Marx’s Ideas and Conceptions of Socialism in the Twenty-First Century

In Shaibal Gupta, Marcello Musto & Babak Amini (eds.), Karl Marx’s Life, Ideas, and Influences: A Critical Examination on the Bicentenary. Springer Verlag. pp. 273-288 (2019)

Abstract

The failure of the statist models of socialism poses a challenge to socialists in conceiving a feasible non-statist model. In taking up the challenge, guided by Marx’s ideas that socialism will be the outcome of the struggles of the working classes in response to their capitalist conditions of existence; and its two pillars are “social property” and “conscious social regulation,” which ensure its superiority over capitalism, the defining feature of the contemporary financial capitalism together with Marx’s two concepts underlying the two pillars are taken into consideration, and a framework of socializing economic activities grounding a non-statist model of socialism is suggested, whose ontological foundation and operational logic, guided by socialist norms and regulated by the Marxian associations, are different from that of capitalism.

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Tian Yu Cao
Boston University

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