There are two principal philosophical conceptions of socialism, corresponding to two interpretations of the notion of a rational society. The first conception corresponds to an instrumental view of social rationality. Captured by the image of socialism as “one big workshop,” the instrumental view holds that social ownership of the means of production is rational because it promotes the optimal development of the productive forces. Social ownership is optimal because it eliminates the costs of coordination imposed by the conduct of economic (...) activities in formally independent enterprises, and, more generally, overcomes fetters on development that result from the control of resources by individuals whose particular interests imperfectly correspond to a general interest in productive advance. (shrink)

When we read Karl M&IX,S descriptions of the capitalist mode of production in Capital amd other writings, all our instincts tell us that these are descriptions of an unjust social system. Marx describes a. society in which one small class of persons lives in comfort and idleness while another class, in ever-increasing numbers, lives in want and vvrctchedncss, laboring to produce thc Wealth enjoyed by the fixst. Marx speaks constantly of capitalist "exploitation" of the worker, and refers to the creation (...) of surplus value as the appropriation of his "unpaid 1abor" by capital. Not 0nly docs capitalist society, as Marx describes it, strike us as unjust, but his own descriptions of it themselves seem to connote injustice. When we look in the writings of Marx and Engels for a detailed account 0f the injustices of capitalism, however, We discover at once that not only is there no attempt at all in their writings to provide an argument that capitalism is unjust, but there is not even the explicit claim that capitalism is unjust 01* incquitablc, 01* that it violatcs anyonds rights. We find, in fact, explicit denunciations and sustained criticisms of social thinkers (such as Pierre P:roudhon and Ferdinand Lassalle) who did condemn capitalism for its injustices or advocated some form of socialism as a. means of securing justice, equality, or the rights of man. We even find, perhaps to our surprise, some faixly explicit statements to the effect that capitalism, with all its manifold defects, cannot be faultcd as far as justice is concerned. Whatever else capitalism may be for Marx, it docs not seem that it is unjust. (shrink)