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 doable and fascinating replacement to capitalism. David Schweickart calls the program financial Democracy, a successor-system to capitalism which preserves the potency strengths of a industry financial system whereas extending democracy to the place of work and to the buildings of funding finance.

In the second one variation, Schweickart acknowledges that elevated globalization of businesses has created more than ever interdependent economies and the talk concerning the desirability of entrepreneurship is escalating. the recent version encompasses a new preface, thoroughly up-to-date information, reorganized chapters, and new sections at the fiscal instability ofcapitalism, the present fiscal quandary, and China.

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

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Additional resources for After Capitalism (2nd Edition) (New Critical Theory)

Sample text

What Is a “Capitalist”? In any economic system human beings interact with nonhuman nature to produce the goods and services that human beings desire. Human labor utilizes nonhuman means of production to generate products. The laws and customs that govern the relationships among these three entities (human labor, means of production, and products) constitute the economic structure of a given society. A capitalist society is characterized by three basic features: • The bulk of the means of production are privately owned, either directly or by corporations that are themselves owned by private individuals.

It is this spirit, arrogant and triumphant, that now stalks the earth. It appears to us in various forms. It appears as “consumer society”—vaguely disquieting but infinitely alluring. More astonishing than grace, invisible waves project the sounds and images of commodity happiness to all but the remotest regions of the globe. Great temples to this spirit—shopping malls that dwarf in size (and attendance) the cathedrals and mosques of earlier epochs—have spread from capitalism’s heartland to almost every country of the world.

This ethic may be particularly appropriate to the counterproject. It is not so much needed to ground the argument for Economic Democracy, although it can serve that purpose—as can most other contemporary ethical theories. But successor-system theory is also about transition, about actually getting beyond capitalism to a better world. 23 • Poverty. I will consider the question of poverty, both in affluent societies and poor countries. I will propose a full-employment policy as the basic solution to poverty in both rich and poor countries—a policy (as we shall see) that cannot be enacted under capitalism.

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