The software here went haywire yesterday and took down a series of posts which I am going to repost…Back to normal, I hope
Stigliz and market socialism
Whither Socialism? (Wicksell Lectures) [Joseph E. Stiglitz] on Amazon.com. *FREE* shipping on qualifying offers. The rapid collapse of socialism has raised new economic policy questions and revived old theoretical issues. In this book
Binding ‘market socialism’ to neo-classical economics as critiqued by Stiglitz was not my meaning. My discussion began with neo-classical economics as junk science. I am simply in search of something that could provide a workable hybrid of ‘markets’ + ‘socialism’ on the way to a genuinely founded postcapitalist economy. Stalinism shows that a controlled planned economy is theoretically possible, if desperately undesirable. Mises strike 1. Chinese ‘*market socialism’ in the context of the US/China hybrid economy shows a highly successful (sort of) socialism, in reality a fragment in a larger system, but… Mises strike 2. The issue is not markets but democracy. If the planet is at risk the two above choices can’t be ruled out. We are being outshouted by Mises-style dogma, albeit with a point to its critique of fully planned economies of certain types.
The point is we are not required to pay lip service to Mises/market propaganda to consider postcapitalist possibilities that are not sentimental social/democratic fancies. A vigorous system is needed that calls itself socialism that is non-totalitarian and a hybrid that can associate on an international level in a federation of states cooperating to control global capitalism at large at its most destructive, and thence at home, to a degree sufficient to create a populist/socialist economic life for the majority (the universal class) with a defined from of democratic life. Clearly this is not impossible.
There is one incremental step beyond this ‘market/socialist hybrid’, a proto-communist system where the principle of the commons is invoked to make all large-scale industrial level properties revert to the commons. This system could apply ‘*market socialism’ with stewards of the properties in question, etc… Such a system could adopt what is already the case, partial degrees of planning. etc…
This set of options is more than sufficient to consider the issues of socialism/neo-communism in the sense of a practical movement.
An experimental pre-communist hybrid socialism (‘*market socialism’) can thus focus its energies on the value/cultural/political questions of new form of socialist society, one evolving to a full neo-communism.
But the first stage is viable as an economic system, as a socialist community in the making with a new politics that is beyond the one-party state, with a set of political institutions that are freed from the political domination of capital…The point here is to stop being paralyzed by Mises loudmouths. In fact a lot of people in the Mises legacy are stuck with what they didn’t intend: the clear failure of capitalism. They themselves are looking for a way out of Mises’ own claims…strike 3 a work in progress…
We are running out of time here, and while the economic calculation debates can continue we have enough to start… The climate agreement just inked is a transparent fraud, despite making some progress… We need a movement that can work toward a realistic postcommunism.