries now exceeds eighty; in poor countries, it is often under fifty-five. Infant mortality, malnutrition, and literacy rates are comparably disparate. Even within rich countries, the inequalities are staggering.

Elementary logic says no, unless it is assumed that every attempt at constructing a successor system must necessarily succeed. Such an assumption doesn’t fit with Counterproject, Successor-System, Revolution 13 historical materialism’s basic premises. Historical materialism regards the human species as a practical species, groping to solve the problems that confront it. There is no reason to expect success right away. It is more probable to see only partial successes at first, or outright failures, with subsequent attempts learning from these experiences—until finally a transformation takes hold that is superior enough to the old order to be irreversible.

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